You become a Participant in the Plan on the earliest January 1 or July 1 after you:

• Complete a 12-month period as an Employee; and

• Work at least 500 Hours of Work during that time.

• You will cease to be a Participant as of the last day of the calendar year in which you incurred a one year break in service. Your participation will be reinstated retroactively as of your reemployment commencement date if you complete a 12-consecutive month period during which you complete at least 500 Hours of Work.

Vesting Service

• Vesting Service determines your right to a pension.

• Generally, you earn one Year of Vesting Service for each calendar year during the Contribution Period in which you complete at least 500 Hours of Work.

• You earn a right to a pension benefit once you are “vested” in the Plan. You become vested once you complete 5 Years of Vesting Service (or reach Normal Retirement Age, if earlier).

Pension Credits

• Pension Credits are used to determine the amount of your pension benefit and your eligibility for certain types of pension benefits.

• Generally, you earn one Pension Credit for each calendar year in which you complete at least 500 Hours of Work in Covered Employment.

• A Regular Pension is available as early as age 62 with 10 Pension Credits, if you meet all eligibility standards as described on page 18.

• An Early Retirement Pension is available as early as age 55 with 10 Pension Credits if you meet the other requirements for an Early Retirement Pension as described on
  page 21.

• A Deferred Pension is generally available at Normal Retirement Age if you leave Covered Employment and you are vested. A Deferred Pension may be taken as early as age 55 if you satisfy the requirements for an Early Retirement Pension, as described on page 21.

• If you become totally and permanently disabled, you may qualify for a Disability Pension if you have at least 5 Pension Credits, worked in Covered Employment for at least 500 hours in the calendar year you became disabled or the preceding calendar year, and are totally and permanently disabled as described on page 24.

• The applicable benefit rate, your period of employment, and your Employer contributions determine the amount of your pension benefit.

• If you are not married, your pension is generally paid as a Single Life Pension.

• If you are married, your pension is generally paid as a 50% Participant and Spouse Pension; however, you may elect a 75% Participant and Spouse Pension or an optional form of payment with your spouse’s consent.

• The Plan also offers an optional Lump Sum Readjustment Allowance and Level Income Option forms of payment. Please refer to page 32.

• If the total value of your benefit is $5,000 or less, your benefit will be paid as a Lump Sum Payment.

• If you die before your pension payments begin, your spouse or beneficiary may be eligible for a Pre-Retirement Surviving Spouse Pension and/or Pre-Retirement Death Benefit.

• If you die after your pension payments begin and you were receiving your pension in the form of a:

• Single Life Pension, Single Life Pension and Lump Sum Readjustment Allowance, or Single Life Pension and Level Income Option, no further benefits are paid.

• 50% or 75% Participant and Spouse Pension or 50% or 75% Participant and Spouse Pension and Lump Sum Readjustment Allowance, your surviving spouse receives 50% or 75%, as applicable, of your monthly pension for the rest of his or her life.

• 50% or 75% Participant and Spouse Pension and Level Income Option, your spouse will receive 50% or 75% as applicable of your original (before the adjustment for the Level Income Option) monthly pension for the rest of his or her life.

• Lump Sum Payment (if the value of your benefit was less than $5,000), no further benefits are payable.

• Your spouse or beneficiary may also be eligible for a post-retirement death benefit.