Pension > SPD > What are Years of Vesting Service


Years of Vesting Service determine when and whether you become eligible for a deferred retirement payment.

You will be credited with years of Vesting Service for periods before January 1, 1976 in the same amount as the Past and/or Future Service credit that you received for that period. From January 1, 1976, you will be credited with one year of Vesting Service for each Plan Year in which you complete at least 1,000 hours of service as a covered employee of the Company.

In addition, if you work for the Company, an affiliated Company or a subsidiary of the Company in a job not covered by this Plan, in most cases your hours of work in that non-covered job count towards a year of vesting service.

If you are a veteran and are reemployed under the Uniformed Services Employment and Reemployment Rights Act of 1994, your qualified military service may be considered service with us. If this law may affect you, ask your Plan Administrator for further details.