Benefit Service. The maximum years of Benefit Service to earn a full pension under the Plan is thirty (30) years.
Benefit Service. Such Clergyperson shall receive Years of Service for Participation for the period of such uniformed service, provided that immediately prior to such uniformed service he/she was actually accruing benefits under this Plan. No more than five (5) Years of Service for Participation shall be granted under this provision.
Benefit Service. The amount of your pension benefit is based on your years of Benefit Service as an active participant in the Retirement Plan. Benefit Service is determined as follows: Total Compensated Hours in a Calendar Year Benefit Service Service before January 1, 1958 N/A Determined by crediting full years and fractions of a year of six months or more as a full year and disregarding fractions of a year of less than six months. January 1, 1958 through March 31, 1969 N/A Determined by calculating the number of full years and fractions of years of Eligibility Service, rounded to the nearest full month. April 1, 1969 through December 31, 1977 1,500 or more 1,300 but less than 1,500 750 but less than 1,300 350 but less than 750 Less than 350 1 year ¾ of a year ½ of a year ¼ of a year none January 1, 1978 and forward 1,500 or more 1,125 but less than 1,500 750 but less than 1,125 350 but less than 750 Less than 350 1 year ¾ of a year ½ of a year ¼ of a year none (Note that a special rule applied to the short plan year running from June 1, 2004, through December 31, 2004. Please ask for more details.) Hours compensated at overtime or premium rates are counted as straight time hours. You will not receive more than one year of Benefit Service in any calendar year, whether the Benefit Service is granted under this Plan or in combination with Benefit Service from an affiliated Company plan. Benefit Service will be granted for full and part-time union service subject to the limitations noted under Loss, Reduction or Delay of Benefits.
Benefit Service. The term “Benefit Service” shall mean the Participant's years of service used to calculate his or her SERP III benefit, which shall be equal to the sum of his or her Vesting Service plus three (3) more years of service.
Benefit Service. 14 SECTION 2. VESTING SERVICE.......................................... 15
Benefit Service. (A) Benefit Service is the period of Service counted in determining a Member's benefits (subject to Articles IV and V). It is the sum of Membership Service and Prior Service.
(B) Membership Service is the years and months of Service rendered by a Member from his Enrollment Date to the date of termination of his membership, which date shall be the date immediately preceding his applicable Retirement Date. Subject to Article X, a Member shall be credited with one month of Membership Service for each calendar month of enrolled membership during which an Hour of Service is credited.
(C) Prior Service is the years and months of Service rendered by a Member through the day preceding his Employer's Commencement Date, for which his Employer will allow credit on a uniform basis. At the Employer's option and in a uniform and nondiscriminatory manner, an Employer shall have the right to count, as Prior Service under this Subsection (C), any period of Service not otherwise taken into account pursuant to this Article III. Notwithstanding the foregoing, an Employer may, with the consent of the Fund, determine as Prior Service of any Employee a period of his continuous employment with (i) an organization which has been merged or consolidated with, or substantially all the assets of which have been acquired by, the Employer and (ii) the Federal Home Loan Bank Board which preceded employment with such Employer, provided that such determination be uniformly applicable to all continuing Employees who have been employed by such organization and enrolled in the membership of the Fund. An Employer may, upon such terms and conditions as the Fund and the IRS shall approve, provide benefits in respect of any person covered by a prior retirement plan of the Employer which was qualified under Section 401(a) of the IRC and in connection therewith transfer funds from such plan to the Fund so long as such transferred funds are applied so that each Member affected thereby would receive a benefit immediately after the transfer, if the Fund then terminated, at least equal to the benefit he would have received upon the termination of the prior plan immediately before such transfer.
Benefit Service. Benefit Service will include the Participant’s aggregate periods of employment with the Company in a position that the Board has determined is eligible for benefit credit under the Plan (determined in periods of whole months), including periods before the Effective Date of this Plan. The Board has determined that employment in a position on the Company’s Executive Committee will be credited as Benefit Service, including periods before the adoption of the Plan.
