The WSRC TeamIssued January 2007Pension PlanINTRODUCTIONYour WSRC/BSRI Pension Plan (Plan) provides you with income during your retirement. Ifyou are married at the time you retire, your spouse may continue to receive a portion of your
pension if you predecease your spouse.The benefits described in this Summary Plan Description are sponsored by WashingtonSavannah River Company LLC and Bechtel Savannah River, Incorporated (WSRC/BSRI),
and administered by the Benefits Committee. Persons eligible to participate in the WSRC/
BSRI Pension Plan include those as described herein who are connected by employment
with the WSRC Team. “The WSRC Team” includes Washington Savannah River Company
LLC (WSRC), Bechtel Savannah River, Incorporated (BSRI), BWXT Savannah River Company
(BWXT), and BNG America Savannah River Corporation (BNG America).Under the Pension Plan, there are a variety of ways in which you can receive a benefit.However, the eligibility requirements vary with each type. The following chart provides a
brief description of each of the ways you can collect your pension benefit.This book provides the details of your Pension Plan. Read it carefully and refer to it when-ever you have any questions about the benefits available through the Pension Plan. If you find
you still have questions about any of the benefits provided under the Pension Plan, contact
Benefits Administration.This book is a summary of the official Plan Document for the Pension Plan, a qualifiedretirement plan offered by WSRC/BSRI to all eligible employees. Every attempt has been
made to describe the Plan as clearly and accurately as possible. If there is a discrepancy
between this book and the Plan Document, the Plan Document will govern.BenefitAge 65 with 15 years of Eligibility Service (unreduced)Age 50 with 15 years of Eligibility Service (reduced)Age 58 with 27 years of Eligibility Service (unreduced)Age 50 with 15 years or age 45 with 25 years of Eligibility Service when employment is involuntarily terminated due to lack of work (may be reduced)15 years of Eligibility Service when you are unable to perform the duties of your own job due to a disability (unreduced/supplemented)Based on age and with at least five years of Eligibility Service (may be reduced)Employee Paid – Beginning with 5 years of Eligibility ServiceEmployer Paid – Beginning with 15 years of Eligibility ServiceWhen AvailableNormal RetirementEarly RetirementOptional RetirementIncapability RetirementDeferred Vested BenefitSurvivor BenefitsPension Plan at a GlanceFSELSEXXXXXXXXXCONTENTS 1 Eligibility and Participation1 When Participation Begins and Ends1 Your Cost for Coverage2 Pension Plan Assets2 Service3 Applying for Pension Benefits4 When Benefit Payments Can Begin4 Normal Retirement4 Early Retirement6 Optional Retirement7 Percentage of Optional Retirement Benefits Paid (Lack of Work Only)8 Incapability Retirement8 Deferred Vested Pension Benefit10 How Your Pension Benefit Is Calculated11 Calculation Formulas12 Calculation Examples12 Normal Retirement13 Late Retirement13 Early Retirement (Unreduced Benefit)14 Early Retirement (Reduced Benefit)14 Optional Retirement15 Incapability Retirement16 Deferred Vested Pension Benefit17 How Your Pension Benefits Are Paid17 Forms of Payment17 Standard Monthly Annuity Option17 Monthly Annuity with Pension Income Leveling18 Survivor Payment Options18 Comparison of Standard Monthly Annuity versus Income Leveling19 Overview of Survivor Payment Options21 Survivor Payment Options (Death Benefits)21 Employer-Paid Survivor Benefit23 Pre-Payment Spouse Benefit Option Coverage23 Pre-Payment Spouse Benefit Reduction Factors24 Pre-Retirement Spouse Benefit Option Coverage24 Pre-Retirement Spouse Benefit Option Example24 Pre-Retirement Spouse Benefit Option Formula25 Post-Payment Spouse Benefit Option–Deferred Vested Pension Benefit26 Post-Retirement Spouse Benefit Option Coverage26 Post-Retirement Spouse Benefit Option Example27 Post-Retirement Joint and Survivor Option Coverage28 Joint and Survivor Option Calculation29 Spouse Benefit Options Summary Table30 Understanding Service30 Eligibility Service31 Credited Service31 When Credited Service Is Not Counted31 Break in Service32 DuPont Service32 If You are Transferred to your Parent WSRC Team or Affiliate33 If You Leave the WSRC/BSRI Team and Are Later Rehired33 Before Retirement33 After Retirement33 If a Claim Is Denied 34 Glossary of Helpful Terms36 ERISA InformationJanuary 2007 | Page ParTiCiPaTiNg iN THE PENSiON PLaNEligibility and ParticipationYou are eligible to participate in the Plan if you are included in one of the employee groupsdescribed below:• Full Service Employee (FSE): any employee, designated by the WSRC Team asa full-time employee, including any employee of the WSRC Team as of April 1,
1989, who continues to work at least 20 hours per week on a regular basis and not
specifically excluded from participation.• Limited Service Employee (LSE): any employee designated by the WSRC Teamas a temporary or part-time employee and who is employed either on a temporary
basis for less than one year or on a part-time basis for less than 1,000 hours in any
computation period, and not specifically excluded from participation. An LSE who is
also a WSRC Team pensioner, and who works more than 63 hours in a given month,
will have their pension payment suspended for that month.When Participation Begins and EndsWhen you become a participant in the Plan depends on your employee classification.Participation begins on your first day of work if you are an FSE.If you are an LSE, participation begins if you work at least 1,000 hours during the appli-cable 12-month computation period.If you stop working for the WSRC Team, your active participation in this Plan stops. If youare not vested at the time of your termination, your participation in the Plan stops. If you
transfer to an Affiliated Entity, eligibility service will continue to be recognized.Your Cost for CoverageThe WSRC Team pays the full cost of the WSRC/BSRI Pension Plan with the exception ofpension benefit reductions to provide the following survivor benefits:• Pre-Payment Spouse Benefit Option• Pre-Retirement Spouse Benefit Option• Post-Payment Spouse Benefit Option - Deferred Vested Pension Benefit• Post-Retirement Spouse Benefit Option• Post-Retirement Joint and Survivor Benefit OptionPage 2 | January 2007Pension Plan AssetsAssets of the WSRC/BSRI Pension Plan are held in a trust. The trustee is selected by the Ben-efits Committee. The Plan Administrator administers approved payouts from the Plan’s assets.
