- Active Health
- Retiree Health
- DB Pension
- DC Pension
- SUB Plan
Credited Future Service is expressed in years and partial years. A Participant earns 1/1500th of one (1) year of Future Service for each hour of covered employment.
For each complete month of applicable military service, a Participant earns the greater of:
For each day in a partial month of military service, a Participant earns 8 hours, up to 125 hours.
Credited Past Service is expressed in years and partial years and is provided to Participants for certain service worked prior to their Local Union's Entry Date as shown below:
|Local Union||Entry Date|
|IBEW Local 11||July 1, 1964|
|IBEW Local 477||March 6, 1967|
|IBEW Local 440||January 1, 1971|
|IBEW Local 441||March 1, 1971|
|IBEW Local 447||July 1, 1971|
A Participant earns one-fourth of one (1) year of Credited Past Service for each calendar quarter of employment which would have been covered employment had a contribution agreement been in effect during the period January 1, 1942 to the participant's Local Union's Entry Date. A Participant can earn up to 15 years of Credited Past Service.
Credited Service or Total Credited Service is the sum of Credited Future Service and Credited Past Service which has not been forfeited.
Credited Vesting Service is expressed in completed years. A Participant earns one (1) year of Credited Vesting Service for each Plan Year during which the participant works 750 or more Vesting Hours.
Vesting Hours are:
If the Participant died on or after January 1, 2007 while performing qualified military service, the Participant will receive Credited Vesting Service for the period of qualified military service.