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Defined BENEFIT Pension Plan Plan Document ARTICLE 12SPECIAL PROVISIONS 12.1 The provisions of Article 12 shall apply only to Participants who were covered under this Plan on July 1, 1976. 12.2 Retirement Date. The Normal Retirement Date for said Participant shall be the earlier of (a) or (b) as follows:
12.3 Normal Pension Benefit. The Normal Pension Benefit for said Participant shall be the greater of (a) or (b), as follows:
12.4 Vested Benefit on Termination of Coverage.
12.5 Disability Benefit. The commencement date for monthly disability benefit payments or said Participant, who was a Covered Employee on July 1, 1976, shall be determined as of the earlier of (a) or (b) as follows:
12.6 Contributions Made to the Plan Under a Salting Agreement. Any and all contributions transmitted to the Pension Trust Fund pursuant to a duly executed Salting Agreement between the Participant and a sponsoring IBEW Local Union to this Plan or any other Related IBEW Local Union shall be accepted by the Trustees and benefits shall be accrued under the Plan by the Participant on whose behalf such contributions were made. Services or employment performed by a Participant pursuant to a duly executed Salting Agreement shall not constitute Non-Covered Electrical Employment as described in Section 1.16. No grace period shall be applied during any period in which a Participant was working under a duly executed Salting Agreement. This section added by: Amendment 11.
12.7 All provisions of this Article are subject to the limitations and restrictions of Article 18 which govern benefits first commencing on and after October 28, 2009. |
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