Summary and comparison of selected pension plans in interstate transportation and the railroad retirement system-Continued
National Maritime
Union pension plan
Trustees may amend
plan at any time but
pension rights pre-
viously accrued not
affected; upon ter-
mination, assets in
fund allocated
among (a) benefici-
aries on rolls, (b)
those already at re-
tirement age, and
(c) those reaching
retirement age in
future.
Service with a partici-
pating employer: 1
year credited for
each year with 200 or
more days in cov-
ered employment;
past-service credit
(before 1951) to em-
ployees with 200
days of work in the
2 years ending Dec.
31, 1953; military
service credited to-
ward benefits.