7. WHAT IS THE EARLY RETIREMENT DATE?

Your early retirement date is the first day of the month coinciding with or next following the date you meet the Plan’s early retirement eligibility requirements:

You will be eligible for early retirement if you satisfy A or B below:

1. you  have begun to receive early retirement benefits under the Southern California IBEW-NECA  Pension Plan, or
2. if you are not a Participant in the Southern California IBEW-NECA  Pension Plan, you have reached age 55 and earned 15,000 covered hours under the Southern California IBEW-NECA Defined Contribution Plan.