Relationship Between Vested Status and Credited Service
Your Retirement Benefits earned to date will be vested based on the following table:
Total Years of Credited Service (Future
Service and Pro Rata Service)
Percent of Accrued Retirement
Benefit That is Vested
Fewer than 5 years
0%
5 years or more
100%
Vesting refers to your right to receive benefits earned under the Plan without possibility of forfeiture. You will also be 100% vested if you are a Participant working in Covered Employment at or after your 62nd birthday.
Credited Service is also used for other purposes under the Plan besides determining your vesting (such as for determining whether you are eligible for Early Retirement). [Section V(B) and V(F)]