• Pension Credits:

     
  • Prior Service

    You will be credited with one Prior Service Credit for each calendar year between January 1, 1937 and December 31, 1960, in which you have Prior Service Earnings of $2,000 or more. The maximum number of Prior Service Credits which will be used to calculate your benefits is 20.
     
  • Current Service

    You will be credited with one Current Service Credit for each calendar year after December 31, 1960 in which you meet the minimum earnings. See Table.

    For exceptions to the minimum earnings requirements, click here.

    The Pension Plan also has an Alternative Eligibility Program in the event you do not meet the minimum earnings requirement. You are entitled to an Alternative Pension Credit if you meet the minimum days of employment requirement. See Table.

    Note: Alternative Pension Credits are not used for all purposes under the Plan. Click here.
     
  • Vesting Rules:

      You will become vested upon satisfaction of at least one of the following rules: When Payments May Begin
    10 Year Rule 10 Pension Credits excluding
    Pension Credits under Alternative
    Eligibility Program
    Age 55, payable as an
    Early Retirement Pension
    or at age 65 payable as a
    Regular Pension
    10 Pension Credits including Pension Credits under Alternative Eligibility Program Age 65, payable as a Regular Pension
    NRA Rule Normal Retirement Age:
    Age 65, or the 5th* anniversary of participation (excluding participation prior to a Permanent Break-in-Service), if later.
    *10th anniversary if no earnings after 1/1/88.
    Age 65 or older, payable as a Vested Pension only if "Active" on or after NRA. "Active" means earning a Current Service Credit.
    5 Year Rule 5 Pension Credits without a Permanent Break-in-Service, and satisfaction of the Activity Test. Age 65 or older, payable as a Limited 5 Year Vested Pension.
     
  • Break-in-Service Rules:

     
  • One-Year Break

    A One-Year Break-in-Service occurs in a calendar year if you are not vested and your earnings are less than the minimum earnings to avoid a One-Year Break for that year. The One-Year Break limits are different for Limited 5-Year Vesting and Normal Retirement Age (NRA) Vesting. See Table.
     
  • Permanent Break

    You have a Permanent Break in Service if you have at least five consecutive One-Year Breaks and the number of consecutive One-Year Breaks equals or exceeds the number of Pension Credits you previously accumulated. You can prevent temporary One-Year Breaks in Service from becoming a Permanent Break in Service by earning a Pension Credit. If you earn more than the amount to avoid a One-Year Break but less than the minimum to earn Pension Credit, the year is not counted as a One-Year Break in Service. However, it also does not interrupt the count of consecutive One-Year Breaks.

    See also: Parental Leave/FMLA Exception