Page 78 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 76

For the period July 1, 2014 through September 30, 2014, you will
also earn a year of credited future service if you complete 500 or
more hours of Covered Employment during that period or 1000
hours during each of the periods July 1, 2014 through June 30,
2015 and October 1, 2014 through September 30, 2015.

If your accrued benefit was transferred to the Consolidated Plan
effective July 1, 2014, your credited service as of June 30, 2014
will be recognized by both the Sound Plan and the Consolidated
Plan in determining your eligibility and vesting status with respect
to benefits payable from either Plan. This means that, if you
need five years for a vested benefit and you have three years of
vesting service earned under the Meat Plan with Kroger-related
employers that was transferred to the Consolidated Plan and
you earn two years of vesting service after July 1, 2014 under the
Sound Plan, both Plans will recognize five years of vesting service.

Vesting Service

The vesting service you earned under the Meat Plan prior to July
1, 2014 will also count as vesting service under the Sound Plan or
the Consolidated Plan (if your June 30, 2014 accrued benefit was
transferred to the Consolidated Plan). For example, if you have 3
years of vesting service under the Meat Plan as of June 30, 2014,
you are considered to have 3 years of vesting service under the
Sound Plan. If you then complete 2 years of service under the
Sound Plan, you will be fully vested in both the Meat Plan benefit
you earned through June 30, 2014 (even if it was transferred to
the Consolidated Plan) and the Sound Plan.

Break in Service
Starting October 1, 2014, you will incur a 1-year break in service
for any Plan Year (October 1 through September 30) you
complete less than 435 hours of service during the Plan Year. The
period July 1, 2014 through September 30, 2014 will be ignored
in determining whether you have incurred a permanent break in
service in the Sound Plan. Starting October 1, 2016, you will incur
a 1-year break in service for any Plan Year (October 1 through
September 30) you do not complete more than 500 hours of
service during the Plan Year.
REGULAR PENSION

Eligibility

You are eligible for a regular pension when 6 months have
elapsed since your effective date of coverage and you are either:

 Age 65 or older and have 5 or more years of credited service
(including continuous non-covered service, but without a
permanent break in service), or