Pension Improvements Announced The Trustees of the Alaska Teamster- Employer Pension Trust met recently to review the status of the Plan. During the meeting, the Board of Trustees adopted the following pension plan improvements: 3% Bonus Accrual Rate – The ongoing benefit accrual rate for the Plan is 2.5% of contributions. However, contributions from July 1, 2000, to June 30, 2002, are being credited at the bonus rate of 3%. A Year of Vesting Service is Now 250 hours – If you work 250 hours, you now earn one year of vesting service (before if took 1,000 hours), and you can still earn additional credit in a year by working more than 2,000 hours. Recapture of Forfeited Service – For those participants who left the plan for a period before they vested, and lost those years, can now recapture the hours and contributions they had lost. Retirees Receive Bonus – Retirees received a bonus check in the month of May 2001. Full details regarding these improvements will be mailed to all pension participants in the very near future.