What is the vesting schedule for the pension plan and how do I know if I am vested or not?
A7. You will become 100% vested in your benefit after you have attained at least five years of vesting service for benefits earned in the U.S. Bank Pension Plan or at least three years of vesting service for benefits earned in the U.S. Bank 2010 Cash Balance Plan. You earn a year of vesting service for each year in which you work at least 1,000 hours. When you are vested in the Pension Plan, you have a right to a pension benefit from the Plan after you terminate your employment with U.S. Bank.
