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Question For Western Conference Pension Teamsters ?
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<blockquote data-quote="CaptainObvious" data-source="post: 1056592" data-attributes="member: 43383"><p>If you have less than 25 years of contributory service, you must work at least 1,000 covered hours under your PEER pension agreement in the 24-month period ending just before your pension effective date, or</p><p>If you have 25 or more years of contributory service, you can meet the 1,000-hour requirement if you have PEER lock-in protection. (See PEER Lock-in Protection).</p><p></p><p>PEER LOCK-IN PROTECTION</p><p>Your Plan includes a lock-in feature that helps you protect your eligibility under the Program for Enhanced Early Retirement (PEER). With this feature, you can lock in your PEER coverage once you have 25 or more years of contributory service.</p><p></p><p>If you complete 25 years of contributory service, you can lock in your PEER coverage by working at least 1,000 covered hours under your PEER pension agreement during any 24-month period that ends on or after your 25th year of contributory service.</p><p></p><p>This lock-in protection means that even if your covered employment stops for any reason, you can take PEER retirement once you have the required PEER points to retire under your PEER level.</p></blockquote><p></p>
[QUOTE="CaptainObvious, post: 1056592, member: 43383"] If you have less than 25 years of contributory service, you must work at least 1,000 covered hours under your PEER pension agreement in the 24-month period ending just before your pension effective date, or If you have 25 or more years of contributory service, you can meet the 1,000-hour requirement if you have PEER lock-in protection. (See PEER Lock-in Protection). PEER LOCK-IN PROTECTION Your Plan includes a lock-in feature that helps you protect your eligibility under the Program for Enhanced Early Retirement (PEER). With this feature, you can lock in your PEER coverage once you have 25 or more years of contributory service. If you complete 25 years of contributory service, you can lock in your PEER coverage by working at least 1,000 covered hours under your PEER pension agreement during any 24-month period that ends on or after your 25th year of contributory service. This lock-in protection means that even if your covered employment stops for any reason, you can take PEER retirement once you have the required PEER points to retire under your PEER level. [/QUOTE]
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