Vesting

When Do I Become Vested?

Effective July 1, 1998, you will be vested in the Pension Plan if you have 5 Years of Vesting Service, with at least one hour of service worked on or after July 1, 1998, which have not been canceled because of a break in service. Once you become vested, you are entitled to receive a benefit from the Plan at age 65.

Prior to July 1, 1998, you become vested in the Plan after completing 10 Years of Vesting Service which were not canceled due to a permanent break in service.

You will also become Vested if you reach “Normal Retirement Age” while you are an active participant. “Normal Retirement Age” is the later of age 65 or the fifth anniversary of the date you became a participant in the Plan.”