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Eligibility/Plan Membership & Service |
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Eligibility
- Who is
eligible for Membership in the Plan?
- If I am
eligible, do I have to join?
-
What if I previously contributed to the NDT
Industry Pension Plan, then terminated from the Plan and am
now re-employed by another contributing employer?
Plan Membership & Service
- How do
I accrue service in the Plan?
- How do
I become vested in the Plan?
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Eligibility
1.
Who is eligible for membership in the Plan?
Each person who is working under the terms of the
Collective Agreement between the Quality Control Council of
Canada and the Non Destructive Testing Management Association
shall automatically participate in the Plan. An enrolment card
must be completed by each Plan Member and submitted to the
Plan Administrator.
2. If
I am eligible, do I HAVE to join?
Yes.
3.
What if I previously contributed to the NDT Industry Pension
Plan, then
terminated from the Plan and am now re-employed by another
contributing employer?
If you were vested and you have taken your money out of
the Plan or if you were not vested at the time of your
termination, you will be treated as a new employee for
purposes of the eligibility rule and for vesting of benefits.
If, at the time of your previous termination, you were vested
and you chose not to take your money out of the Plan, you will
be treated as a continuing member, and will not need to
re-vest.
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Plan Membership & Service
1.
How do I accrue service in the Plan?
You will be credited with a Year of Plan Membership (also
called a Year of Credited Service) for each year in which you
work at least 350 hours.
2. How
do I become vested in the Plan?
After December 31, 1998, a Member becomes vested in the
Plan upon completion of two Years of Plan Membership. Prior to
that date, the vested rules were based on your province of
employment. The Plan Administrator can give you a full
explanation of those rules. All benefits described in this
booklet are available to vested Plan members. Members who
terminated from the Plan prior to becoming vested lose all
entitlement to benefits. Once you become vested, you will
remain vested unless you withdraw your entitlement from the
Plan.
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