Hourly Daily Monthly normal pension Contribu- Your Years of Monthly Future Accumulated contribution contribution benefit for each year of tion Rate Future Service Service Benefit Future Service rate rate future service credit Credit at Value Benefit that Rate 6.05 48.40 320.28 _____ _____ x $_____ = $_____ 6.10 48.80 322.13 _____ _____ x $_____ = $_____ 6.15 49.20 323.98 _____ _____ x $_____ = $_____ 6.20 49.60 325.83 _____ _____ x $_____ = $_____ 6.25 50.00 327.68 _____ _____ x $_____ = $_____ 6.30 50.40 329.53 Total Future Service Benefit $_____ 6.35 50.80 331.38 (add figures in final column) 6.40 51.20 333.23 6.45 51.60 335.08 Daily 6.50 52.00 336.93 Hourly contribution rate Monthly normal 6.55 52.40 338.78 contribution (not including con- pension benefit for rate tributions required each year of future 6.60 52.80 340.63 by the RP) service credit 6.65 53.20 342.48 $0.10 $0.80 $7.44 6.70 53.60 344.33 0.15 1.20 11.17 6.75 54.00 346.18 0.20 1.60 14.87 6.80 54.40 348.03 0.25 2.00 18.77 6.85 54.80 349.88 0.30 2.40 22.65 6.90 55.20 351.73 0.35 2.80 26.55 6.95 55.60 353.58 0.40 3.20 30.45 7.00 56.00 355.43 0.45 3.60 34.33 TABLE FOUR 0.50 4.00 38.21 0.55 4.40 42.10 DETERMINING YOUR FUTURE SERVICE BENEFIT 0.60 4.80 45.99 Use this table if the latest calendar year for which you have 600 0.65 5.20 48.91 hours of service is 1996. 0.70 5.60 51.81 To determine your future service benefit, first find your employ- 0.75 6.00 54.74 er’s hourly or daily contribution rate (not including contributions 0.80 6.40 57.64 required by the RP). To the right of that rate is the corresponding 0.85 6.80 60.16 benefit value. Multiply that value by your years of future service 0.90 7.20 62.72 credit at that rate. Follow the same procedure for each contribution rate. 0.95 7.60 65.24 1.00 8.00 67.78 If you do not earn a full year of service credit in any calendar year, 1.05 8.40 69.89 you will receive a prorated amount based on the months of future 1.10 8.80 72.01 service you earned. 1.15 9.20 74.91 1.20 9.60 78.00 SUMMARY PLAN DESCRIPTION 2023 // 51