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For Information on how Service Credit was earned prior to 1976, please contact the Pension Fund Office or refer to your Summary Plan Description booklet.

How was Pension Credit earned from 1976 through 1988?
From 1976 through 1988, you are entitled to ¼ Year of Pension Credit for each 250 hours of work in Covered Employment. The hours are not restricted to a calendar quarter. For example, if you work in Covered Employment for only 250 hours in a calendar year, you will still earn ¼ Year of Pension Credit for that calendar year. The Pension Credit schedule for work in Covered Employment between January 1, 1976 and December 31, 1988 is shown below:
 
If Your Hours of Work in        
Covered Employment              
in Calendar Year                      
 
     Years of Pension Credit
Less than 250 hours
0
250 but less than 500 hours
¼
500 but less than 750 hours
½
750 but less than 1,000 hours
¾
1,000 or more hours
1
 
How is Pension Credit earned from 1989 through the present?
Beginning in 1989, you can earn extra Pension Credit if you work more than 1,500 hours in Covered Employment during any calendar year. The Pension Credit schedule for work in Covered Employment on and after January 1, 1989 is as follows:
 
Hours of Work in Covered Employment in Calendar Year
 
 
Years of Pension Credit
Less than 250 hours
0
250 but less than 500 hours
¼
500 but less than 750 hours
½
750 but less than 1,000 hours
¾
1,000 but less than 1,500 hours
1
1,500 but less than 1,750 hours
1,750 or more
 
It is important to understand that, although you may earn more than one Year of Pension Credit per calendar year, you may only earn a maximum of one Year of Vesting Service. The additional Pension Credit will be included when your pension benefit amount is calculated.
 
Are There Any Circumstances Under Which I May Earn Years of Pension Credit Although I Am Not Employed?
Yes. You may earn credit during certain periods of disability and military service, as described in the following sections.
Credit for Certain Periods of Disability
Effective January 1, 1976, you may receive credit for four (4) hours of work in Covered Employment for each day during which you are unable to work in Covered Employment as the result of Disability (up to 28 hours per week for a maximum of 52 continuous weeks of disability) provided that you are eligible for and receive the Weekly Benefit for Illness or Injury from the Chicago Regional Council of Carpenters Welfare Fund. If you are eligible for such benefits from the Welfare Fund but are receiving Workers’ Compensation or Occupational Disease Act benefits for your disability, you may also receive credit for these hours of work in Covered Employment.
Before January 1, 1976, pension credit was also granted for certain periods of disability. However, such credit was granted in a different way. For more detailed information, contact the Fund Office.
 
Credit for Certain Periods of Military Service
You may also earn Pension Credit during periods of military service that meet the requirements of the Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994.
 
You will only be eligible to receive Military Service Credit if you are available for Covered Employment within ninety (90) days after discharge or within ninety (90) days after recovering from a military service connected disability.
 
Before January 1, 2003, pension credit was also granted for certain periods of military service. However, such credit was granted in a different way. For more detailed information contact the Fund Office.
 
What Is the Maximum Number of Pension Credits That Are Used in Calculating a Pension Benefit?
The year in which you last earned Pension Credit determines the maximum Years of Pension Credit that can be used in calculating your pension or death benefit. If you have a three-year Break in Service on or after January 1, 1983, Years of Pension Credit earned before the three-year Break in Service is limited to the maximum Years of Pension Credit in effect at the start of the Break period, as shown in the following schedule:
 
If the Date When You Last Earned Pension Credit Falls in:
Maximum Years of Pension Credit for Benefit Calculation Purposes
1982 or before
25
1983
26
1984
27
1985
28
1986
29
1987
30
1988
35
January 1, 1989 to June 30, 1989
35
July 1, 1989 to June 30, 1991
40
On and after July 1, 1991
Unlimited
  
What Are Years of Vesting Service?
Another way of measuring your employment with a contributing Employer is in Years of Vesting Service. Eligibility for most pensions under the Plan is based on your Years of Vesting Service. Currently, you generally must have at least five Years of Vesting Service to be eligible for most pensions.
 
How Do I Earn Years of Vesting Service?
You will earn one Year of Vesting Service for each calendar year during which you complete 1,000 hours of service. An hour of service is each hour for which you work and are paid or entitled to be paid by your employer.
 
The manner in which you earn Years of Vesting Service is different for periods before 1976. For more detailed information, contact the Pension Fund Office or consult your Summary Plan Description booklet.
 
Can I Earn Fractional Years of Vesting Service?
No. Years of Vesting Service are earned in full years only.  However, if you have more Years of Pension Credit than Years of Vesting Service because your Years of Pension Credit were earned in fractional years, your vesting service record will be adjusted to equal your full Years of Pension Credit.
 
Example 1: Joe Jones has the following employment history:

 
Hours of Work in a Calendar Year
Years of Pension Credit
Years of Vesting Service
Year 1
1,200
1
1
Year 2
1,050
1
1
Year 3
875
¾
0
Year 4
540
½
0
Initial Totals
2
Vesting Service Adjusted Total
3

 
In the initial totals, you can see that Joe’s Years of Vesting Service are less than his Years of Pension Credit. Therefore, Joe’s Vesting Service record will be automatically adjusted to show 3 Years of Vesting Service, which equals his full Years of Pension Credit.
 
Can I Earn More than One Year of Vesting Service per Calendar Year?

No. If, after January 1, 1989, if you work 1,500 hours or more in a calendar year and earn more than one Year of Pension Credit during that calendar year, you will still only be entitled to one Year of Vesting Service for that calendar year.

 

If a Maximum of One Year of Vesting Service Can be Earned in a Calendar Year, What is the Advantage of Earning More than One Year of Pension Credit per Calendar Year?
The additional Pension Credit will be included when your pension benefit amount is calculated.

 

 
 

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