| Eligibility |
- U.S. full-time, salaried and non-bargained Cooper people
|
| Contributions to your Account |
- Pay credits - 3% to 10% based on your age plus your continuous credited
service at the beginning of the plan year
- Earnings credits - set annually at a rate equal to the return on the 30-year
Treasury Bond Yield Statistic and paid on the balance of your account each year
|
| Vesting |
- You are always vested after completing five years of continuous credited service
|
| Receiving benefits |
You are eligible to receive your vested account balance when you:
- terminate employment with Cooper for any reason
- retire
- become disabled and end employment
|
| Payment Options |
- Cash-out
- Single life annuity
- Various joint and survivor annuities
|
