Health
& We
lfare
and Pension Funds
of Philadelphia and Vicinity
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Some General Definitions 1. "Benefit Service" or "Benefit Credit" means credit you earn while working in Covered Employment (and in certain other limited circumstances) which is used to determine the amount of your benefit. Benefit Service is described in detail in Section V. 2. "Break In Service" means an interruption in service such that an employee loses credit for previously credited service. For a more detailed explanation, see Section IV. 3. "Collective Bargaining Agreement" means any written agreement between a contributing employer and a union representing employees of such employer in a bargaining unit by the terms of which the employer is obligated to make contributions on behalf of such employees. 4. "Contributions" means payments to the Pension Fund by a Covered Employer pursuant to a written Collective Bargaining Agreement with the Union in effect from time to time. 5. "Covered Employer" means an employer who has a written Collective Bargaining Agreement with the Union which requires a periodic contribution of a specified amount to the Pension Fund in accordance with the agreement. Covered Employer also means the Union, the Pension Fund and the Teamsters Health and Welfare Fund of Philadelphia and Vicinity with respect to their employees. 6. "Covered Employment" means any employment in a collective bargaining unit in a position for which contributions on behalf of an employee are payable to the Plan in accordance with the terms of a Collective Bargaining Agreement. Covered Employment also means any employment with the Union, the Pension Fund and the Teamsters Health and Welfare Fund of Philadelphia and Vicinity for which contributions on behalf of an employee are payable to the Plan. 7. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended from time to time. 8. "Future Service Date" means the later of January 1, 1987 or the first day of the Plan Year during which your employer's applicable Daily Contribution Rate to the Fund equals or is greater than $15. 9. "Normal Retirement Age" means the later of (a) the date an employee turns age 65 or (b) the fifth anniversary of the employee's commencement of participation in the Plan. 10. "Pension Fund" or "Fund" means the trust fund established and administered in accordance with the Agreement and Declaration of Trust dated December 30, 1956, as amended, (hereinafter, "Trust Agreement") to provide pension benefits to participants of the Pension Plan. 11. "Pension Plan" or "Plan" means the formal documents spelling out the details of the Teamsters Pension Plan of Philadelphia & Vicinity as approved by the Internal Revenue Service. 12. "Pensioner" or "Retiree" means a person who has withdrawn from Covered Employment and has been approved by the Trustees as eligible to receive monthly retirement benefits under the Pension Plan. 13. "Trustees" means persons who are acting as employer-designated trustees and union-designated trustees under the Trust Agreement. 14. "Union" means any local union that is a party to the Plan. 15. "Vesting Service" or "Vesting Credit" means credit you earn while working in Covered Employment (and in certain other limited circumstances) for the purpose of determining whether you have a nonforfeitable right to a pension benefit. Vesting Service is described in detail in Section IV.
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