TABLE OF CONTENTS About the National Pension Fund .......................................4 You’re in Good Company .................................................................................. 4 Some Highlights of the National Pension Fund ..............................................4 › Fund Administration ............................................................................... 4 › Prior Plans................................................................................................ 4 › Annual Statements ................................................................................. 4 › The National Pension Fund Website ......................................................5 › You Have Questions, We Have Answers.................................................5 Who Can Participate in the National Pension Fund? ...........5 What is the Fund’s Rehabilitation Plan (RP)? ......................6 Summary of Benefit Changes Under the Rehabilitation Plan ........................6 Grandfathered Participant ................................................................................ 7 When Do You Become a Fund Participant? ..........................7 Hours of Service ................................................................................................ 7 Covered Employment ....................................................................................... 7 Periods of Military Service................................................................................. 7 How Does the Time You Work Count? .................................8 Vesting Service .................................................................................................. 8 › How You Earn Vesting Service ................................................................8 Credited Service ................................................................................................ 8 › Future Service Credit ............................................................................... 8 › Past Service Credit ................................................................................... 9 › How You May Earn Past Service Credit ...................................................9 › If Past Service Credit Was Granted, When Do You Qualify for It? ..........9 › When Past Service Credit Can Be Denied or Canceled ..........................9 › When You Can Lose Vesting Service or Credited Service ....................10 › What Is a Permanent Break in Service?................................................10 You’re Thinking About Retiring — How Much Will Your Pension Benefit Be? ..............................................10 Actuarial Present Value ...................................................................................10 Normal Pension...............................................................................................10 › Amount of Your Normal Pension..........................................................11 › Non-Standard Groups ...........................................................................12 Early Retirement Pension ...............................................................................13 › Amount of Your Early Retirement Pension ..........................................13 › Amount of Early Retirement Pension for Participants Covered by the Preferred Schedule ....................................................................14 › Amount of Early Retirement Pension for Participants Covered by the Default Schedule .......................................................................14 › Early Retirement Pension for Grandfathered Participants ..................15 30 and Out Pension ........................................................................................15 › Preferred Schedule ...............................................................................15 › Default Schedule ...................................................................................16 › Grandfathered Participants. ..................................................................16 Eligibility for 20 and Age 62 Pension 30 and Out Pension ..........................16 Special Negotiated Benefits ...........................................................................17 Disability Pension ............................................................................................17 › Definition of Total and Permanent Disability .......................................17 › Amount of Disability Pension for Participants Covered Under the Preferred Schedule ..............................................................17 › Amount of Disability Pension for Participants Covered Under the Default Schedule .................................................................18