| Distribution Of Benefits |
| Distribution of your Individual Account may be made when any of
the following happens: |
| |
| • You retire at or after age 62. |
| • You work fewer than 400 hours in employment covered by the
Plan during any 12-consecutive-month period. |
| • You die. |
| • You are determined to be totally and permanently disabled
and cannot continue to work at any type of employment regularly performed
by members of the Union. |
| |
| *If distribution is made from your Individual Account before
you reach age 59 1/2 for any reason other than your death or Retirement
after age 55, the distribution may be subject to an additional 10%
excise tax. |
| |
| The Plan permits distribution of your Individual Account to you
(or, if applicable, your Beneficiary) if: |
| |
| • You retire at or after age 62. |
| • You work fewer than 400 hours in employment covered by the
Plan during any 12-consecutive-month period. |
| • You die. |
| • You are determined to be permanently disabled and cannot
continue to work at any type of employment regularly performed by
members of the Union. |
| |
| You may designate a Beneficiary on the form provided
by the Fund Administrator to receive distribution
of your Individual Account if you die. |
| |
| If you are married, your spouse is automatically your Beneficiary
to receive distribution of fifty percent (50%) of your Individual
Account if you die. |
| |
| Your application for benefits under the Plan should be sent to the
Fund Administrator. You have the right to appeal
to the Fund Administrator for a review of its decision. |
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YOUR RIGHTS UNDER THE PLAN
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| Receive Information About Your Plan and Benefits |
| |
| 1. Examine, without charge, at the Fund Administrator's office and
at other specified locations, such as worksites and union halls, all
documents governing the Plan, including insurance contracts and collective
bargaining agreements, and a copy of the latest annual report (Form
5500 Series) filed by the Plan with the U.S. Department of Labor and
available at the Public Disclosure Room of the Pension and Welfare
Benefit Administration. |
| |
| 2. Obtain, upon written request to the Fund Administrator, copies
of documents governing the operation of the Plan, including insurance
contracts and collective bargaining agreements, and copies of the
latest annual report (Form 5500 Series) and updated summary plan description.
The administrator may make a reasonable charge for the copies. |
| |
| 3. Receive a summary of the Plan's annual financial report. The
Fund Administrator is required by law to furnish each participant
with a copy of this summary annual report. |
| |
| 4. Obtain a statement telling you whether you have a right to receive
a pension at normal retirement age and if so, what your benefits would
be at normal retirement age if you stop working under the Plan now.
|
| |
| Prudent Actions by Plan Fiduciaries |
| In addition to creating rights for plan participants ERISA imposes
duties upon the people who are responsible for the operation of the
employee benefit plan. |
| |
| Enforce Your Rights |
| If your claim for a pension benefit is denied or ignored, in whole
or in part, you have a right to know why this was done, to obtain
copies of documents relating to the decision without charge, and to
appeal any denial, all within certain time schedules. |
| |
| Assistance With Your Questions |
| If you have any questions about your Plan, you should contact the
Fund Administrator. |
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