HOUR BANK CREDITS
You will receive one credit for each hour worked for which contributions have been made and reported in your name by your employer. These credits are termed “credited hours” and are deposited in your individual “hour bank”
After you have satisfied the initial eligibility requirements, 130 credited hours will be deducted from your hour bank for each month you are covered by the Plan.
Credits accumulated over and above those required to maintain your regular monthly coverage shall accumulate to a maximum of 2,600 hours. Such credits will then be used to continue coverage should you have any months in which you work less than 130 hours. Should you eventually accumulate the maximum of 2,600 credited hours, coverage would remain in force during a period of unemployment for up to 20 months.
Should you pass away while in coverage, coverage will continue for your dependents until your hour bank falls below 130 hours.
Prairie Teamsters Administration Services Ltd.
209, 7260 - 12 St SE Calgary, Alberta T2H 2S5
Telephone 403-252-6924 - Toll Free1-877-817-7526 - Fax 403-253-3231