western pennsylvania electrical employees pension plan

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WESTERN PENNSYLVANIA ELECTRICAL EMPLOYEES

PENSION PLAN

SUMMARY PLAN DESCRIPTION

(February, 2010)

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CONTENTS

_________________________________________________________________________

Section Page Number

About This Summary Plan Description ...................................................................................... 1

General Administrative Information ........................................................................................... 2

Becoming A Participant In The Plan .......................................................................................... 5

Earning Plan Benefits .................................................................................................................. 6

Normal Retirement Pension ...................................................................................................... 10

Early Retirement Pension .......................................................................................................... 13

Deferred Vested Pension ........................................................................................................... 15

Disability Benefits ..................................................................................................................... 17

Death Benefits ........................................................................................................................... 23

Claims ........................................................................................................................................ 28

Qualified Domestic Relations Orders ....................................................................................... 30

Circumstances Which May Result In Disqualification, Ineligibility, Denial, Loss, Forfeiture Or Suspension Of Benefits ................................................................. 32

Miscellaneous Information ........................................................................................................ 33

Contributions To The Plan ........................................................................................................ 35

Plan Termination Insurance ...................................................................................................... 36

Statement Of Erisa Rights ......................................................................................................... 37

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Section 1 ABOUT THIS SUMMARY PLAN DESCRIPTION

The Board of Trustees is pleased to provide you with this booklet describing your pension

benefits under the Western Pennsylvania Electrical Employees Pension Plan.

This booklet is called a Summary Plan Description. It introduces the Plan to you and

answers the most frequently asked questions about it. Keep the booklet in a safe place and refer

to it whenever you have questions about the Plan. If you still have questions after reading the

booklet, contact the Secretary of Funds. You may also contact the Secretary of Funds to find out

whether the Plan has been amended to change any feature described in this Summary Plan

Description.

The booklet is only a summary of the Plan. It does not give full details, nor does it cover

all technical aspects of the Plan that may affect your right to participate in or to receive benefits

under the Plan. The complete terms of the Plan are contained in the governing legal documents

which establish the Plan and the related trust fund.

You, your beneficiaries and your personal representatives may examine the legal plan

documents during regular business hours or by appointment in the office of the Secretary of

Funds. You can receive copies of the legal plan documents for a reasonable charge, upon written

request made to the Secretary of Funds.

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Section 2 GENERAL ADMINISTRATIVE INFORMATION

2-1 Plan Name

The Western Pennsylvania Electrical Employees Pension Plan

2-2 Type of Plan

The Plan is a multiemployer, defined benefit pension plan providing retirement, disability

and death benefits.

2-3 Plan Identification Numbers

The employer identification number assigned to the Plan by the Internal Revenue Service

is 25-6032108. The plan identification number assigned to the Plan by the Board of

Trustees is 001.

2-4 Operation and Administration of the Plan

The operation and administration of the Plan is the responsibility of the Board of Trustees

of the Western Pennsylvania Electrical Employees Pension Plan, with offices at 5 Hot

Metal Street, Suite 301, Pittsburgh, PA 15203-2357.

The members of Board of Trustees are as follows:

Union Trustees:

Michael R. Dunleavy Dennis E. Eicker

IBEW Local Union No. 5 IBEW Local Union No. 5

5 Hot Metal Street 5 Hot Metal Street

Suite 400 Suite 400

Pittsburgh, PA 15203-2355 Pittsburgh, PA 15203-2355

Thomas H. Higgins

IBEW Local Union No. 5

5 Hot Metal Street

Suite 400

Pittsburgh, PA 15203-2355

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Employer Trustees:

James R. Ferry James W. Gloekler

Ferry Electric Company Star Electric Corporation

250 Curry Hollow Road 120 23rd Street

Pittsburgh, PA 15236 Pittsburgh, PA 15215

Charles L. Fuellgraf, III

Fuellgraf Electric Company

245 Pittsburgh Road

Suite 100

Butler, PA 16001

The Plan is administered through the office of the Secretary of Funds, Albert R. Johnson.

