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Pension Plan

Pension Glossary

Beneficiary - This term means the person or persons whom a Participant last designates to receive benefits in the event of his or her death. However, if you have been married at least one year at the time of your death, your spouse will be your Beneficiary unless you and your spouse select a different Beneficiary. If an Affidavit of Domestic Partnership has been on file with the Administrative Office for at least one year at the time of your death, your Qualified Domestic Partner will be your Beneficiary, unless you and your Qualified Domestic Partner select a different Beneficiary. If there is no surviving designated Beneficiary, the death benefits will generally be paid to the Participant's estate. Beneficiary designation forms are available from this website by clicking here pdf or the Administrative Office if you are not retired. If you are retired, please contact the Administrative Office by mail, phone or fax.

Covered Earnings - Earnings for employment as a writer that is covered by the Plan. Work for which there is no employee employer relationship is not covered. Royalties, options, clips, program fees, character payments, theatrical residuals, publication fees, separated rights payments, and sale of original material are also not considered covered earnings. However, for periods on and after May 2, 1998, sales of literary material are considered covered earnings if the Employer also employs the writer to do a rewrite or polish on the material. See page 3.

Credited Week - Generally, a week of employment covered by the Plan.  See page 5.

Early Retirement Date - A Participant reaches his or her Early Retirement Date on the first day of any month prior to his or her Normal Retirement Date on which he or she elects to retire, provided that the Participant has both attained age 52 and has a vested retirement benefit.

Late Retirement Date - Late Retirement Date is the first day of any month subsequent to the Participant’s Normal Retirement Date, which the Participant has selected as the date of his retirement. In no event, however, will such date be later than the Participant’s Required Beginning Date (i.e., generally the April 1 following the calendar year in which the vested Participant reaches age 70½).

Military Service - In certain circumstances, service in the military will be counted as a Qualified Year. See page 5.

Normal Retirement Date - Normal Retirement Date is the first day of the month following the date the Participant has both reached age 65 and completed the required participation in the Plan. See page 7.

One-Year Break in Service - A Plan Year in which a Participant fails to earn a Qualified Year.

Permanent Break in Service - Prior to January 1, 1998, if a Participant has five consecutive One Year Breaks in Service before he or she becomes vested, his earlier Qualified Years and accumulated contributions will be forfeited and his participation in the Plan will be terminated. Effective January 1, 1998, this rule no longer applies to Qualified Years, although service and benefits forfeited prior to 1998 due to a Permanent Break in Service will remain forfeited. However, the Break in Service rules continue to apply to counting years of participation for purposes of determining your Normal Retirement Date. See page 8.

Pension Plan Year - The term Plan Year means the calendar year.

Pop-up Option - A Pop-up Option is an option provided in connection with a Joint and 50%, 66-2/3%, 75% or 100% Survivor Annuity that provides for a reduced monthly benefit payable to the Participant that will increase if the Joint Annuitant predeceases the Participant. See page 18.

Qualified Domestic Partner (QDP) - Your same sex domestic partner for whom you have submitted to the Administrative Office an Affidavit of Domestic Partnership, along with supporting documentation, and who meets the criteria in such Affidavit. Generally, the Participant and domestic partner must have a committed same sex relationship similar to marriage that has been in existence for at least six months. No person shall be considered a Qualified Domestic Partner prior to the time a complete Affidavit has been submitted to the Administrative Office.

Qualified Domestic Relations Order (QDRO) - A judgment, decree or order which meets certain requirements and provides that all or a portion of a Participant's benefit is to be paid to an alternate payee (a spouse, former spouse, child, or other dependent of the Participant).

Qualified Year - A Plan Year in which the Participant earned at least eight Credited Weeks. Generally, a Participant who earns $5,000 of Covered Earnings in a calendar year ($3,200 for Plan Years before 1997) shall be deemed to earn eight Credited Weeks for that year. See Summary Plan Description.