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 Home Pension  Calculating Your Benefit

Calculating Your Benefit - Normal Retirement

Your normal retirement age is 58.   To be eligible for normal retirement at that age, you must also have fulfilled one of the following conditions:

  • You must be vested in the Plan
  • You must have reached the 5th anniversary of your participation in the Plan and are not currently terminated from the Plan

Your Plan participation date is the first day of the month in which contributions are made or owed to the Plan on your behalf.  If you were a participant before January 1, 1976 and you participated continuously before that date, your participation date is the first day of the month in which contributions were first made on your behalf.  If your participation terminates and you later return to the Plan, your participation date is the date on which employer contributions on your behalf are resumed, unless the credited service for your prior period of participation is reinstated.  If your prior credited service is reinstated, your participation date is the same as before your termination.

For further details, please review the Summary Plan Description.

 

 

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