Approved payments from this Plan generally are in the form of a monthly annuity (payment).ServiceAs you read this summary, you’ll see references to two categories of service: Eligibility Ser-vice and Credited Service.Eligibility Service is used to determine when you become eligible for a pension benefit andincludes service with the companies – WSRC, BSRI, BWXT, BNG America - and that service
which has been recognized by their respective Affiliated Entities and includes service with the
WSRC Team and specific rollover service from the DuPont Pension Plan.Eligibility Service is also used to determine when a limited service employee (LSE) is eli-gible to participate in the Plan.Credited Service is used to calculate your pension benefits from the WSRC/BSRI PensionPlan and only includes service with the WSRC Team and specific rollover service from the
DuPont Pension Plan.To learn more about these two categories of service, refer to Pages 30 and 31, and the Glos-sary on Page 34.January 2007 | Page APPlyINg FOR PENsION BENEFITsRetirement takes a considerable amount of advance planning. Two to three months beforeyou are planning to retire, you will need to contact your manager/supervisor, your Human
Resources Representative and Retirement Services.You should submit your written retirement notice two to three months before your retire-ment date, which must be the last day of a month. A preliminary pension estimate may be
obtained from the pension calculator available through SHRINE and the People Soft eAp-
plications. A detailed estimated will be provided to you, from the actuary, once you have
provided your planned retirement date.You may notify Retirement Services of your decision to retire at the “Retirement Services”e-mail account. You may also refer to the Human Resources Web page on SHRINE.Page  | January 2007Unreduced benefits aresometimes available earlierthan age 65. If you retireon or after age 58,and you have at least27 years of EligibilityService, your early
retirement pensioncan begin withno reduction.WhEN BENEFIT PAymENTs CAN BEgINGenerally, you can receive a benefit from the Plan when you are eligible for:• Normal Retirement,• Early Retirement,• Optional Retirement,• Incapability Retirement,• Deferred Vested Pension Benefit.Normal RetirementA Normal Retirement benefit is payable after you reach age 65 and complete at least 15years of Eligibility Service. The benefit is unreduced and is based on your average monthly
pay and Credited Service with the WSRC Team.Early RetirementIf you’re an FSE, you may retire at any time after you reach age 50 and have at least 15years of Eligibility Service. Early Retirement options are not available to LSEs. WSRC Team
employees, who transfer to an Affiliated Entity of their parent company, can not retire while
actively at work for the Affiliated Entity but may retire under these provisions when they
terminate from the Affiliated Entity.Your Early Retirement benefit is calculated based on your Average Monthly Pay and Credit-ed Service with the WSRC Team as of your early retirement date and can be paid as follows:• Beginning on your early retirement date. However, your benefit will be reducedbased on your age and Eligibility Service as shown in the table on Page 5. For
example, if your benefit payments begin when you retire at age 53 with 22 years of
Eligibility Service, you’ll receive 50% of the full pension benefit.• On an unreduced basis, if you are age 58 or older with at least 27 years ofEligibility Service.January 2007 | Page The exact percentage of pension benefits received is based on your exact age (years andfraction of a year) and exact Eligibility Service (years and fraction of a year) at the time of your
retirement. The minimum age for an unreduced pension benefit is age 58 with 27 or more
years of Eligibility Service.Years of Eligibility ServiceAge at Retirement15-2021222324252627+65100%100%100%100%100%100%100%100%6495100100100100100100100639095100100100100100100628590951001001001001006180859095100100100100607580859095100100100597075808590951001005865707580859095100576065707580859095565560657075808590555055606570758085545050556065707580535050505560657075525050505055606570515050505050556065505050505050505560Percentage of Pension Benefits Paid for an Early/Normal RetirementPage  | January 2007If your employment ends involuntarilydue to lack of work at age:45
46
47
48
4950 or more25
23
21
19
17
15You will be eligible for Optional Retirementif you have this many years of service:Optional RetirementAn Optional Retirement benefit is available only if you’re an FSE:• At age 50, with at least 15 years of Eligibility Service, and your employment isinvoluntarily terminated for lack of work or• Between ages 45 and 49, with Eligibility Service of 25 to17 years respectively, andyour employment is involuntarily terminated due to lack of work.• You are not eligible for Optional Retirement if you are offered employment by asuccessor contractor or transfer to a parent company or Affiliated Entity.The 25-year Eligibility Service requirement is reduced by two months for each month (24months per year) after your 45th birthday. For example:January 2007 | Page 7The Optional Retirement table below shows the percentage of your pension benefit youwill receive (based on your age and Eligibility Service) if you elect to have payments begin
before you reach age 65.Years of Eligibility ServiceAge at Retirement15161718192021222324252627+65100%100%100%100%100%100%100%100%100%100%100%100%100%64959595959597.5100100100100100100100639090909092.59597.51001001001001001006285858587.59092.59597.510010010010010061808082.58587.59092.59597.5100100100100607577.58082.58587.59092.59597.51001001005972.57577.58082.58587.59092.59597.5100100587072.57577.58082.58587.59092.59597.51005767.57072.57577.58082.58587.59092.59595566567.57072.57577.58082.58587.59090905562.56567.57072.57577.58082.585858585546062.56567.57072.57577.580808080805357.56062.56567.57072.5757575757575525557.56062.56567.5707070707070705152.55557.56062.56565656565656565505052.55557.56060606060606060604952.55555555555555555555548505050505050505050474545454545454546404040404045353535Percentage of Optional Pension Benefits Paid (Lack of Work Only)Page  | January 2007Incapability RetirementIf you are permanently incapable of performing the normal duties of your own job due toa permanent disability, you may qualify for an Incapability Retirement benefit. To be eligible,
you must be an FSE with at least 15 years of Eligibility Service and your disability must be
approved by the Benefits Committee. The Incapability Retirement benefit is an unreduced
pension equal to the pension benefit earned as of your date of retirement. You will be required
to submit satisfactory proof of your disability and this benefit will only be payable while your
disability continues. Proof of your continuing disability may be required in order for the
benefit to be ongoing.In addition, you may receive an Incapability Supplemental payment from the WSRC/BSRIPension Plan until the effective date of a Social Security Disability Award benefit or until you
are old enough to be eligible to receive a Social Security Retirement (age 62) payment, which-
ever occurs first. You are required to apply for Social Security Disability and appeal once if
you are denied the benefit. You are required to notify WSRC Retirement Services when you
receive any Social Security award or denial notice. If there are any overpayments of the In-
capability Supplemental payment, you are required to repay them or they will be deducted
from future pension payments.Deferred Vested Pension BenefitVesting is a non-forfeitable right to a pension benefit. An employee is vested after the comple-tion of five years of Eligibility Service. If you terminate from the WSRC Team after you are vested
but before you are eligible to retire, you are entitled to a Deferred Vested Pension Benefit.The Deferred Vested Pension Benefit is a lifetime pension based on your Average Monthly Payand Credited Service at the time you terminate from the WSRC Team. However, your pension ben-
efit is postponed until you attain the age (see table on Page 9) to be eligible to receive benefits.If you choose to begin pension payments before age 65 (or age 60 if you have at least 30years of Eligibility Service), your benefit will be reduced by .004167 (5% on an annual basis)
for each month prior to the month you would have been entitled to an unreduced pension
benefit (age 60 or 65). The table on Page 9 shows the age at which reduced benefits can begin
based on your Eligibility Service at the time you leave the WSRC Team. Regardless of whenyou want your DeferredVested Pension Benefitto begin, you must notifyBenefits Administrationin writing at least3 months beforethe date you wantyour pension benefitsto commence.January 2007 | Page If the present value of your accrued pension benefit is $1,000 or less at the time you termi-nate from the WSRC Team, then you will receive a lump sum cash out of your benefit which
may be either taken in cash or rolled over to an IRA or other employer qualified plan.Note: If your Eligibility Service date is prior to January 1, 1996, you will be vestedafter completing four years of Eligibility Service plus 1000 hours in the next computa-
tion period. If your Eligibility Service date is on or after January 1, 1996, you will be
vested after completing five years of Eligibility Service.Questions and Answers:1. Is a cash out of my deferred vested pension benefit available if I terminateemployment with the WSRC Team?Answer: Generally, no. If the present value of your pension is $1,000 or less, a lump sum
cash out will be paid and will cancel any future liability to you under the Plan. Your monthly
accrued pension benefit is converted to a Present Pension Value with a factor determined by
your age at termination2. Is any portion of my deferred vested pension benefit payable to mybeneficiaries in event of my death?Answer: As a terminated employee, you may designate only your spouse to receive a 50%
portion of your deferred vested pension. No other beneficiary qualifies to receive this benefit.
