C. Counting Pension Credits for Vesting Purposes

A year of vesting credit is earned for each 1,500 hours of Future Service Pension Credit as defined in Section 5.C. Unlike Credited Service, which cannot be accumulated year over year to achieve vesting, Pension Credit hours may be accumulated for vesting purposes. For example, assume you worked 750 hours in a calendar year and all such hours were in Covered Employment resulting in Plan contributions. That year would not count as a year toward vesting based on Credited Service because you did not earn 1,000 hours of Credited Service. It would, however, count towards vesting based on Pension Credit because you earned one-half of one year of Future Service Pension Credit for that period of employment. If in the next calendar year you again work 750 hours in Covered Employment, by combining the 750 hours of Pension Credit earned in the previous year with the 750 hours of Pension Credit earned in the current year for a total accumulation of 1,500 hours, you will have earned 1 year toward vesting based on your accumulated Pension Credit, even though you earned zero years toward vesting based upon your Credited Service for the same two year period.