The office telephone number is: (412) 432-1156.

2-5 Name and Address of Union and Employer Associations

Local Union No. 5, International Brotherhood of Electrical Workers located at 5 Hot

Metal Street, Suite 400, Pittsburgh, Pennsylvania 15203-2355, representing the

employees and the Western Pennsylvania Chapter.

The Western Pennsylvania Chapter, Incorporated, National Electrical Contractors

Association located at 5 Hot Metal Street, Suite 301, Pittsburgh, Pennsylvania 15203-

2357, representing the most significant group of employers.

Upon written request, participants and beneficiaries may receive information from the

Secretary of Funds as to whether a particular employer or employee organization is a

sponsor of the Plan and, if the employer or employee organization is a plan sponsor, the

sponsor’s address.

2-6 Collective Bargaining Agreements and Contributions

Parties to the Collective Bargaining Agreement relating to the Plan are Local No. 5,

International Brotherhood of Electrical Workers and the contributing employers who are

either parties represented by the Western Pennsylvania Chapter, Incorporated, National

Electrical Contractors Association or parties by direct representation. The Collective

Bargaining Agreement contains provisions providing for the rate of employer

contributions to the Pension Trust Fund. A copy of the Collective Bargaining Agreement

is available from the Secretary of Funds. A copy is also available for examination by

participants and beneficiaries at the offices of Local Union No. 5, International

Brotherhood of Electrical Employees.

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2-7 Funding Medium

The Western Pennsylvania Electrical Employees Pension Fund is the funding medium

used to accumulate assets and through which benefits are provided.

2-8 Plan’s Fiscal Year

January 1 - December 31

2-9 Legal Counsel

Jeffrey J. Leech, Esquire

Tucker Arensberg, P.C.

1500 One PPG Place

Pittsburgh, Pennsylvania 15222

2-10 Agent for Service of Legal Process

The Plan’s Legal Counsel is designated as agent for service of legal process upon the

Plan. Legal process may also be served upon any Plan Trustee.

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Section 3 BECOMING A PARTICIPANT IN THE PLAN

3-1 Eligibility Requirements

You are eligible to participate in the Plan if you work within the territorial jurisdiction of

Local Union No. 5 and your work is covered by a collective bargaining agreement which requires

contributions to be made by your employer to the Pension Fund.

You may also be eligible to participate in the Plan if your work is not covered by a

collective bargaining agreement but your employer signs a participation agreement with the

Trustees which requires your employer to make contributions to the Pension Fund on your

behalf. This category includes persons employed by the Union.

3-2 When You Become A Participant

You will enter the Plan as a participant as of the first date upon which you perform

service with an employer in Covered Employment. “Covered Employment” means work for

which you are paid or entitled to be paid by your employer and for which your employer is

obligated to make contributions to the Pension Fund on your behalf.

You are not required to receive credit for any minimum period of service in Covered

Employment in order to enter the Plan. There is no minimum age requirement to enter the Plan.

3-3 Restrictions On Participation

You will not be eligible to participate in the Plan if you were at any time covered by a

terminated retirement plan (other than a multiemployer plan) funded by your employer if the

contributions or benefits which may be provided to you under the terminated plan and under this

Plan exceed certain maximum limits imposed by federal law.

If your work for the employer is not covered by a collective bargaining agreement, you

may be ineligible to participate in the Plan unless your employer can meet certain coverage

requirements imposed by the Internal Revenue Code.

If you think that either or both of these special situations may apply to you, contact the

Secretary of Funds for more information.

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Section 4 EARNING PLAN BENEFITS

4-1 Quarters of Participation

Your benefits under the Plan will be based on the total number of “Quarters of

Participation” credited to you under the Plan.

