To earn a full year of future service credit in any calendar year, you mation on past service credit. All years of past service credit will be must have at least 1,601 hours of service. To earn a partial year, you verified when you apply for a pension. must have at least 600 hours of service. Eligible past employment includes: › Employment at a location and in a job classification FOR EXAMPLE covered by a collective bargaining agreement between John’s employer was an IAM lodge and an employer that later becomes a Hours of Months of required to make contri- contributing employer or in a job classification later Years service credit butions to the Fund on covered in a written participation agreement approved John’s behalf beginning by the Trustees. 2007 1,200 9 in March 2007. As John › Employment that, although not covered by an IAM 2008 1,500 11 continues working for a collective bargaining agreement, was performed in a job 2009 2,080 12 contributing employer, classification and at a place of business, both of which 2010 2,080 12 his annual hours of were later covered by a collective bargaining agreement service translate into between the lodge and that employer. 2011 1,500 11 months of future service › Employment with an employer that went out of busi- 2012 1,850 12 credit as reflected in ness and was taken over by a contributing employer, or 2013 2,080 12 this chart: employment in any comparable situations, if approved 2014 1,600 11 John has 126 months, or by the Trustees, may also be considered eligible past 2015 2,080 12 10 years and six months employment. 2016 2,080 12 of future service credit. Past service credit is also granted for eligible military service if you 2017 1,850 12 left eligible past employment to enter military service and, upon Total 126 your release from the service, you applied for and obtained work in eligible Covered Employment. If Past Service Credit Was Granted, When Do You If you were working in covered employment before 1991, you Qualify for It? earned future service credit for each year as provided by your If past service credit was granted at the time of your employer’s prior plan. See your prior plan SPD for more information. acceptance in the Fund, you qualify for it once you have 600 hours of service in any Fund year beginning 1995 or later. Past Service Credit If you do not meet this service requirement, you will qualify for past ser- If your employer became a contributing employer prior to April 1, vice credit — if any was granted — once you complete at least 60 months 2003, you may be eligible for past service credit for time you worked of future service credit. However, if you do not meet either of these for an employer that later became a contributing employer. In some conditions, you may still be eligible for past service credit if you satisfy cases, the Trustees determined that past service credit was limited or the three-year test rule requirement: that is, if you worked at least 135 not granted at all, based on the age and service of the employees at days in eligible past employment in each of the three calendar years the time of initial participation. preceding the calendar year of your employer’s contribution date. Past service credit is not available to new groups who joined the When Past Service Credit Can Be Denied or Canceled Fund on or after April 1, 2003. Past service credit can be denied, limited, or canceled for any of the How You May Earn Past Service Credit following reasons: If the date on which your employer first started contributing to the › You have a permanent break in service. See “What Is a Fund is in 1991 or later, but not after April 1, 2003, you may earn one Permanent Break in Service?” on page 10. year of past service credit for each year you worked at least 135 days in › You did not work at least 135 days in eligible past employ- eligible past employment for an employer that became a contributing ment in any period of five consecutive calendar years. If employer. this applies to you, you will not receive past service credit If your employer first started contributing to the Fund on your behalf for any employment before the five-year period. before January 1, 1991, please refer to your prior plan SPD for infor- SUMMARY PLAN DESCRIPTION 2023 // 9