Chapter: Qualified Years Section: Credited Week
Credited Week
Before March 31, 1960. For periods before March 31,
1960, a Credited Week is a week of employment for which a participating Employer
would have been required to make a contribution to this Plan had the Plan been
in effect at that time. Credited Weeks before March 31, 1960, are based on a
Participant’s Covered Earnings in accordance with the following schedule:
|
Plan Year
|
Covered Earnings Required for One Credited
Week
|
|
Before 1947
|
$125
|
|
1947–1950
|
200
|
|
1951–1955
|
250
|
|
1956–1959
|
350
|
|
1960 (before March 31)
|
350
|
In no event will a Participant be given more than 52 Credited
Weeks in any one calendar year.
On or after March 31, 1960. For the periods on or after
March 31, 1960, a Credited Week is:
- A week of employment for which an Employer is required to
make a contribution to this Plan. A Participant who earns $5,000 of "gross
compensation" in a Plan Year ($3,200 for Plan Years before 1997) shall be
deemed to earn eight Credited Weeks for that Plan Year. For this purpose,
"gross compensation" shall mean the amount of compensation upon which Employer
contributions are based, as set forth in the collective bargaining agreement
from time to time; or
- A week of employment for which an Employer made a contribution
to the WGA Pension Trust Fund for the Broadcast Industry. (These are called
"Live Fund" Years. "Live Fund" Years do not count in determining eligibility
for, and the amount of, the Normal Death Benefit). The number of such weeks
(not to exceed 52) each calendar year is determined by dividing $400 into
the compensation paid each calendar year by the Employer to a Participant
in the WGA Pension Trust Fund for the Broadcast Industry; or
- A week of employment (whether or not for writing) with an
Employer for which the Employer is not contractually required to make contributions
to this Plan, if such noncontributory employment comes immediately before
or after contributory employment with the same Employer without any intervening
employment, quit, discharge or retirement.
|