Eligibility for Benefits
When am I eligible for a Deferred Vested Retirement Pension?

If you complete an Hour of Service on or after September 1, 1997 and thereafter terminate your Covered Employment, you are entitled to a Deferred Vested Retirement Pension if you have at least five (5) years of Credited Service (at least two (2) of which are Future Service) when you terminate your Covered Employment Your Deferred Vested Retirement Pension is equal to the benefit you earned as of your termination date.

Monthly pension benefits will begin on the first day of the month following your Normal Retirement Age. Alternatively, if you completed the amount of Credited Service needed to qualify for an Early Retirement Pension at the time you left Covered Employment, you may elect to receive the Deferred Vested Retirement Pension as early as age 55 (age 62, prior to January, 2000).If your Deferred Vested Retirement payments begin before your Normal Retirement Age, your benefit will be reduced in the same manner as specified for Early Retirement.

Does the Plan provide any cost-of-living adjustments?

The Trustees and Contributing Employers provide certain increases to pensionersí and beneficiariesí benefits when it has been determined that an increase in the cost-of-living has had a negative impact on pension benefits. The most recent adjustment was made effective January 1, 2000. This increase raised monthly benefit payments by 10%, with a minimum guaranteed monthly benefit equal to $100.00. You will be notified whenever your benefit payment is subject to a cost-of-living adjustment.