2. WHAT ARE CREDITED FUTURE SERVICE, CREDITED PAST SERVICE, CREDITED SERVICE (TOTAL CREDITED SERVICE) AND CREDITED VESTING SERVICE?

Credited Future Service is expressed in years and partial years. A participant earns 1/1500th of one year of Future Service for each hour of covered employment. A Participant earns the greater of 125 hours or the average monthly hours worked in the twelve months prior to the Participant’s commencement of military service for each completed month of applicable military service and 8 hours per day (up to 125 hours) for each additional partial month of military service.

Credited Past Service is expressed in years and partial years and is provided to participants for certain service worked prior to their Local Union’s Entry Date as shown below:

A Participant earns one-fourth of one year of Credited Past Service for each calendar quarter of employment which would have been covered employment had a contribution agreement been in effect during the period January 1, 1942 to his Local Union’s Entry Date but not more than 15 years.

Credited Service or Total Credited Service is the sum of Credited Future Service and Credited Past Service, which has not been forfeited.

Credited Vesting Service is expressed in completed years. A participant earns one year of Credited Vesting Service for each Plan Year during which he works 750 or more Vesting Hours. Vesting Hours are Covered Hours, hours credited while on disability, hours worked in Uncovered Vesting Employment (See Article 1.29 of the Plan), and hours credited for military service.