You will incur a permanent reduction in your benefit to pay the cost for this coverage.3. How do I apply for Deferred Vested Pension Benefits after I terminateemployment with the WSRC Team? Answer: Three months before you wish to receive your payments, you should make yourrequest in writing to the Plan Administrator of the WSRC/BSRI Pension Plan. You may send
your request via e-mail to retirement.services@srs.gov.Fewer than 1010–1415–2930 or moreNot available60–6450–6450–5965 and over65 and over65 and over60 and overIf your years of Eligibility Service when you leave are:This is the age when reduced payments can beginMaximum reduction at earliest ageThis is the age when unreduced payments can begin–25%75%50%Page 0 | January 2007hOW yOUR PENsION BENEFIT Is CAlCUlATEDThree formulas are used to calculate your monthly pension benefit under the Plan. Yourbenefit will be based on the formula that produces the greatest benefit. Note, however,
that your pension benefit cannot be greater than your Average Monthly Pay minus your esti-
mated Social Security benefit.Average Monthly Pay refers to the dollar amount used in the pension formulas. Thisamount is determined using one of the following methods that will produce the greatest
amount:• Average of your monthly pay during your highest paid 36 consecutive months(weekly paid employees will have their pay converted into a monthly pay) ; or• Average of your annual pay based on your monthly pay averages for the equivalent ofthree calendar years in which your pay was the highest divided by 12.Monthly Pay includes your base pay, lump sum adjustments to base pay, overtime andovertime lump sum adjustments, shift differential, holiday pay, employee certification pay,
and up to one-half of a WSRC Team Incentive Compensation Award. It may also include base
pay from an Affiliated Entity to which you transfer if there is continuous service. Pay for this
purpose will not be reduced for pre-tax contributions to the Savings and Investment Plan or
the Welfare Benefit Plans. In addition, Average Monthly Pay and service (Credited and Eli-
gibility) under the DuPont Pension Plan will be included for current, active employees who
were members of that plan and did not retire on March 31, 1989.Monthly Pay does not include Deferred Incentive Compensation Awards, awards and pay-ments under any other special compensation or stock option plans, compensation for unused
time bank hours, payments for severance or relocation, foreign service premium or other
special payments, and unpaid compensation for service granted under any early retirement
incentive program. In addition, annual compensation over a limit as determined by the Inter-
nal Revenue Service is not included in the calculation of Average Monthly Pay. For example,
$220,000 is the annual compensation limit for 2006.Credited Service refers to all of the years you were employed by the WSRC Team andcredited service rolled over from the DuPont Pension Plan. Please see Page 31 for the credited
service calculation for a LSE.Primary Social Security Benefit (PSSB) means the monthly primary old-age benefit towhich the employee would be immediately entitled (if age 62 or over) or to which he would
be entitled at age 62 (if younger than age 62), in accordance with the federal Social Security
Act in effect on January 1 of the year of retirement or termination. The WSRC Team bases
its computation of PSSB on your WSRC Team earnings and, when available, on your DuPont
earnings before April 1, 1989. No pay received at an Affiliated Entity will be recognized, unless
the related service is recognized as Credited Service. Estimated earnings may be used if your
actual earnings are not available within 30 days of your separation from service. You may supply
evidence from the Social Security Administration of your actual Social Security earnings history
which will be used for the calculation of the Pension Income Leveling option, if chosen. Your retirementbenefit is calculatedusing one of threeformulas—whichever producesthe greatest benefit.January 2007 | Page Calculation FormulasThe three formulas that determine your pension benefit are as follows:Formula A1.2%
times Average Monthly Pay times Credited Service equals your monthly pension1.5%
times Average Monthly Pay times Credited Serviceminus50% of your Primary Social Security Benefit equals your monthly pensionFormula BFormula C$9 times Credited Serviceplus10% of Average Monthly Pay equals your monthly pensionYour actual Social Security benefit may be higher than the PSSB used in Formula B because only WSRC Team earnings, DuPont earnings, when available, and base pay from Affiliated Entities when it relates to recognized credited service, are applicable in determining the PSSB used in this formula. If you have fewer than 15 years of Credited Service, 2/3% (.0067) of Average Monthly Pay is multiplied by your Credited Service.Page 2 | January 2007Calculation ExamplesNormal RetirementAssume you’re age 65 and have 35 years of Eligibility and Credited Service. Your AverageMonthly Pay is $2,900 and your Primary Social Security Benefit (PSSB) is $1,014 per month.
