The total value of your retirement package will depend on the following factors...
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The value of the benefits you receive under the A&B Retirement Plan as determined by:
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Date you became eligible to participate in the Plan (which determines the formula under which you earn benefits); and,
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Your covered compensation over the course of your employment with the Company and other factors, such as your years of credited service as of the date you retire (for employees hired or rehired before January 1, 2008) and interest credit factors (for employees hired or rehired on or after January 1, 2008)
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Your share of the PSR contributions made while you were an eligible plan participant.
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The amount of salary deduction contributions you made to the IDC Plan while you were an eligible plan participant.
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The amount of Company matching contributions A&B made to your IDC Account while you were an eligible plan participant.
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Your TCESOP and rollover account balances, if applicable.
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Your share of the investment earnings, expenses, gains, and losses incurred by your PSR and IDC Accounts.
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Any withdrawals you make from your PSR and IDC Account(s).
If you remain an A&B employee, but become ineligible for the IDC and PSR Plans (for example, you are transferred to a subsidiary or a position that does not participate in those Plans), your benefits under those Plans will be affected as explained below...
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You will become an inactive participant, but you will not lose any benefits earned under the Plans for service up to the date you become ineligible
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You will not be entitled to a share of PSR contributions while an inactive participant
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Your salary deduction contributions will be suspended while you are an inactive participant
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You will continue to share in the investment earnings, expenses, gains, and losses of your Account(s) during your period of inactive participation
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