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61 | SOUND RETIREMENT

APPENDIX A:

Drug Employees Hired on or After
October 1, 2008

The Retail Drug Industry Pension Trust (“Drug Plan”) merged
into the Sound Retirement Trust (formerly the Retail Clerks
Pension Trust) effective October 1, 2008. Employees hired on or
after October 1, 2008 by Drug employers or employed in Drug
positions with no service earned under the Drug Plan have the
same benefits as those participants in Clerks positions under
the Sound Trust, except as provided in this Appendix A. (Please
contact the Administrative Office for more details.)
REGULAR PENSION

Your Regular Pension Amount

For pension benefits earned on or after October 1, 2008, your
regular pension is a monthly amount equal to 3.0% of 5/7 of
the July 2004 employer contributions (plus any pensionable
contribution increases bargained after that date) credited to you.
This amount is then adjusted for the form of payment you select.

QUESTIONS AND ANSWERS

Is my eligibility affected No. In either case you will earn benefits under
if I transfer from a the provisions of the Sound Plan, if your transfer
position as a Drug occurred on or after October 1, 2008. The only
employee to one as a difference will be to the regular pension amount
Clerks employee? you earn and the terms governing reemployment
after you transfer, as described in this Appendix A.