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COMPUTING YOUR BENEFIT How Pension Benefits are Determined Pension Benefits Example

How Pension Benefits are Determined

Your Pension Credits and related benefits are based on the hours you work in Covered Employment.

You earn $9.32 of monthly Normal Retirement Benefit for each year of Past Service credit.

For the rest of your service, your monthly Retirement Benefit earned each Plan Year is determined by your hours worked in the Plan and based upon applicable benefit tables. See Sections V(A)(b) through V(A)(i) of the Plan Document for Pension Credit tables.

For service on and after May 1, 2001, your credit is based on the following table:

Number of Hours of Service in Covered Employment During a Plan Year

Amount of Monthly Future Service Pension for the Plan Years on and after May 1, 2001

1,800 and over

$101.06+.0497 for each hour over 1,800

At least 1,000 but fewer than 1,800

$50.42+.0633 for each hour over 1,000

At least 400 but fewer than 1,000

$10.04+.0673 for each hour over 400

Less than 400

$0.00