Daily Follow the same procedure for each contribution rate. Hourly contribution rate Monthly normal If you do not earn a full year of service credit in any calendar year, contribution (not including con- pension benefit for you will receive a prorated amount based on the months of future rate tributions required each year of future by the RP) service credit service you earned. 4.75 38.00 245.97 Contribu- Your Years of Monthly Future Accumulated 4.80 38.40 247.80 tion Rate Future Service Service Benefit Future Service Credit at Value Benefit 4.85 38.80 249.62 that Rate 4.90 39.20 251.45 _____ _____ x $_____ = $_____ 4.95 39.60 253.28 _____ _____ x $_____ = $_____ 5.00 40.00 255.10 _____ _____ x $_____ = $_____ 5.05 40.40 256.93 _____ _____ x $_____ = $_____ 5.10 40.80 258.75 _____ _____ x $_____ = $_____ 5.15 41.20 260.58 Total Future Service Benefit $_____ 5.20 41.60 262.41 (add figures in final column) 5.25 42.00 264.23 5.30 42.40 265.91 5.35 42.80 267.60 Hourly Daily Monthly normal pension 5.40 43.20 269.28 contribution contribution benefit for each year of rate rate future service credit 5.45 43.60 270.96 $0.10 $0.80 $6.76 5.50 44.00 272.65 0.15 1.20 10.15 5.55 44.40 274.33 0.20 1.60 13.52 5.60 44.80 276.01 0.25 2.00 17.06 5.65 45.20 277.70 0.30 2.40 20.59 5.70 45.60 279.38 0.35 2.80 24.14 5.75 46.00 281.06 0.40 3.20 27.68 5.80 46.40 282.74 0.45 3.60 31.21 5.85 46.80 284.43 0.50 4.00 34.74 5.90 47.20 286.11 0.55 4.40 38.27 5.95 47.60 287.79 0.60 4.80 41.81 6.00 48.00 289.48 0.65 5.20 44.46 TABLE FIVE 0.70 5.60 47.10 DETERMINING YOUR FUTURE SERVICE BENEFIT 0.75 6.00 49.76 0.80 6.40 52.40 Use this table if the latest calendar year for which you have 600 0.85 6.80 54.69 hours of service is 1993. 0.90 7.20 57.02 To determine your future service benefit, first find your employ- 0.95 7.60 59.31 er’s hourly or daily contribution rate. To the right of that rate is the 1.00 8.00 61.62 corresponding benefit value. Multiply that value by your years of 1.05 8.40 63.54 future service credit at that rate. SUMMARY PLAN DESCRIPTION 2023 // 53