Examples of Credited Service in a sentence
If he has completed at least twenty-five (25) years of Credited Service and retires after the age of sixty (60) years, no reduction; or Early Retirement Benefit (cont’d ) (c) If he has completed less than twenty-five (25)years of Credited Service, three tenths (3/ 10) of 1 percent for each full month that the date such benefit is to commence precedes his Normal Retirement Date.
Credited Service All service as a member plus certain claimed and purchased service.
A year of Credited Service equals or more compensated hours during a calendar year.
For Northern Utilities Union and Granite State Union, early retirement benefits are available for a participant who has attained the age of fifty-five(55) years and completed ten (10) or more years of Credited Service.
Xxxxxx Date of Hire Canada Midland Elevator Your Summary Plan Description Plan for Hourly Wage Employees THE KEY TO YOUR FINANCIAL SECURITY Effective March Appendix SUMMARY OF THE PENSION PLAN FOR HOURLY EMPLOYEES -CANADA- Appendix No. Midland, Ontario (Midland Elevator) HIGHLIGHTS Membership: Benefit Level: Credited Service: Monthly Pension Formula: Vested Pension Normal Retirement: Early Retirement: Forms of Pension Payment: You become a member after one year of service.