your date of death or disability will be treated as covered employ- ment for purposes of credited or vesting service. If you are the beneficiary of a participant who dies as a result of qualified military service and you are entitled to a 60-payment pre- retirement death benefit, the benefit will be based on service as if the participant was reemployed on the day preceding the date of death and terminated employment on the date of death. HOW DOES THE TIME YOU WORK COUNT? The time you work counts in several important ways. It determines CREDITED SERVICE when you become entitled to receive a pension from the Fund. It also helps to determine the amount of your pension. Credited service helps to determine the amount of your pension Your working time is counted in two distinct ways: vesting service and your eligibility for some types of pensions. It is based on the and credited service. years of your employment recognized under the Fund. In some cases, this includes years before your employer was required to VESTING SERVICE make contributions to the Fund on your behalf. Vesting service determines your right to a benefit from the Na- Credited service is not based on union membership. tional Pension Fund. To be vested in the Fund means you have a There are two types of credited service: future service credit and non-forfeitable right to a pension from the Fund. past service credit. If you have at least one hour of service in the National Pension Future Service Credit Fund on or after January 1, 1991, you will be vested in the Fund You earn future service credit for hours of service in covered em- when you have five years of vesting service or five years of future ployment on and after the date your employer is first required to service credit. See below for descriptions of how you earn vesting make contributions to the Fund on your behalf. See page 7 for a service and future service credit. definition of hours of service and covered employment. If you do not have at least one hour of service in the National Pen- On and after January 1, 1991, you earn future service credit as sion Fund on or after January 1, 1991, you may be vested under shown on this chart: the prior plan. Refer to your prior plan SPD for details. How You Earn Vesting Service Hours of service in a year You earn a year of vesting service in the National Pension Fund for for which contributions Months of future service credit each calendar year beginning with 1991 in which you complete are required to be made you earn at least 600 hours of service for which contributions are payable on your behalf to the Fund on your behalf. During the calendar year in which the employer first makes contributions on your behalf, all periods Less than 600 0 of employment will count in determining your vesting service 600 5 — without regard to the exact date the employer is obligated to 601-770 6 begin contributions. You also earn vesting service for periods of employment with the 771-940 7 contributing employer that counted for vesting under a predecessor 941-1,110 8 plan. A predecessor plan is a retirement plan that was maintained by 1,111-1,280 9 your employer prior to the date that employer became a contribut- 1,281-1,450 10 ing employer to the IAM National Pension Fund. 1,451-1,600 11 For vesting service before 1991, refer to your prior plan SPD. 1,601 and over 12 \\ How Does the Time You Work Count? 8