1/12 Credit for each month of Past Service
Maximum 15 years prior to:
June 1, 1961 (Inside Wire Agreement)
June 1, 1962 (Motor Shop)
June 1, 1966 (Neon Sign)
One Pension Credit for each 1,500 pension credit Hours and 1/12 Credit for each remaining 125 pension credit Hours.
First day of Plan Year (Calendar Year) that includes the last day of first 12-month period during which the employee has earned 300 Hours of Pension Credit or 500 Hours of Credited Service.
A non-vested Employee incurs a One Year Break in Service in a Plan Year if the Employee fails to complete 500 or more Hours of Credited Service, or fails to earn a total of 300 pension credit Hours in the current and previous Plan Years.
100% Vesting with: