B. Neon Sign Benefits
The Neon Sign Agreement was in effect between June 1, 1966 and December 31, 1996. During that time, a year of Pension Credit was granted for each 1,500 hours of Pension Credit, and a month of Pension Credit was granted for each 125 hours of Pension Credit.
The following represents the benefits payable for retirements occurring on or after January 1, 1984, unless they were frozen at a prior level as a result of a Separation from Employment.
NEON SIGN BENEFITS TABLE |
RETIREMENTS ON OR AFTER |
$ PER PENSION CREDIT/ MINIMUM PENSION CREDIT HOURS REQUIREMENT |
| 01.01.84 |
$17.50 |
| 01.01.85 |
$18.00 – Requires at least 2,000 hours after 6/1/81 |
| 01.01.87 |
$24.00 – Requires at least 2,000 hours after 6/1/83 |
| 01.01.90 |
$40.00 – Requires at least 2,000 hours after 6/1/86 |
| 01.01.91 |
$44.00 – Requires at least 2,000 hours after 6/1/87 |
| 01.01.93 |
$49.00 – Requires at least 2,000 hours after 6/1/89 |
| 01.01.94 |
$51.00 – Requires at least 2,000 hours after 6/1/90 |
| 01.01.96 |
$55.00 – Requires at least 2,000 hours after 6/1/92 |
| 01.01.97 |
$60.00 – Requires at least 2,000 hours after 6/1/93 |
| 01.01.98 |
$68.00 – Requires at least 2,000 hours after 6/1/94 |
| 01.01.00 |
$85.00 – Requires at least 2,000 hours after 6/1/96 |
01.01.01 |
$90.00 – Requires at least 2,000 hours after 6/1/97 |
If you have experienced a Separation From Employment as defined in Subsection E below, you should refer to Appendix A to determine the applicable benefit level(s) that applies based on the date of your of Separation from Employment.
|
