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SOUND RETIREMENT | 62

APPENDIX B:

Drug Plan Participants Prior to
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. The Sound Plan terms described
in this SPD do not affect the pension benefit you earned under
the Drug Plan through September 30, 2008. Except as provided
in this Appendix B, the provisions discussed in the rest of this
booklet apply to benefits earned under the Sound Plan on and
after October 1, 2008. Your September 30, 2008 pension benefit
under the Drug Plan, as adjusted using the Drug Plan’s actuarial
factors, will always serve as a minimum benefit under the Sound
Plan. If you did not earn any years of credited future service on or
after October 1, 2008, your benefits will be determined under the
terms of the Drug Plan before the merger.

For the rules on benefits under the Sound Plan on and after
October 1, 2016, refer to the Sound Plan rules from pages 1 to
60.

ELIGIBILITY AND PARTICIPATION
If you had an accrued benefit in the Drug Plan as of September
30, 2008, you were automatically a participant in the Sound Plan
effective October 1, 2008, regardless of whether you work in
Covered Employment on or after that date.

SERVICE

Credited Service

Before October 1, 2016, you earned a year of credited service for
each Plan Year you completed 500 or more hours of credited
service. In addition, you earned partial years of credited service
prior to October 1, 2016 if you earned between 90 and 499 hours
of service during the Plan Year, as shown in the following table.
(For the current Sound Plan rule, see page 8.)