Definition of a Contribution (or Credit)
In addition, an employee who is in receipt of any Short-term benefit is awarded a Credit for each complete week (Monday through Saturday) during which he is in receipt of that benefit.
The number of Credits an Insured Person has recorded against his number determines:
i. Whether or not he will qualify for benefit, and
ii. What percentage of his salary he will receive as his pension.
Please refer to the Pension Percentage Computation Chart for the percentage equivalency.