Here’s how your pension benefit is calculated:Note: All calculations are rounded up to the next whole dollar amount and do not include
any spousal benefit reductions.Formula AFormula BFormula CBased on this example, you would receive the benefit from Formula A—$1,218 per monthbefore adjustment for optional forms of payments or survivor benefit reductions. Combined
with your Social Security benefit of at least $1,014 per month, your total retirement income
would be $2,232 per month or 76.9% of your Average Monthly Pay before retirement.1.2%xAverage Monthly PayxCredited Service=Your Monthly Pension .012x$2,900x35=$1,2181.5%xAverage Monthly PayxCredited Service–50% PSSB=Your Monthly Pension .015x$2,900x35–(.5 x $1,014)=$1,016 $9xCredited Service+10%XAverage Monthly Pay=Your Monthly Pension $9x35+(.10 x $2,900)=$605 January 2007 | Page Late Retirement (Retirement past the age of 65)If you decide to work past your Normal Retirement date, your retirement benefit will becalculated as of your late retirement date using the formulas described previously under Cal-
culation Formulas.Early Retirement (Unreduced Benefit)Assume you decide to retire at age 62 with 30 years of Eligibility and Credited Service. YourAverage Monthly Pay is $4,000 and your PSSB is $664 per month. Here is how your benefit
is calculated:Formula AFormula BFormula CIn this example, you would receive the benefit under Formula B. Your benefit is not re-duced because you are age 58 or older and have 27 or more years of Eligibility Service.Your unreduced benefit of $1,468 per month, before optional forms of payment or survivorbenefit reductions, could begin immediately and continue for your lifetime.When combined with your Social Security benefits of at least $664, your total retirement in-come would be $2,132 per month or 53.3% of your Average Monthly Pay before retirement.Early retirement benefits
are not reduced if you are
age 58 or older, and you
have at least 27 years
of Eligibility Service.1.2%xAverage Monthly PayxCredited Service=Your Monthly Pension .012x$4,000x30=$1,4401.5%xAverage Monthly PayxCredited Service–50% PSSB=Your Monthly Pension .015x$4,000x30–(.5 x $664)=$1,468 $9xCredited Service+10%XAverage Monthly Pay=Your Monthly Pension $9x30+(.10 x $4,000)=$670 Page  | January 2007Early Retirement (Reduced Benefit)Now, assume you’re age 59 with 23 years of Eligibility and Credited Service. Your pensionbenefit, after all the calculations are done, is $1,000 per month. If you elect to start your
pension payments immediately, your full pension benefit amount will be reduced. Using
the table on Page 5, you will receive 85% of the full benefit calculated ($1,000 x .85). Your
reduced early retirement benefit is $850 per month before optional forms of payment or sur-
vivor benefit reductions.However, you may elect to defer the start of your pension payments. As your age increases,the percentage of a full pension benefit will increase up to the maximum of 100%. If you
retire at age 59 with 23 years of Eligibility and Credited Service, and wait until age 60 to
start your monthly payments, you will receive 90% (see table on Page 5) of the full benefit
calculated ($1,000 x .90). Your reduced Early Retirement benefit is $900 per month before
optional forms of payment or survivor benefit reductions.Optional RetirementIn this example, your employment has ended due to lack of work. You are age 54 with 23years of Eligibility and Credited Service and you elect to begin receiving your benefit imme-
diately upon retirement. Your full pension benefit is $1,300 per month. Using the Optional
Retirement table on Page 1, you will receive 80% of your full benefit ($1,300 x .80) or $1,040
per month before optional forms of payment or survivor benefit reductions..However, you may elect to defer the start of your pension payments. As your age increases,the percentage of a full pension benefit will increase up to the maximum of 100%. If you
retire at age 54 with 23 years of Eligibility and Credited Service, and wait until age 55 to
start your monthly payments, you will receive 82.5% (see table on Page 7) of the full benefit
calculated ($1,300 x .825). Your reduced Optional Retirement benefit is $1,105 per month
before optional forms of payment or survivor benefit reductions.January 2007 | Page Incapability RetirementIf you qualify for an Incapability Retirement benefit, your benefit will be based on yourCredited Service and Average Monthly Pay as defined on Page 8. You’ll receive your full pen-
sion benefit without any reduction due to age. In addition, you may receive an Incapability
Supplemental payment equal to the greater of either 50% of your PSSB, or $90 per month.For example, assume you are age 48 with 18 years of Eligibility and Credited Service, yourAverage Monthly Pay is $3,576, your PSSB is $560 per month and your Social Security Disabil-
ity benefit is $820 per month. This example shows how your pension benefit is calculated:Formula AFormula BFormula CYour Incapability Retirement benefit would be the amount from Formula A. Because thebenefit is unreduced, you could begin to receive $773 per month immediately. Combined
with a Social Security Disability benefit of $820 per month, your total retirement income
would be $1,593 per month, prior to any survivor benefit reductions, or 44.5% of your Aver-
age Monthly Pay before retirement.You may receive an Incapability Supplemental payment from the WSRC/BSRI PensionPlan until the effective date of a Social Security Disability Award benefit or until you are old
enough to be eligible to receive a Social Security Retirement (age 62) payment, whichever
occurs first. If your Social Security Disability benefit is delayed, you receive the Incapability Retire-ment Benefit of $773 plus an Incapability Supplemental payment (described on Page 8) of
50% of your PSSB ($560) or $280. The total benefit from the Plan would come to $1,053
($773 + $280). You would receive this benefit until your Social Security Disability benefit
becomes effective or until you reach age 62, whichever occurs first.1.2%xAverage Monthly PayxCredited Service=Your Monthly Pension .012x$3,576x18=$7731.5%xAverage Monthly PayxCredited Service–50% PSSB=Your Monthly Pension .015x$3,576x18–(.5 x $560)=$686 $9xCredited Service+10%XAverage Monthly Pay=Your Monthly Pension $9x18+(.10 x $3,576)=$520 Page  | January 2007Deferred Vested Pension Benefit This benefit is calculated based on your Average Monthly Pay and Credited Service asof the date your employment ends, provided you have five years of Eligibility Service. Sup-
pose the greatest of the three formulas is $500, and you had 12 years of Eligibility Service.
You could elect to receive $500 per month beginning at age 65. Or you may elect a reduced
amount if you choose to start your pension payments before age 65. The reduction would be
.004167 per month for each month prior to your 65th birthday. For example, your monthly
payments beginning at age 62 would be $425 (36 months early times .004167 equals a 15%
reduction, or $75). If the lump sum value of your Deferred Vested Pension Benefit is $1,000 or less at thetime of your termination, you will receive a lump sum cash out of your benefit which may
be rolled over to an IRA or other employer qualified plan.January 2007 | Page 7hOW yOUR PENsION BENEFITs ARE PAIDWhen you become eligible and apply for benefits from the WSRC/BSRI Pension Plan, yourpayments, as well as payments to your eligible designated survivor(s), are in the form of a
monthly annuity (payment) unless the present value of the benefit is $1,000 or less and then
it will be paid in a lump sum.Forms of PaymentYour pension payment will be paid as a monthly annuity. If you are not married on yourannuity starting date, your annuity will be paid over your lifetime. If you are married on your
annuity starting date, your annuity will be paid over your lifetime and your spouse will re-
ceive monthly annuity payments for his or her lifetime. (See Overview of Survivor Payment
Options on Page 19.) You may select either the standard monthly annuity or the monthly
annuity with the Pension Income Leveling option.If you are married, or were ever married, your monthly annuity is subject to permanent re-ductions allowable under federal law to provide a percentage of your benefit to your spouse.
