Summary Plan Description (PDF format)
DEAR PARTICIPANT
WARNING
LIMITATION UPON RELIANCE ON BOOKLET AND STATEMENTS
IF YOU ARE CLOSE TO OR THINKING ABOUT RETIREMENT
QUESTIONS AND ANSWERS
SECTION 1. TYPE OF PLAN
SECTION 2. ADMINISTRATION OF THE PLAN/INVESTMENTS
SECTION 3. PARTICIPATION
A. Commencement of Participation
B. Duration of Participation in the Plan
C. Participation After a Permanent Break in Service
D. Participant Obligations
SECTION 4. EMPLOYER CONTRIBUTIONS
SECTION 5. CREDITED SERVICE AND PENSION CREDIT
A. Credited Service Explained
B. Past Service Pension Credit Defined
C. Future Service Pension Credit Defined
SECTION 6. VESTING
A. General Vesting Rules
B. Counting Credited Service for Vesting Purposes
C. Counting Pension Credits for Vesting Purposes
D. Failure To Vest
SECTION 7. BREAKS IN SERVICE
A. Past Break in Service Rules
B. Current Break in Service Rule: Effective January 1, 1987
C. Example of Break in Service Rule
D. Impact of Break in Service - Example
E. Subsequent Plan Changes Do Not Cure Prior Breaks in Service
F. Special Rule for Persons Retiring on or After January 1, 1994
G. Grace Periods Under the Break in Service Rules
SECTION 8. DETERMINING THE BASIC VALUE OF VESTED PENSION BENEFITS
A. Inside Wiremen Benefits
B. Neon Sign Benefits
C. Motor Shop Benefits
D. Benefits Earned While on Long Term Disability
E. Separation From Employment Explained
G. More Than One Agreement
SECTION 9. ELIGIBILITY FOR NORMAL, EARLY, AND DISABILITY RETIREMENT BENEFITS
A. Normal Retirement Pension
B. Early Retirement Pension
C. Disability Benefits
D. Pension Enhancement Option
E. Increase and/or Extra Payments
F. Minimum Benefits
G. Postponed Retirement/Required Commencement of Benefits
H. Annual Statement of your Benefits
I. Duty to Furnish Information
SECTION 10. BENEFIT PAYMENTS, OPTIONAL FORMS OF BENEFITS AND SURVIVOR ANNUITY OPTIONS
A. General Information on Your Benefit Payments
B. Married Participant--Joint And 50%, 66.7% or 100% Survivor Annuity - Normal Form
C. Single Participants—Single Life Pension is Normal Form of Benefit
D. Other Benefit Options for Single Participants and for Married Participants Exercising Spousal Waiver
SECTION 11. DEATH BENEFITS AND BENEFICIARY DESIGNATION
A. Pre-Retirement Survivor Annuity
B. Lump Sum Death Benefits
C. Naming Your Beneficiary
SECTION 12. PLAN DISTRIBUTION RULES
A. Mandatory Lump Sum Distribution
B. Required Distributions
C. Internal Revenue Code Distribution Rules
D. Benefits May Not Be Transferred To Others
E. Divorce or Support Orders
F. Rollovers
G. Distributions Not Eligible for Rollover
H. Tax Withholding Requirements
I. Overpayment to be Recovered by Plan
SECTION 13. POTENTIAL LOSS OF BENEFITS
A. Insufficient Credited Service or Pension Credit
B. Inadequate or Improper Evidence
C. Domestic Relations Order Approved by Court (Divorce)
D. Break in Service (fail to work in Covered Employment)
E. Prohibited Employment in the Electrical Industry
F. Limit on Past Service
G. Inaccurate Information
H. Unable to Locate (You Disappear)
I. Failure to File Application
J. Federal Contribution/Benefit Limits
K. Death
L. Plan Termination
SECTION 14. IMPACT OF RETURNING TO WORK IN THE ELECTRICAL INDUSTRY AFTER RETIREMENT
A. If You Return to Work After Retirement - Benefit Suspension
B. No Work Allowed Prior to Age 65
C. Limited Work Allowed After Age 65
D. Exceptions to Prohibited Employment
E. Presumptions Regarding Post-Retirement Employment
F. Your Responsibility to Furnish Information
G. Suspension Rules
H. Benefit Payments Following Suspension
SECTION 15. RECIPROCITY
A. Home Fund
B. Procedures
C. Amount and Effective Date of Transfer
D. Allocation of Transferred Contributions
E. Crediting Service in Home Fund
F. Pro-Rata Reciprocity
SECTION 16. CLAIMS AND APPEAL PROCEDURES
A. Claims and Appeal Procedure
B. Claim Denial
C. Appeal of Claim Denial
D. Disability Claims and Appeals-Special Rules
E. Voluntary Arbitration
F. Finality of Decision on Claim-Two Year Period to File Lawsuit
SECTION 17. AMENDMENT, TERMINATION, AND MERGER OF PLAN
A. Amendment of Plan
B. Right to Terminate/Vesting
C. PBGC Insurance Rights in the Event of Plan Termination
D. Merger or Consolidation of Plan With Other Plan
SECTION 18. GENERAL PLAN INFORMATION
A. Name of Plan
B. Plan Administrator
C. Agent for the Service of Legal Process
D. Plan Year
E. Employer Identification Number
F. Funding and Collective Bargaining Agreements
G. Fund Medium
STATEMENT OF ERISA RIGHTS |
