Past Service Credit definition

Past Service Credit means (1) benefit accruals for service prior to the Effective Date of this Plan, (2) increases in existing Accrued Benefits resulting from service prior to the Effective Date of a Plan amendment, and (3) benefit accruals for service with another employer.

Past Service Credit means an amount, if any, credited to a Participant’s Retirement Account as described in Section 7.

Past Service Credit means Pension Credit that a Participant could receive pursuant to Section 5.02 or Section 5.09 of the Rules and Regulations.

Examples of Past Service Credit in a sentence

• In addition, the Committee may cause the Company to credit a Past Service Credit to recognize past service as the Committee, in its sole discretion, deems appropriate.

• A Participant’s Past Service Credit under the Plan on and after January 1, 1999, and under the PMA SERP before January 1, 1999, shall be determined as follows.

• Such Basic Company Credit and Past Service Credit, if any, shall be credited to a Participant's Retirement Account and shall be subject to the limitations determined appropriate by the Committee, including the limitation contained in Section 8.3 and the limitations described below in this Section 7.

• Past Service Credit......................................................................................................................................................................................

• If the sum of a Participant’s Past Service Credit under the Plan on and after January 1, 1999, the PMA SERP before January 1, 1999, and such Participant’s years of Benefit Service under the Pension Plan is greater than twenty-five (25), such Participant’s Past Service Credit under the Plan and under the PMA SERP shall be reduced first so that said sum does not exceed twenty-five (25).

More Definitions of Past Service Credit

Past Service Credit means an amount, if any, credited to a Participant's Retirement Account as described in Section 7.

Past Service Credit means each calendar year, prior to the Employee’s first year of Future Service Credit, during which he was a member of the International Union. To the extent required by applicable federal law, military service will also be included in Past Service Credit. Effective December 31, 2009, no further Past Service shall be granted for Severance Benefits. For Purposes of this definition an individual is considered as having become a “member of the International Union” on the first date shown in the membership records of the International Union.‌

Past Service Credit means such credit as is provided under the Plan to a Participant in respect of the Participant’s Past Service.

Past Service Credit means each calendar year, prior to a Retiree’s first Future Service Credit under the Active Plan, during which he was a member of the International Union. For Purposes of this definition an individual is considered as having become a “member of the International Union” upon Grant of Membership to the International Union, which is the date when the individual began to pay Per Capita dues to the International Union, under the rules in existence at the time of admission.‌ To the extent required by applicable federal law, military service will also be included in past service credit. Past Service Credit will not be credited if it was cancelled under the Active Plan at or before Retirement. With respect to the Article III Retiree Health Premium and the Article IV Service Based HCRA Benefits, Past Service Credit includes time as an SMWIA apprentice. No Past Service is awarded for determining benefits under Article VI (Plan B HCRA).

Past Service Credit means a Pension Benefit granted by the Board of Trustees to those Covered Employees who have worked in the Industry prior to their Employer Participation Date. No Past Service Credit is granted after the original Employer Participation Date.

Past Service Credit shall have the meaning set forth in Section 5.4(c).

Past Service Credit has the meaning set forth in Section 10.1(b)(iv).