Deferred Pension Benefit

If you become vested before you reach age 65, and you do not work at least 450 hours in any two successive fiscal years, you will no longer be considered an active participant in the Plan. You will be considered as a participant on Deferred Pension Status, which means that you can apply for a Normal Pension when you reach age 65 or an Early Pension if you have 15 or more years of service credit and are at least age 60. It is important to know that while you are on Deferred Pension Status, you will not be eligible for the Pre-Retirement Lump Sum Death Benefit provided in the Plan.