C. Future Service Pension Credit Defined

1. Future Service is actual hours worked in Covered Employment under a Collective Bargaining Agreement. You receive Pension Credit for Future Service for such work as follows:
   
   Under an Inside Wiremen Agreement…. on and after June 1, 1961;
   Under a Motor Shop Agreement……….. on and after June 1, 1962;
   Under a Neon Sign Agreement…………. on and after June 1, 1966
   and through Dec. 31, 1996
   
   Pension Credit is also earned when Employer contributions are made to the Plan pursuant to collective bargaining agreements between IBEW Local 6 and either the San Francisco Chronicle and the San Francisco Housing Authority.
   
   One full year of Pension Credit is granted for each 1,500 hours of Covered Employment, and 1/12th of a year granted for each remaining 125 hours of Covered Employment. The total number of years of Future Service Pension Credit is determined at the time of retirement by adding up all of the hours of service in Covered Employment and dividing by 1,500. Therefore, a Participant who earns more than 1,500 hours of Covered Employment in a year may earn greater than one year of Pension Credit in that year.


2. Alumni Subscription Agreements: Alumni employees of IBEW Local 6 and/or the San Francisco Electrical JATC, and other alumni employees working under Subscription Agreements, are entitled to Pension Credit to the same extent as are Employees under the Inside Wiremen Agreement based on contributions made by their Employers, the Union or JATC, on their behalf pursuant to a Subscription Agreement.


3. Future Service Pension Credit for Long-Term Disability. Should you collect long term disability benefits under the San Francisco Electrical Workers Health and Welfare Trust, that Trust will contribute $31.25 per month (or the appropriate prorated amount for disability periods of less than one month) on your behalf until you turn 65 or retire under an IBEW affiliated pension plan (including this Plan). For each dollar of such contributions, you will receive 4 hours of Future Service Pension Credit. This is equivalent to 125 hours for each full month (or 1/12th of Future Service Pension Credit), and 1,500 hours (or 1 Future Service Pension Credit), for each full year of Long Term Disability contributions. For the pension benefit that you accrue based on contributions that are made on your behalf to this Plan due to your long term disability, see Section 8.D.
   


4. Pension Credit for Service in the Military or other Qualifying Uniformed Service. Pursuant to the Uniformed Service Employment and Re-employment Rights Act of 1994 (USERRA) service in the U.S. Armed Forces (and other qualifying uniformed services of the United States) is considered Covered Employment for which, on or after December 12, 1994, you will receive Pension Credit under the Plan, provided that you comply with all of the requirements of applicable federal law, the Plan, and any rules established by the Board of Trustees. This Plan provides Pension Credit only for uniformed service, which is protected under USERRA, upon a bona fide return to Covered Employment following such service.
   
   In order to determine whether you have satisfied the return to work time limits upon return to civilian life, the Plan Office will require documentation of the dates and satisfactory completion of service. This may include Form DD-214 (separation papers), a copy of the endorsed order, or a letter from the commanding officer specifying the dates and character of services.
   
   Effective as of December 12, 1994, you will receive Pension Credit for your period of uniformed service if you are honorably discharged and return to civilian employment with a contributing employer:
   
   1. within 1 day following completion of less than 30 days of service;
   2. within 14 days following completion of more than 30 days, but less than 90 days, of service; or
   3. within 90 days following completion of more than 90 days of service.
      
      In determining the Pension Credit hours to which you are entitled, the Plan will calculate the Employer contributions that were made to the Plan on your behalf for hours qualifying as Pension Credit hours during the consecutive 12 month period in which the highest number of hours were reported during the 24 month period immediately preceding the date you commenced USERRA protected service, or if greater, by using the Plan Year in which you entered the Uniformed Services. Such credit will be granted for no more than five (5) years of uniformed service (with certain exceptions), and will not be credited to you until you satisfy the return to work requirements set forth above.
   
   
   4. Hours for Which Pension Credit is Not Granted. You do not receive Pension Credit for Future Service for:
      1. any hours you do not work in Covered Employment; or
      2. hours for which your Employer has not been required to contribute to this Plan under a Collective Bargaining Agreement (unless the Employer contributions were transferred to this Plan pursuant to a reciprocal agreement); or
      3. hours during which you are not employed, other than periods represented by contributions to the Plan while you collect long-term disability benefits under the San Francisco Electrical Workers Health and Welfare Trust, or USERRA qualifying military service when there is a bona fide return from military service as required by USERRA (see paragraph 4, above); or
      4. any hours of Pension Credit which have been cancelled by a Permanent Break in Service.
      Note: On Plan termination, the Pension Benefit Guaranty Corporation may disallow certain Pension Credit if Plan assets are insufficient to provide all of the benefits set forth in this Plan. (See Section 17 below).