Pension Plan Document PDF (355 KB)

    

Article I, Section 19

Section 19. Normal Retirement Age. Effective as of January 1, 1998, the term "Normal Retirement Age" as used herein means the later of:

1. the Participant's sixty-fifth (65th) birthday; or
   
   
2. the earlier of:
   
   
   1. the fifth anniversary of the date the Participant commenced his last period of participation in the Plan, disregarding participation before January 1, 1988; or
      
      
   2. for persons becoming Participants on or after January 1, 2003, the fourth anniversary of the date the Participant commenced his last period of participation in the Plan (disregarding participation before January 1, 1988), but only if the Participant has a Qualified Year that is both on or after the year the Participant attains age 60 and during the first four years of the last period of participation or the immediately preceding year; or
      
      
   3. the tenth anniversary of the date the Participant commenced his last period of participation in the Plan; or
      
      
   4. the first day of the month coinciding with or next following the date the Participant earns his fifth Qualified Year (ignoring any Qualified Year forfeited before 1998).
      
      
The term "last period of participation in the Plan" for purposes of this Section shall mean the most recent period of participation unbroken by a Break in Service, provided, however, that a Break in Service shall be ignored for this purpose if the Participant met the vesting requirements of Section 12 of Article IV prior to such Break in Service.