An Active Participant must work under a minimum average
contribution rate in each of the 5 years leading up to his retirement in
order to meet one of the eligibility requirements for a Special Service Pension. A
different sequence of rates applies to each year of retirement.
The charts below set forth the minimum average contribution rates for each year of retirement from 2003 to 2015. If a participant’s 5-year average meets or exceeds the amount shown in the Average line of the table, he is deemed to have satisfied the 5 year contribution rate requirement.
All hours of service in a calendar year are used in
determining the average contribution rate for that year. In general, the
five test years are the last year in which the participant works in Covered
Employment and the four preceding years in which he has earned pension
credit.
Please refer to the Plan’s Rules and Regulations for a complete description of all of the eligibility requirements for a Special Service Pension.
CHART
1
Plan C Special
Service Pension
| Rate | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Average | $3.11 | $3.46 | $3.76 | $3.91 | $4.06 | $4.21 | $4.42 | $4.64 | $4.87 | $5.36 | $5.90 | $6.49 | $7.14 |
CHART
2
Plan D Special Service
Pension
| Rate | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Average | $4.06 | $4.21 | $4.31 | $4.46 | $4.66 | $4.86 | $5.06 | $5.26 | $5.52 | $6.07 | $6.68 | $7.35 | $8.09 |
NOTE: Grandfathering
Provisions
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England Teamsters & Trucking Industry Pension Fund
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