Alaska Teamster-Employer Welfare and Pension Trusts

B.3 Summary Table of Vesting Requirements Prior to July 1, 2001

The following table summarizes the requirements for Vesting Service and vesting standards under the Plan before July 1, 2001.

VESTING REQUIREMENTS

	Before June 30, 1990	July 1, 1990 – June 30, 1999	July 1, 1999 – June 30, 2001
Work Requirement	Participant in Plan before June 30, 1990	Participant after July 1, 1990	Participant after July 1, 1999
Vesting Servicea	Hours of Work in Plan Year Less than 1, 000 1,000 – 2,000 More than 2,000 Vesting Service Hours/1,000 1 Hours/2,000
Vesting Standards	100% if you have: 10 years Vesting Service,b or Vesting Service (minimum 5 plus age equals 60c or more, with at least 2,000 Contributory Hours or 65 or older and reached 5th anniversary of participationd	Less than 5 years Vesting Service: 0% 5 years – 9 years Vesting Service after June 30, 1990: 50% 10 or more years Vesting Service: 100%b or 65 or older and reached 5th anniversary of participation	5 years Vesting Service: 100% or 65 or older and reached 5th anniversary of participation

a. There were pre-ERISA qualifications for Vesting Service earned prior to June 30, 1976.
b. For those with 1 hour of service after June 30, 1989, 5 years vesting service if you are not covered by a Collective Bargaining Agreement.
c. The number 60 becomes 55 if you qualified for retirement benefits, as explained in Appendix F.
d. 10th anniversary if not a Plan Participant after July 1, 1988.