Pension Plan Summary Plan Description

Letter to Participants

January 2015

Dear Participant:

We are pleased to provide this updated Summary Plan Description of the Northern California Electrical Workers Pension Plan, which we refer to herein as this "booklet." The Plan covers members of IBEW Local 6 who work in Covered Employment under a collective bargaining agreement that requires employer contributions to the Plan. The Plan is designed to provide you a significant retirement benefit once you have retired from active work.

This booklet summarizes the Plan's terms, and is intended only to highlight the Plan's key features. The formal text of the Plan is contained in the Plan document, which controls eligibility, benefit payments, participation, administration and other aspects of your pension. Any ambiguity or conflict between this booklet and the Plan will be governed by the Plan's terms, not this booklet.

The Plan was established effective June 1, 1961, and has been amended and restated several times since. A new restatement effective back to January 1, 2008, will be submitted for approval to the Internal Revenue Service by January 31, 2015. This booklet considers all Plan amendments through December 31, 2014.

Separate from the Plan document, a separate Trust Agreement has been entered into between IBEW Local 6 and the San Francisco Electrical Contractors Association setting forth the duties of the Trustees, among other provisions.

Please read this booklet carefully. If you are married, you may want to discuss this booklet's contents with your spouse. You should keep this booklet for future reference, along with any announced changes to the Plan, at least until the next version of this booklet is distributed.

If you have any questions about the Plan or desire additional information, please contact the Plan Office.

Board of Trustees