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Where is the Driver buyout?
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<blockquote data-quote="1989" data-source="post: 667970" data-attributes="member: 10280"><p>Sober, this is from the Western Conference or Teamsters Pension Trust website.</p><p></p><p><strong>Applicable Hours Limits</strong></p><p></p><p> Under your Plan’s <em>suspension of benefits</em> rule, your pension benefits will be suspended if your hours of work in suspendible employment exceed certain hours limits. You will lose the right to receive your retirement benefit payment for any calendar month if the hours of suspendible employment you work (or are paid for) <em>equal</em> or <em>exceed</em> your applicable <em>hours limit</em> for that month. Your Plan counts hours that you actually work as well as hours for which you are paid (such as vacation, jury duty, sick leave or other paid hours). See below for the applicable <em>hours limits</em> rules.</p><p> If you are paid on a basis other than hours worked, such as mileage, your hours of suspendible employment are determined using the same formula that determines the number of hours for which your employer is required to make contributions to the Pension Trust. Contact your Area Administrative Office if you have questions regarding how the mileage rules apply. </p><p> A special rule applies if the Plan cannot determine how many hours of suspendible employment you actually worked in a month. Under that rule, the Plan considers that you worked in suspendible employment in excess of your hours<em> limit</em> for that month if:</p><p> </p><ul> <li data-xf-list-type="ul"> You receive pay for eight or more days (or separate work shifts) in that month, or</li> <li data-xf-list-type="ul">You receive pay for eight or more days (or separate work shifts) in any four-week or five-week payroll period ending within that month.</li> </ul><p> Applicable Hours Limits</p><p> <strong>Up to Age 60 </strong></p><p> If your reemployment occurs in a month that begins prior to or includes your 60th birthday, you will forfeit your monthly benefit if you work <strong>50</strong> <em>or more</em> hours of suspendible employment in that month.</p><p> <strong>Ages 60 to 65 </strong></p><p> If your reemployment occurs anywhere between the month following your 60th birthday and the month ending with your 65th birthday, you will forfeit your monthly benefit if you work <strong>85</strong> <em>or more</em> hours of suspendible employment in that month. </p><p> <strong>After Age 65 </strong></p><p> If your reemployment occurs in a month<em> after your 65th birthday</em>, you can work <em>any number</em> of hours and your benefits will not be suspended.</p></blockquote><p></p>
[QUOTE="1989, post: 667970, member: 10280"] Sober, this is from the Western Conference or Teamsters Pension Trust website. [B]Applicable Hours Limits[/B] Under your Plan’s [I]suspension of benefits[/I] rule, your pension benefits will be suspended if your hours of work in suspendible employment exceed certain hours limits. You will lose the right to receive your retirement benefit payment for any calendar month if the hours of suspendible employment you work (or are paid for) [I]equal[/I] or [I]exceed[/I] your applicable [I]hours limit[/I] for that month. Your Plan counts hours that you actually work as well as hours for which you are paid (such as vacation, jury duty, sick leave or other paid hours). See below for the applicable [I]hours limits[/I] rules. If you are paid on a basis other than hours worked, such as mileage, your hours of suspendible employment are determined using the same formula that determines the number of hours for which your employer is required to make contributions to the Pension Trust. Contact your Area Administrative Office if you have questions regarding how the mileage rules apply. A special rule applies if the Plan cannot determine how many hours of suspendible employment you actually worked in a month. Under that rule, the Plan considers that you worked in suspendible employment in excess of your hours[I] limit[/I] for that month if: [LIST] [*] You receive pay for eight or more days (or separate work shifts) in that month, or [*]You receive pay for eight or more days (or separate work shifts) in any four-week or five-week payroll period ending within that month. [/LIST] Applicable Hours Limits [B]Up to Age 60 [/B] If your reemployment occurs in a month that begins prior to or includes your 60th birthday, you will forfeit your monthly benefit if you work [B]50[/B] [I]or more[/I] hours of suspendible employment in that month. [B]Ages 60 to 65 [/B] If your reemployment occurs anywhere between the month following your 60th birthday and the month ending with your 65th birthday, you will forfeit your monthly benefit if you work [B]85[/B] [I]or more[/I] hours of suspendible employment in that month. [B]After Age 65 [/B] If your reemployment occurs in a month[I] after your 65th birthday[/I], you can work [I]any number[/I] of hours and your benefits will not be suspended. [/QUOTE]
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Where is the Driver buyout?
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