Please see the Survivor Payment Options (Death Benefits) section on Page 21. If you were never
married, your monthly annuity will not be reduced for available spouse payment options.If you are married at retirement and do not elect another pension benefit option, you willreceive a monthly annuity based on the standard monthly annuity for your lifetime. Your
spouse will receive a WSRC Team paid monthly annuity payable for his or her lifetime equal
to at least 40% of your benefit. In addition, unless waived, your surviving spouse will receive
a monthly benefit equal to 10% of the benefit paid to you.Standard Monthly Annuity OptionThe standard monthly annuity is your monthly base pension benefit paid to you at the endof each month. This monthly amount may be reduced by any available survivor payment op-
tions which were not waived. The examples on Page 11 show the calculation of this standard
monthly annuity.Monthly Annuity with Income Leveling OptionYou can choose this option to supplement your base pension only if you take Early orOptional retirement before age 62. Your election must be made before you retire. Income
Leveling permits you to receive a larger monthly pension benefit from the Plan until you are
eligible for Social Security retirement benefits at age 62. When you are first eligible for Social
Security benefits at age 62, your pension payments are reduced. However, when combined
with your Social Security benefits, the goal of Income Leveling is to maintain a level retire-
ment income. Thus, Income Leveling provides a steady retirement income from the Plan
along with Social Security throughout your retirement.You will receive your
pension benefit as a
monthly annuity for the
rest of your life—or if
you are married when you
retire, your spouse will
receive a portion of your
pension benefit as
a monthly annuity for
the rest of his/her life
if you die before him/her.
(If the present value of
a deferred vested pension
benefit or a survivor
benefit is $1,000
or less, it will be paid
as a lump sum.)Page  | January 2007Survivor Payment OptionsThe Plan can provide valuable benefits to your survivor(s) after you die. These deathbenefits are all paid for, by you, in the form of smaller pension payments while you are liv-
ing. There is one exception, the Employer-Paid Survivor Benefit which is paid for by the
WSRC/BSRI Pension Plan. All coverage is automatic unless waived by the spouse with one
exception, the Post-Retirement Joint and Survivor Option. Throughout your employment
with the WSRC Team and at retirement, you will need to be aware of these coverage’s and
how they effect your pension payment. Please see the Survivor Payment Options (Death
Benefits) section on Page 21.Comparison of Standard Monthly Annuity Option versus Income Leveling Assume you retire at age 60 with 30 years of Eligibility and Credited Service and you’reeligible for an unreduced Early Retirement Pension Benefit. Your pension benefit at age 60 is
$1,080 per month, and your Social Security benefit payable at age 62 is $740 per month.*Note: Your monthly pension benefit of $1,080 is actuarially reduced to reflect the increased levelof pension benefit payments ($1,690) prior to age 62.With Income Leveling, you receive approximately the same level of total income both be-fore and after age 62. Without Income Leveling, you receive less total income before age 62
than afterward when Social Security benefits begin. It is importantto note that withPension Income Leveling,even if you choosenot to applyfor Social Securityat age 62, your PensionMonthly Annuity amountwill still decreaseby the amount of theSocial Security benefit.Your BenefitWith Income LevelingWithout Income Leveling$1,690 from the Plan$1,080 from the PlanBefore Age 62$950+ 740$1,690$1,080+ 740$1,820After Age 62from the Plan*
from Social Securityfrom the Plan
from Social SecurityJanuary 2007 | Page Questions and Answers:1. If I elect the Income Leveling option, do I actually receive payments fromSocial Security prior to age 62?Answer: No, the Income Leveling benefit you receive prior to age 62 is paid from the
Pension Plan.2. If I elect the Income Leveling option, do I need to start my Social Securitybenefit at age 62?Answer: No, however, since your pension benefit is going to adjust downward at age 62,
you may want to start your Social Security benefit at age 62 if you expect to retain the
same level of income that you received prior to age 62. If you do start your Social Security
retirement benefit at age 62, it will be a reduced benefit from the normal Social Security
retirement benefit.3. If I elect the Income Leveling option and there are future cost of livingincreases to my Social Security benefit, is my WSRC/BSRI pension benefit
reduced by the increase in my Social Security benefit?Answer: No, your WSRC/BSRI pension benefit will remain the same.Overview of survivor Payment Options• Employer-Paid Survivor Benefit is paid if you die after earning 15 years of EligibilityService. It is paid if you die while working or after your retirement. It provides
approximately 40% of your pension benefit to your spouse for life, your children
until age 21, or a parent or step-parent for life.• Pre-Payment Spouse Benefit Option is paid if you are vested in the WSRC/BSRIPension Plan and you die as an active FSE with at least 5 but less than 15 years of
Eligibility Service, or as a terminated, vested employee who left the WSRC Team with
a Deferred Vested Pension Benefit (not eligible for retirement). The amount paid to
your spouse equals 50% of your reduced pension benefit and is payable only when
you would have qualified for a pension payment based on your years of Eligibility
Service. This coverage is in effect while you are an active employee or as a terminated
vested employee who left the WSRC Team with a Deferred Vested Pension Benefit,
unless waived. Your pension payment is reduced by the Pre-Payment Spouse Benefit
Reduction amount at the time you, or your survivor, begin receiving a pension
payment. See the Pre-Payment Spouse Benefit section for the factors used in
determining the amount.Page 20 | January 2007• Pre-Retirement Spouse Benefit Option is paid if you die before retirement. In orderfor your spouse to qualify for this coverage, you must be an active FSE age 55 or
older with 15 or more years of Eligibility Service. This coverage is in effect while you
are an active employee (pre-retirement). This coverage is automatic unless waived.
The amount paid to your spouse is an additional 10% of your reduced pension
benefit. Unless waived, there is an actuarial reduction to your pension payment
for this coverage. When you retire, or when your survivor begins receiving your
pension payment, the pension payment is reduced by the Pre-Retirement Spouse
Benefit Reduction amount as explained in the Pre-Retirement Spouse Benefit Option
section. Your spouse is also eligible for the Employer-Paid Survivor Benefit, which is
approximately 40% of your pension benefit.• Post-Payment Spouse Benefit Option (Deferred Vested Pension Benefit) is paid ifyou die after you begin receiving Deferred Vested Pension Benefits. The amount paid
to your spouse equals 50% of your reduced pension benefit. Unless waived, there is
an actuarial reduction to your pension payment for this coverage.• Post-Retirement Spouse Benefit Option provides the same 10% benefit as thePre-Retirement Spouse Benefit Option, except it is paid if you die after retirement.
