Active Participants

Active Participant means a vested Participant who is credited with a total of at least 2,000 Hours of Service in the 5 Calendar Years immediately preceding his pension starting date ("Annuity Starting Date"), including the Calendar Year in which his Annuity Starting Date occurs (except if a Participant's Annuity Starting Date is January 1, then the Participant must be credited with a total of at least 2,000 Hours of Service in the 5 full prior Calendar Years).

Vesting service in a Plan Year is 1/10th of a year credit for each completed 100 hours of service.

Pension Plan Year is January 1 - December 31

The eligibility requirement is based on all hours which are credited for vesting purposes under the Plan.

Pension Accrual Rates as of January 1, 2016

1 % of required Contrubutions made on your behalf

  • For example: 2000 hours x $8.00 (ER contribution rate) = $16,000 x 1% = $160 added to Participant's pension total.

KEYWORDS & DEFINITIONS