In Plan Years beginning on or after January 1, 1992, you will receive credit for full and

partial Quarters of Participation based on total “Hours of Service” in Covered Employment

credited to you for the Plan Year as follows:

Hours of Service in Covered Employment

Credited

Quarter of Participation Credited

0 - 399 0

400 - 799 1

800 - 999 2

1,000 - 1,499 3

1,500 or more 4

See Appendix “A” of this booklet for rules applicable to crediting of service for purposes

of earned benefits in Plan Years beginning before January 1, 1992.

4-2 Hours of Service

For purposes of determining your Quarters of Participation, you are credited with Hours

of Service for the hours you are paid or entitled to be paid for work in Covered Employment.

Beginning January 1, 2000, if you incur a work-related injury while in Covered

Employment and receive workers’ compensation wage replacement benefits, you are credited

with 40 Hours of Service for each complete week after January 1, 2000 for which you receive the

wage replacement benefits, up to maximum credit of 400 Hours of Service for any calendar year

quarter. You are eligible for this credit for a work-related injury incurred before or after January

1, 2000 (but Hours of Service will be credited only for weeks beginning after January 1, 2000).

To receive credit, you must apply on an application form available from the Secretary of Funds,

and you must submit satisfactory proof of the receipt of the workers’ compensation benefits.

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Beginning January 1, 2002, if you become sick or disabled while in Covered Employment

and receive Sickness and Disability Benefits under the Sickness and Disability Benefits Program

of the Western Pennsylvania Electrical Employees Insurance Trust Fund, you are credited with 8

Hours of Service for each day from and after January 1, 2002 for which you receive the Sickness

and Disability Benefits, up to a maximum of 40 Hours of Service for any calendar week and 400

Hours of Service for any calendar year quarter. You are eligible for this credit for a sickness or

disability incurred before or after January 1, 2002 (but Hours of Service will be credited only for

benefits paid from and after January 1, 2000). To receive credit, you must submit satisfactory

proof of the receipt of the Sickness and Disability Benefits to the Secretary of Funds.

4-3 Breaks In Service

You will experience a “One-Year Break in Service” for any Plan Year in which you are

credited with less than 400 Hours of Service with your employer. (See Appendix “A” for break

in service rules applicable before January 1, 1976.) For purposes of determining a One-Year

Break in Service, you will be credited with an Hour of Service for each hour you work in

Covered Employment and for any paid periods of absence such as vacations, holidays, military

duty, etc.

If you incur a “One-Year Break in Service,” your Quarters of Participation credited before

the One-Year Break in Service will not be credited to you until you again complete a Year of

Service under the Plan. You will be credited with one (1) “Year of Service” for each Plan Year

in which you are credited with at least 800 Hours of Service.

A “Break in Service” can cause you to permanently lose all of your credited Quarters of

Participation before your “One-Year Break in Service.” You will incur a “Break in Service” and

not receive credit for any Quarters of Participation credited prior to the Break in Service if:

you experience a “One-Year Break in Service” before your benefits are “vested”

(nonforfeitable) (see Section 7-6, Vesting);

your total number of consecutive “One-Year Breaks in Service” is equal to or

greater than your total Years of Service before your Break (e.g. you missed more

years in a row than the total years you worked until your Break), and

your total number of consecutive “One-Year Breaks in Service” is 5 years or more

(effective after December 31, 1984).

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The following table shows examples of these rules if your benefits are vested after five

(5) Years of Service (see Section 7-6, Vesting):

Years of Service Before a

Break

Consecutive

Breaks-in-Service

Starting Credit for

Years of Service

After a Break

5 (vested) 10 5

5 (vested) 5 5

4 (not vested) 5 0

4 (not vested) (less than 5) 4




The following table shows examples of these rules if your benefits are vested after ten (10) Years

of Service (see Section 7-6, Vesting):

Years of Service Before a

Break

Consecutive

Breaks-in-Service

Starting Credit for

Years of Service

After a Break

10 (vested*) 12 10

8 (not vested) 7 8

8 (not vested) 8 0

8 (not vested) 9 0

5 (not vested) 5 0





* Collectively bargained employee

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You may not be charged with a Break in Service for a period of absence from work with

your employer because of your pregnancy, the birth of your child, the placement of a child with

you in connection with adoption, or for purposes of caring for such child for a period

immediately following such birth or placement.

