SECTION 1. TYPE OF PLAN

This Plan is a multiemployer, collectively bargained defined benefit pension Plan which provides retirement benefits for vested Participants. The Plan contains a formula for determining your pension benefit at retirement. If you are vested, you will be entitled to a defined benefit at retirement based on your years of service and the formula provided in the Plan.

The Plan was restated effective as of January 1, 2002. Previous Plan documents and amendments govern retirement, eligibility and other issues relating to your Pension benefit prior to that date. Many Plan provisions have earlier effective dates pursuant to the Internal Revenue Code and applicable regulations.

The Plan is funded from Employer contributions required to be made to the Plan by a Collective Bargaining Agreement (or a Subscription Agreement). Employees are not permitted to make contributions to the Plan, and therefore you do not have an individual account with this Plan. Instead, benefits are based on your years of Pension Credit and Past Service Credit under Section 5.B. (if applicable), and the value of those Credits when you retire as described in Section 8. The amount of your retirement benefits will also depend on when you retire and the benefit option you select. Benefits are also provided upon your becoming permanently and totally disabled and upon your death.

The current Collective Bargaining Agreement between IBEW 6 and the San Francisco Electrical Contractors Association (and individual Employers if applicable) requires Employers to contribute to the Plan’s Trust Fund at fixed rates per hour for each hour worked by their covered employees. Subscription agreements currently require the same fixed rate contributions from Employers.

The Plan is governed by a federal law known as the Employee Retirement Income Security Act of 1974, as amended (ERISA). Certain vested Plan benefits are insured under the Pension Benefit Guarantee Corporation (PBGC), which was established under ERISA. The PBGC does not, however, guarantee all types of Plan benefits and the amount of benefit protection is subject to certain limitations. See Section 17 for additional information regarding PBGC issues.