Pilot Benefit Book
Retirement: Pilots’ Money Purchase Pension Plan (PMPPP): Eligibility

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If you were a pilot on May 30, 1999, you automatically became a plan participant on June 1, 1999. Otherwise, you automatically become a plan participant on the first day of the month coincident with or next following:

Your attainment of age 21; and
The first anniversary date of your employment with a Controlled Group Member, if you were credited with at least 1,000 hours of service during your first year of employment. See listing of Controlled Group Members and "Hours of Service," below. If you do not complete 1,000 hours of service during your first employment year, you may do so during any plan year starting with the first plan year beginning after your date of hire. You enter the Plan on the first day of the month coincident with or next following fulfillment of the required 1,000 hours of service.
If you are classified by FedEx Express as an independent contractor or leased employee, you are not eligible to participate in any benefit plans sponsored by FedEx Express, even if such person is later determined by a court or administrative agency having competent jurisdiction to be a common law employee of the employer.

Hours of Service -- Hours of service include each hour that you are paid or entitled to pay by FedEx Express, including time off for vacation, holidays, paid medical absences, jury duty or military duty as required by law.

Hours associated with non-taxable amounts paid from a Pilot's Occupational Illness/Injury Sick Bank shall be counted as hours of service for eligibility, vesting and benefit accrual.

This does not include hours you are paid or entitled to pay just to comply with:

Unemployment compensation laws,
Workers' Compensation laws*
Disability insurance laws
Payment made for medical expense reimbursement or
Service during hours of family medical leaves (except the first 501 hours are used to prevent a one-year break in service).
Hours credited by the Payroll Department are used in determining credited service while actively at work. The Payroll Department credits active pilots with 95 hours per pay periods.

Pilots receive credited service for periods of disability* which are calculated as follows:

Days of Leave ÷ 7 Days x 45 Hours = Total Credited Hours per Leave

*If you are an individual who, on or after June 1, 1992, first becomes eligible for a disability benefit under the terms of the Federal Express Corporation Long Term Disability Plan or the Federal Express Corporation Short Term Disability Plan (as such plans may exist from time to time) or who becomes entitled to receive Workers' Compensation benefits, hours of service shall be credited to you as if your hours of service had been continuously credited during the period of such benefit entitlement up to your normal retirement age, or if greater, and to the extent required by law, for the period for which you qualify for such benefits.