Unless waived, there is an actuarial reduction to your pension payment for this
coverage.• Post-Retirement Joint and Survivor Benefit Option (if eligible for this option)can provide a percentage (10%, 20%, 30% or 40%) of your pension to any
designated beneficiary upon your death. You must be age 50 with at least 25 years
of Eligibility Service, or be eligible for an unreduced benefit when you retire to be
eligible for this coverage.January 2007 | Page 2sURVIVOR PAymENT OPTIONs
(DEATh BENEFITs)Employer‑Paid survivor BenefitThe Employer-Paid Survivor Benefit is a unique feature of this Plan. It provides a continu-ing income of approximately 40% of your pension benefit to your eligible survivor(s) after
you die. The WSRC Team pays the entire cost of this benefit.For your survivor(s) to be eligible for this benefit, you must be vested with at least 15 yearsof Eligibility Service. The Employer-Paid Survivor Benefit will be paid if you die while
actively employed or after you retire with a Normal, Early, Optional or Incapability Pen-
sion. This benefit is automatic once you become eligible. Your designated survivor(s) will
begin to receive benefits the month following your death.Your eligible survivors are:• Your spouse, or• Your spouse and all minor children (under age 21), or• Your spouse and minor children (under age 21) as specified, or• Your specified minor children (under age 21) as specified, or• One of your parents or stepparentsIf you designated your spouse and minor children as your survivors, payments will con-tinue for as long as your spouse lives. Then, if there are still children under age 21 (who are
designated survivors) when your spouse dies, benefits will continue to them. Payments to
your children will be made in equal shares until they reach age 21. If you named a parent or
stepparent as your survivor, payments will stop at their death.You may change your survivor designations at any time up to the time of retirement. If youdesignate someone other than your spouse, you are required by law to receive your spouse's
consent. If you do not name your survivors, the Plan trustee will pay benefits to your spouse
after you die and then to all minor children after your spouse's death.No election may be made after the date of retirement. However, if the designated benefi-ciary dies before the retiree, the retiree may then specify any eligible beneficiary to receive the
Employer-Paid Survivor Benefit. At retirement, if the spouse waives the coverage, the retiree may name any eligible ben-eficiary under the Plan.Page 22 | January 2007Two separate formulas are used to calculate the Employer-Paid Survivor Benefit. The amountyour survivor would receive upon your death is the greater of the two.Formula 1Credited ServicexAverage Monthly Payx.5%=Survivor Benefit Formula 2(Credited Service x $4)+(4% x Average Monthly Pay)=Survivor Benefit If Credited Service is less than 15 years, the 4% of Average Monthly Pay is multiplied byyour Credited Service and divided by 15.Employer‑Paid Survivor Benefit ExampleSuppose you die while actively employed at age 60 with 25 years of Credited Service. YourAverage Monthly Pay is $3,600. Your spouse and two minor children are your designated
survivors. Here’s how the survivor benefit is calculated:Formula 1Formula 2In this example, your spouse would receive the benefit under Formula 1 ($450 per month).If your spouse dies while your surviving children are still minors, each child would receive
$225 per month ($450 / 2) until age 21.Because you were still employed when you died, your spouse would also receive a Pre-Retirement Spouse Benefit Option (see Page 24), unless you chose not to provide the benefit
with your spouse’s consent.If your spouse is more than five years younger than you, the Employer-Paid Survivor Ben-efit will be actuarially reduced to reflect the age difference.If you die after retirement with a reduced Early or Optional Retirement benefit, the Em-ployer Paid Survivor Benefit will also be reduced by the same early retirement factor.Credited ServicexAverage Monthly Payx.5%=Survivor Benefit 25x$3,600x.005%=$450(Credited Service x $4)+(4% x Average Monthly Pay)=Survivor Benefit (25 x $4)+(.04% x $3,600)=$244January 2007 | Page 2Pre‑Payment spouse Benefit Option CoverageThis benefit is available if you are:• An active vested employee with at least 5 but less than 15 years of Eligibility Service,• A terminated vested employee who left the WSRC Team with a Deferred VestedPension Benefit (see Page 8).Coverage under this benefit is automatic unless waived with Spousal Consent. It can bewaived (stopped) or restarted at any time beginning on the first day of the year you reach age
35 or at the time you leave the WSRC Team with a Deferred Vested Pension Benefit, which-
ever happens first. Coverage ends when you complete 15 years of Eligibility Service. How-
ever, you will pay for this coverage through an actuarial reduction to your monthly pension
benefit regardless of when your pension payment begins. If you wish to waive this coverage,
or restart the coverage once you have waived it, you must contact Retirement Services to
complete the necessary forms.To provide this benefit, your pension is reduced by the percentages in the following tablefor the number of months that coverage is in effect for the age periods shown:Pre-Payment Spouse Benefit Reduction FactorsIf you are eligible for an immediate vested pension benefit at the time of your death,your spouse will receive monthly payments equal to 50% of the reduced pension bene-
fit amount you would have received had your employment ended (with the Pre-Payment
Spouse Benefit in effect) and you applied for benefits to begin on the day before you died.
Payments to your spouse will begin the month following the month in which you died and
end when your spouse dies.If you are not eligible for an immediate vested pension benefit at the time of yourdeath, your spouse will receive monthly payments equal to 50% of the reduced pension
benefit amount you would have been eligible to receive had your employment ended (with
the Pre-Payment Spouse Benefit in effect) on the day before you died, and you applied for
a reduced monthly benefit to begin on the earliest date you would have been eligible for a
benefit. Payments to your spouse will begin the month following the earliest date you could
have begun receiving a pension benefit. Payments will end when your spouse dies.Your agewhen coverage is in effectLess than 3535-44
45-54
55-6465 and over.0002%
.0006%
.0060%
.0400%
.1250%Vested ActiveEmployee.004%
.007%
.025%
.055%
.125%TerminatedVested EmployeePage 2 | January 2007The Pre‑Retirement SpouseBenefit option is anautomatic benefit,if married, unless youchoose to waive thiscoverage with SpousalConsent. You must contactRetirement Servicesto complete to paperworkto waive this coverage.Pre‑Retirement spouse Benefit Option CoverageFor your spouse to qualify for this benefit, you must be an active FSE age 55 or older with 15or more years of Eligibility Service. Coverage under this benefit is automatic (if married) unless
waived with Spousal Consent. The Pre-Retirement Spouse Benefit option is combined with
the Employer-Paid Survivor Benefit, (described on Page 21) if you die while employed with
the WSRC Team. Coverage for the Pre-Retirement Spouse Benefit Option ends when you retire.
