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Vesting

Generally, you earn one year of vesting service if you work 700 or more hours in covered employment in a plan year.

You are fully vested in the Plan when you complete five years of vesting service without a break in service. “Fully vested” means you’ve earned a benefit that is yours to keep when you leave covered employment.

Check your annual statement to track your benefit!

Each year, you’ll receive a statement showing your estimated benefit amount based on the records currently on file in the Benefits Office. The statement assumes you’ll retire at age 65 with a Normal Retirement Pension. Compare your pay stubs with your statement’s hours; contact the Benefits Office immediately if you notice a difference.

Educational Videos

Reading your annual retirement statement

About your 401(k) retirement benefits

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Contacts

Important phone numbers and websites

Learn More

This website provides an overview of benefits for eligible members of National Elevator Industry Benefit Plans. Refer to the Summary Plan Description (SPD) or plan contract/certificate and plan amendments for a full description of benefits. If there is a discrepancy between the information provided on this website and the official plan documents, the information provided in the official plan documents will govern.