Alaska Teamster-Employer Welfare and Pension Trusts

F.6 Past Benefit Service

The monthly benefit at Normal Retirement Age for pre-July 1, 1990 Past Benefit Service is computed as follows:

Average Contribution Rate (ACR) $1.00 per Hour or Less
Past Benefit Service x ACR times $27.90 = Past Service Monthly Retirement Benefit

Average Contribution Rate Over $1.00 but Less Than $2.00 per Hour
Past Benefit Service x $27.90 plus $23.50 times (ACR – $1) = Past Service Monthly Retirement Benefit

Average Contribution Rate Equals or Exceeds $2.00 per Hour
Past Benefit Service x $51.40 = Past Service Monthly Retirement Benefit

The $27.90 and $23.50 figures above are replaced by $34.85 and $29.35, respectively, if you met the minimum contribution requirement at $4.00 per hour before July 1, 1993.