Page 92 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 90

y There will be no pre-retirement death benefits other than
the pre-retirement surviving spouse benefit to your spouse
if you are married on the date of your death; and
y The 5-year certain guarantee on the normal form of
payment for single participants will not apply.

You are in “terminated vested status” if you:
y Are not in payment status on December 16, 2010;
y Are vested as of September 30, 2010;

y Earned less than 435 covered hours of service during the
Plan Year ending September 30, 2010; and

y Had no contributory hours during the period October 1,
2010 through December 16, 2010.

6. If your benefits first commenced prior to 2011, you also are
eligible for a standard reduced early retirement pension if
you have no break in service after September 30, 2010, or
you have earned a year of Credited Future Service in two
consecutive Plan Years following your most recent break
in service as a vested participant after September 30, 2010
(September 30, 2009 if you had no contributory hours during
the period of October 1, 2010 through December 16, 2010).

7. If your benefits first commence prior to 2011, you are eligible
for an unreduced early retirement pension if:

y You are at least age 63, but not yet age 65;
y You have earned 5 or more years of credited service
(without a Permanent Break in Service), including 1 or more
years of credited future service;

y 6 months have elapsed since your effective date of
coverage; and

y you have no break in service after September 30, 2010, or
you have earned a year of credited future service in two
consecutive Plan Years following your most recent break
in service as a vested participant after September 30, 2010
(September 30, 2009 if you had no contributory hours
during the October 1, 2010 through December 16, 2010).
If you qualify for the unreduced pension benefit, the amount
you receive is the same as your regular pension benefit.
However, the pension benefit you receive may be reduced
based on the form of payment you select.
8. If your benefits first commence on or before September 1,
2013, you are eligible for a 55/30 partly reduced pension if:
y you were at least age 54 and had 30 or more years of
credited service as of December 16, 2010), and