A leave of absence from employment with your employer under the Family and Medical

Leave Act of 1993, or for military leave under the Uniformed Services Employment and

Reemployment Rights Act of 1994 (or applicable prior federal law) will not constitute a Break in

Service, if you comply with all of the requirements of federal law.

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Section 5 NORMAL RETIREMENT PENSION


You will be eligible for a Normal Retirement Pension if you terminate Covered

Employment upon reaching age 65 (your “Normal Retirement Age”).

5-2 Benefits - Unmarried Participants

If you are not married when your Normal Retirement Pension is scheduled to begin, your

benefits will be paid in the form of a Single Life Annuity. A Single Life Annuity will provide

you with a monthly pension payable for your lifetime.

[NOTE: If the present value of your pension does not exceed $5,000, your pension will be paid

to you only in a lump sum payment of the present value.]

5-3 Benefits - Married Participants

If you are married when your Normal Retirement Pension is scheduled to begin, your

benefits will be paid in the form of a Qualified Joint and Survivor Annuity or a Qualified

Optional Survivor Annuity.

A Qualified Joint and Survivor Annuity will provide you with a monthly pension for as

long as you live. Upon your death, your surviving spouse will receive monthly payments equal

to 50% of the monthly amount paid to you during your lifetime, until your spouse’s death. Your

spouse will receive this lifetime surviving spouse benefit even if your spouse remarries.

A Qualified Optional Survivor Annuity will provide you with a monthly pension for as

long as you live. Upon your death, your surviving spouse will receive monthly payments equal

to 75% of the monthly amount paid to you during your lifetime, until your spouse’s death. Your

spouse will receive this lifetime surviving spouse benefit even if your spouse remarries.

The monthly amount of your pension will be reduced to cover the Plan’s cost of

providing benefits to your spouse.

If your spouse dies before you do and you choose the 50% Qualified Joint and Survivor

Annuity of the 75% Qualified Optional Survivor Annuity, the monthly amount of your pension

will increase (“pop-up”) to the monthly amount that would have been payable to you if you were

not married on the date that your monthly pension began. You must notify the Secretary of

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Funds when if your spouse dies before you. You will not receive the “pop-up” retroactively

between the time when your spouse dies and the time that you notify the Secretary of Funds.

With your spouse’s written consent, you may waive both the Qualified Joint and Survivor

Annuity and Qualified Optional Survivor Annuity forms of payment, and receive your benefits in

the form of a Single Life Annuity which will provide you with a monthly pension payable for

your lifetime only.

[NOTE: If the present value of your pension does not exceed $5,000, your pension will be paid

to you only in a lump sum payment of the present value.]

5-4 Benefit Calculation -

Unmarried Participants

If you are unmarried at retirement, the monthly amount payable to you under the Single

Life Annuity will be based on the Plan’s monthly benefit amount ($12.00 effective December 1,

2000) multiplied by the total number of Quarters of Participation credited to you under the Plan.

Here’s an example:

When you decide to retire at age 65, you are credited with one-hundred (100) Quarters of

Participation under the Plan. Your benefit will be $1,200.00 per month ($12.00 x 100).

5-5 Benefit Calculation -

Married Participants

If you are married at retirement, and you choose the monthly amount payable to you to be

paid as a Qualified Joint and Survivor Annuity, your benefit will be based on the Plan’s monthly

benefit amount ($12.00 effective December 1, 2000) multiplied by the Quarters of Participation

credited to you under the Plan, and multiplied by the Plan’s 50% joint and survivor annuity

adjustment percentages. The Plan’s 50% joint and survivor annuity adjustment percentages are

listed in Appendix “B” of this booklet.


You decide to retire at age 65. Your spouse is age 60. You are credited with one-hundred

(100) Quarters of Participation under the Plan. Your benefit will be $1,008.00 per month

[$12.00 x 100 x 84% (from Appendix “B”)].

