The monthly accrual values set forth in Table 16 are assigned to a Participantís years of pension credit earned before 1987*.
Pursuant to the Planís rules regarding continuity of service, the accrual value that corresponds to the highest approved hourly contribution rate or sequence of rates under which the Participant worked in the last five years in which he earned pension credit will be assigned to all credit earned before 1987 as long as the participant earns a minimum of 600 hours at the highest rate or sequence of rates.
The accrual values set forth in Table 16 apply to participants who earn 6 or more months of Contributory Credit after January 1, 1991 and retire on a pension on or after October 1, 2000.
|Pre-1987 Approved Contribution Rate||Monthly Accrual Payable Per Year of Pension Credit|
*The monthly accrual values shown in Table 16 may apply to years after 1986 if the accrual values shown in Table 15 result in a lower monthly pension benefit.
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United We Stand
England Teamsters & Trucking Industry Pension Fund
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