Service credited for pension purposes. Plan members earn one full month of pensionable service when they work at least one day per month. Pensionable service is used to determine the amount of a commuted value and a pension.
Formerly Credited Service. The service in the CAAT Pension Plan that is used in calculating a pension benefit, calculated in years and months. If a Member has purchased service or Transferred in Service, that extra service is included in the calculation.
The length of time you worked for an employer that is used in calculating pension benefits from a pension scheme.