6. HOW IS MY PENSION CALCULATED?

Your benefit amount contains three parts:

1. $6. 00 multiplied by the number of years and fractions of Credited Past Service.
   
2. The applicable Future Service Unit multiplied Credited Future Service earned through July 1, 1982. The Future Service Unit amounts for each Local Union are listed in Article 4.2 of the Pension Plan document.
   
   1. For Local 11, if service is unbroken, Future Service Units are:
      1. $40.45 multiplied by Credited Future Service through 5/31/80
      2. $49.45 multiplied by Credited Future Service for the period 6/01/80 through 1/14/82
      3. $55.95 multiplied by Credited Future Service for the period 1/15/82 through 6/30/82
   2. For Locals 440, 441, and 477, if service is unbroken, Future Service Units are:
      

      Local	Future Service Unit
      440	$43.05
      441	$25.00
      477	$52.05

3. The sum of:

• 2.25% multiplied by Employer Contributions for the period 7/1/82 through 6/30/87, plus
• 2.50% multiplied by Employer Contributions for the period 7/1/87 through 6/30/96, plus
• 2.25% multiplied by Employer Contributions for the period 7/1/96 through 6/30/99, plus
• 2.50% multiplied by Employer Contributions for the period 7/1/99 to through 12/31/03, plus
• 1.45%, or 1.90% if you meet the eligibility requirements for an unreduced and non-deferred Early Retirement Benefit (as defined under paragraphs A and B of Question 5) or a Normal Retirement Benefit (as defined under paragraph D of Question 5), multiplied by Employer Contributions for the period beginning 1/1/04 through retirement.

For example, a monthly benefit for an employee who turns age 55 on July 1, 2007 with 25 Years and 35,000 Hours of Covered Employment is as follows: