Why do I have to
terminate employment before I can start my pension?
|
IRS rules require that
you terminate your employment before you start your pension, if you have not reached
normal retirement age, which is age 65. |
| What if I terminate before completing
five years of vesting service? |
To receive the pension benefit, you
must have five years of vesting service or reach age 65 while employed by Trinity
Health. A year of vesting service is equal to 1,000 hours worked in a calendar
year. If you terminate before becoming vested, you will forfeit your pension benefit
unless you return to work at Trinity Health and earn additional vesting service.
The Pension Plan Match Account only requires three years of vesting service to
be eligible for a pay out at termination. |
| What if I terminate after I have
five years of vesting service? |
When you retire or terminate employment with Trinity
Health, you will be entitled to a retirement benefit you have earned as of the
date of termination. |
