Pension Summary Plan Description

C.2 Qualified Retirement for Benefits Accrued Before January 1, 2012

The benefits described in this Section C.2 are calculated based on Section 5, including prior accrual rates applicable under Appendix H.

If you both attained age 60 and met the service requirements specified in Subsection (a) and (b) of this Section C.2 on or before December 31, 2011, you are entitled to receive the amount of your Normal Retirement Benefit earned on or before December 31, 2011 as an Unreduced Benefit. The service requirements are:

  1. At least 1,500 Contributory Hours in either the consecutive 3-Plan Year period after reaching age 49 or the 36 months immediately after reaching age 49 and prior to your Retirement Date and,
  2. At least:
    1. 20,000 Contributory Hours, 10,000 of which are earned after June 30, 1990, or
    2. 10 years of Contributory Years of Service, 5 of which are earned after June 30, 1990.

If you qualify for this Unreduced Qualified Retirement Benefit may elect to receive the Unreduced Benefit for the amount of your Normal Retirement Benefit earned on or before December 31, 2011 as of a Retirement Date before or after December 31, 2011.