However, coverage under the Post-Retirement Spouse Benefit Option begins at the same time.To provide this benefit to your spouse, your pension is reduced by:• .015% for each month coverage is in effect beginning at age 55, but before age 65, and• .025% for each month after age 65, if you are still actively employed.If you die, the benefit will be 10% of the monthly pension benefit amount you would havereceived if you had retired or left the WSRC Team. The Pre-Retirement Spouse Benefit Op-
tion your spouse receives when added to your Employer-Paid Survivor Benefit, will be equal
to approximately 50% of your monthly pension benefit (as if you had retired at the time of
your death).If you do not want this coverage, your spouse must consent in writing to your decision. Youcan elect to stop or restart this coverage at any time after you become eligible and remain an
active employee with the WSRC Team.If your spouse dies before you retire, you can stop coverage. No further reduction willbe applied.Pre-Retirement Spouse Benefit Option ExampleSuppose you elect this coverage at age 55 and die 36 months later at age 58. Assume yourpension at age 58 would have been $700 per month. Here’s how your Pre-Retirement Spouse
Benefit Option is calculated:Pre-Retirement Spouse Benefit Option FormulaThe monthly benefit of $700 you would have received minus $3.78 results in a reducedmonthly benefit of $696.22. Your spouse would receive 10% of this benefit ($696.22 x .10 =
$69.62, rounded up to $70 per month).This amount would be added to the Employer-Paid Survivor Benefit and paid monthly foryour spouse’s lifetime. When your spouse dies, payment of the Pre-Retirement Spouse Benefit
Option ($70) would stop. The Employer-Paid Survivor Benefit would still be paid to your
minor children, if any, (in equal shares) until they reach age 21.Reduction Factor (.015%)xNumber of months coverage was in effectXPension Benefit=Reduction Amount .00015x36X$700=$3.78 January 2007 | Page 2Post‑Payment spouse Benefit Option –
Deferred Vested Pension BenefitYou are eligible for the Post-Payment Spouse Benefit coverage if you are married when yourDeferred Vested Pension Benefit begins.Coverage under this benefit is automatic, if married, unless waived with Spousal Consent.You may not stop or restart this coverage after your Deferred Vested Pension Benefit begins.You pay for the Post-Payment Spouse Benefit coverage through an actuarial reduction inyour monthly Deferred Vested Pension Benefit. The amount your monthly pension benefits
reduced depends on your age and the age of your spouse at the time payments begin and on
the Plan’s investment return rate.If you die while receiving Deferred Vested Pension Benefit with this coverage in effect, yourspouse will receive monthly benefits equal to 50% of the reduced monthly pension benefit
amount you were receiving at the time of your death. At your spouse’s death, all benefits
under this coverage end.If, after your Deferred Vested Pension Benefits begin, your spouse dies before you do, nosurvivor benefits are payable under this option and your Deferred Vested Pension Benefits
will not be readjusted.Page 2 | January 2007Post‑Retirement spouse Benefit Option CoverageIf the Post-Retirement Spouse Benefit Option is not waived by Spousal Consent, a benefitwill be paid to your spouse if you die following retirement.If you retire with a Normal, Early, Optional or Incapability benefit and die, your spousewill receive 10% of your monthly pension benefit amount. However, your spouse will also
receive the Employer-Paid Survivor Benefit described on Page 21. When this 10% benefit is
added to the Employer-Paid Survivor Benefit, your spouse will receive approximately 50% of
the monthly pension benefit you had received prior to your death.This benefit only applies to your spouse. To provide this benefit, your pension will bereduced actuarially based on your age and your spouse’s age on your retirement date. When
your spouse dies, the Post-Retirement Spouse Benefit will stop.If your spouse dies first after you retire, a Post-Retirement Spouse Benefit will not be payable.You will continue to receive the reduced monthly pension benefit for the rest of your life.The Post-Retirement Spouse Benefit may be waived with Spousal Consent before you re-tire. You cannot change or elect this coverage after you retire. If you decline this coverage,
your pension will not be reduced actuarially for this option.Post-Retirement Spouse Benefit ExampleAssume you retire at age 65 with a Normal Retirement benefit. Also, assume that yourmonthly pension would be $1,400, as determined by the formulas on Page 12. This $1,400 is
the amount payable with no Post-Retirement Spouse Benefit coverage. Assume the actuarial
reduction for the 10% coverage is 3%. This means that with the 10% coverage in effect, you
would receive monthly payments of 97% of $1,400 or $1,358. However, when you die, 10%
of this reduced benefit, or $136, will be paid to your spouse monthly until his/her death.
Your spouse would receive this benefit in addition to the Employer-Paid Survivor Benefit
each month for life. In total, your spouse would receive approximately $700 per monthJanuary 2007 | Page 27Post‑Retirement Joint and survivor Option CoverageTo choose this option you must be:• Eligible for an unreduced benefit, or• Age 50 with at least 25 years of Eligibility Service when you retire.You can choose from one of the following Post-Retirement Joint and Survivor Optionsbetween 30 and 90 days before you retire:• 10% joint and survivor annuity,• 20% joint and survivor annuity,• 30% joint and survivor annuity,• 40% joint and survivor annuity.Note: The sum of all survivor benefits may not exceed your actuarially reduced pension.Therefore, the Joint and Survivor annuity amount could be a lesser percentage than actually
chosen. If all survivor benefits are chosen for your spouse, it is possible the spouse may
receive approximately 90% of your monthly pension.If you choose this option, you must elect it no more than 90 days and no less than 30 daysprior to your retirement date. Your spouse (if married) must consent to your electing or
declining the option by signing the spouse consent section of the Post-Retirement Joint and
Survivor Option form. You must agree to take a reduced monthly pension benefit for your
lifetime so that a percentage of your pension benefit (10%, 20%, 30%, 40%) will be paid to
your designated beneficiary after your death. This option is in addition to the Employer-Paid
Survivor benefit and Post-Retirement Spouse Benefit option. Benefits under this option be-
gin the month after your death and continue for the rest of your beneficiary’s life.The beneficiary for the
Employer‑Paid Survivor
Benefit (Page 21) may be
a spouse, minor child(ren),
or parent/step parent.
The additional 10%
Post‑Retirement Spouse
Benefit Option (Page 26)
is available only to your
spouse. However, in the
case of the Post‑Retirement
Joint and Survivor Option,
your beneficiary may be
anyone you choose.
If you are married
you must have
Spousal Consent.If you are married and
are eligible for the Post‑
Retirement Joint and
Survivor Option your
spouse must agree to
either decline or accept
this option. Your spouse’s
agreement must be in
writing and must be
witnessed by a notary public.Page 2 | January 2007Benefit$1,400.00Benefit$1,400.00TimesXMinus–Reduction Factor.0578%Reduction Amount$80.92Equals=Equals=Reduction Amount$80.92Reduced Monthly Benefit$1,319.08 (Round up to $1,320)Joint and Survivor Option CalculationIf you choose the Post-Retirement Joint and Survivor Option, the amount of the reduction isbased on the percentage of your pension you want paid to your beneficiary, your age and your
beneficiary’s age when you retire, and actuarial tables. The Post-Retirement Joint and Survivor
Option reduction reflects the fact that your pension is being paid over two lifetimes.If, after you retire, your beneficiary dies before you do, no survivor benefits will be paid, andyou will continue to receive the actuarially reduced pension benefit for the rest of your life. If
your beneficiary dies before you retire, you may choose another option or name another ben-
eficiary. If you want to change your beneficiary or change this option, you must do so no
less than 30 days before you retire. You will not be permitted to change the percentage
amount or cancel your election during the last 30 days of your employment, unless your
beneficiary dies or you become eligible to elect Incapability or Optional Retirement.Joint and Survivor Option ExampleAssume you retire at age 65 and your pension is calculated at $1,400 per month, payablefor life. Your spouse is age 62. Before retiring, you chose a 20% joint and survivor annuity.
With this option, your spouse would receive a benefit equal to 20% of your base pension.
Keep in mind that these benefits are in addition to the Post-Retirement Spouse Benefit and
the Employer-Paid Survivor Benefit, if eligible.Using the age-related reduction tables in the official plan document in effect at the time ofyour retirement, the actuary determines that the reduction factor of the 20% joint and survi-
vor annuity for a 62 year old is 5.78%. Your pension will be reduced as follows:January 2007 | Page 2Questions and Answers:1. If I elect the Post-Retirement Joint and Survivor Option for my beneficiary andmy beneficiary dies after I retire, will my pension benefit remain reduced for
the remainder of my life?Answer: Yes.2. If I elect the Post-Retirement Joint and Survivor Option for my beneficiary andmy beneficiary dies after I retire, may I name another beneficiary to receive
the payment when I die?Answer: No.3. How is the reduction of my pension determined to pay the cost of the option?Answer: The percentage factor is determined from actuarial tables and is based on the age
difference between the beneficiary and the employee at retirement.Spouse Benefit Options Summary TableThe table below outlines the total possible spousal benefit available, after retirement, underthe Plan.Post-Retirement Employer Paid Survivor BenefitPost-Retirement Spouse Benefit Option
(Automatic unless waived - Employee Paid)Post-Retirement J&S Option
(Optional Employee Paid - 10 % to 40%)Total Possible Spousal Benefit40%10%40%90%Post Retirement BenefitsAvailable for Eligible SpouseApproximate Percentage of Base PensionAvailable to SpousePage 0 | January 2007UNDERsTANDINg sERVICEReferences to Eligibility Service and Credited Service appear throughout this book. It willhelp you to understand how your service with the WSRC Team is measured and how it is
applied in the administration of the Plan. For example, an employee may have 15 years of
Eligibility Service, but only have 10 years of Credited Service as measured under the Plan. In
this instance, the employee would have earned five additional years of Eligibility Service, but
no Credited Service, by working for an Affiliated Entity of the WSRC Team. This difference
could affect your eligibility for certain benefits and, depending upon your age, could allow you
to qualify for Early Retirement with an unreduced pension benefit. Note: Eligibility Service and
Credited Service are expressed in five decimal places (for example, 23.12128 years).Eligibility serviceEffective 01/01/1996, as an FSE, regularly working at least 20 hours per week, you willearn Eligibility Service beginning on your date of hire until you leave the WSRC team, retire
or die. Prior to 01/01/1996, Eligibility Service was determined in the same hourly manner as
described below for a LSE.A LSE will earn a year of Eligibility Service for each consecutive 12-month period begin-ning on your date of hire with the WSRC Team and every year beginning with your anniver-
sary date thereafter during which you are credited with 1,000 or more compensated hours
of service.In addition to your employment with the WSRC Team, you may receive Eligibility Servicefor some or all periods during which you were employed by and earned Eligibility Service
with an Affiliated Entity of the WSRC Team. The determination of recognizing Eligibility Ser-
vice from an Affiliated Entity for the WSRC Team is established by the Benefits Committee.
Generally, the WSRC Team will recognize past Eligibility Service from an Affiliated Entity
as recognized by its’ parent company. Past service of the companies acquired by the parent
company of the WSRC Team will not be recognized for employees currently on the WSRC
Team at the time of the acquisition.You are earningboth Eligibility Serviceand Credited Servicewhile workingfor the WSRC Team.After you earn five yearsof Eligibility Service, youbecome vested. This meansyou are eligible to receivea pension benefit fromthe Plan at your NormalRetirement Age (65).January 2007 | Page Credited serviceEffective 01/01/1996, as an FSE, regularly working at least 20 hours per week, you willearn Credited Service beginning on your date of hire until you leave the WSRC team, retire
or die. Prior to 01/01/1996, Credited Service was determined in the same hourly manner as
described below for a LSE.As an LSE, you earn a year of Credited Service after you complete 2,080 hours of service. Ifyou complete at least 1,000 hours of service within a computation period, you will earn Cred-
ited Service for a portion of the computation period. For example, if you work 1,040 hours in a
computation period, you will earn one-half year (1,040 / 2,080 = .50) of Credited Service.When Credited Service is Not CountedYou will not receive Credited Service for any period during which you were employed byan Affiliated Entity of the WSRC Team. In addition, Credited Service will not be received for
time worked as a leased employee.Break In serviceIf you have a Break in Service and you are rehired, prior Eligibility and Credited Servicewill be restored.For FSEs, you will not have a Break in Service when you are away from work due to:• Approved absences of up to 30 consecutive calendar days,• Short Term Disabilities• Time Bank hours,• Approved leaves for temporary duties outside the WSRC Team,• Time spend in the active military or Reserve Forces in accordance with published policies• Leaves of absences with full or partial pay, or• Family and Medical Leave up to 30 consecutive days.For FSEs, You will have a Break in Service when you are away from work due to:• Voluntary Separation• Leaves of absence without pay in excess of 30 days,• Family and Medical Leave in excess of 30 days,• Terminations for lack of work, and• RetirementEligibility Service
determines when you
become eligible for a
pension benefit,
while Credited Service
determines the amount
of the pension benefit.Page 2 | January 2007DuPont serviceYour service under the DuPont Pension Plan will be included for both Eligibility and Cred-ited Service if you were employed by DuPont Savannah River Plant on March 31, 1989 and
rolled your service to WSRC/BSRI on April 1, 1989.If you Are Transferred To your Parent Company
or an Affiliat

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