If you die first, your spouse’s benefit will be $504.00 per month ($1,008.00 x 50%).

If your spouse dies before you do, the amount of your benefit will increase to $1,200.00 per

month (the Single Life Annuity amount for an unmarried participant).

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If you and your spouse waive the Qualified Joint and Survivor Annuity and elect the Single

Life Annuity, your benefit will be $1,200.00 per month ($12.00 x 100).

If you are married at retirement, and you choose the monthly amount payable to you to be

paid as a Qualified Optional Survivor Annuity, your benefit will be based on the Plan’s monthly

benefit amount ($12.00 effective December 1, 2000) multiplied by the total number of Quarters

of Participation credited to you under the Plan, and multiplied by the Plan’s 75% optional

survivor annuity adjustment percentages. The Plan’s 75% optional annuity adjustment

percentages are listed in Appendix “C” of this booklet.


You decide to retire at age 65. Your spouse is age 60. You are credited with one-hundred

(100) Quarters of Participation under the Plan. Your benefit will be $930 per month

[$12.00 x 100 x 77.5% (from Appendix “C”)].

If you die first, your spouse’s benefit will be $697.50 per month ($930 x 75%).

If you and your spouse waive the Qualified Optional Survivor Annuity and elect the Single

Life Annuity, your benefit will be $1,200.00 per month ($12.00 x 100).

5-6 When Normal Retirement Pensions Begin

Your Normal Retirement Pension will begin after the Trustees approve your application

for benefits submitted on an application form available from the Secretary of Funds. (See Section

10 - Claims - for information on the application procedure.)

Your monthly pension benefit payments must begin by April 1 of the year after the year

in which you reach age 70 ½ (or if later, April 1 of the year after the year in which you retire),

whether or not you apply for your benefits.

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Section 6 EARLY RETIREMENT PENSION


You will be eligible for an Early Retirement Pension if:

you terminate Covered Employment at or after reaching age 60 (and before age

65); and

you are credited with at least 400 Hours of Service in Covered Employment

during the Plan Year in which you terminate Covered Employment or during the

preceding Plan Year.

You will also be eligible for an Early Retirement Pension if you reach age 62 and you

have been receiving a Preretirement Auxiliary Disability Benefit under the Plan.


The form of monthly pension benefit payable to an unmarried Participant eligible for an

Early Retirement Pension is the same as the form of the monthly pension benefit payable to an

unmarried Participant eligible for a Normal Retirement Pension. (See Section 5-2, Benefits -

Unmarried Participants.)


The forms of monthly pension benefit available to a married Participant eligible for an

Early Retirement Pension are the same as the forms of the monthly pension benefit available to a

married Participant eligible for a Normal Retirement Pension. (See Section 5-3, Benefits -

Married Participants.)

6-4 Benefit Calculations

The calculations of the monthly pension benefits payable to unmarried Participants and

married Participants eligible for Early Retirement Pensions are the same as those for the monthly

pension benefits payable to unmarried Participants and married Participants eligible for Normal

Retirement Pensions. (See Section 5-4, Benefit Calculations - Unmarried Participants, and

examples; Section 5-5, Benefit Calculations - Married Participants, and examples.)

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6-5 When Early Retirement Pensions Begin

You can apply for and receive your Early Retirement Pension at any time after your reach

age 60. Your Early Retirement Pension will begin after the Trustees approve your application for

benefits submitted on an application form available from the Secretary of Funds. (See Section 10

- Claims - for information on the application procedure.)


in which you reach age 70 ½, whether or not you apply for your benefits.

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Section 7 DEFERRED VESTED PENSION


You will be eligible for a Deferred Vested Pension if:

you terminate Covered Employment for any reason other than normal retirement

at age 65 or later, early retirement at age 60 or later, death, or total disability (as

described in Section 8, Disability Benefits); and

you are “vested” in your earned benefits under the Plan as described in “Vesting”

below.


The form of monthly pension benefit payable to an unmarried Participant eligible for a

Deferred Vested Pension is the same as the form of the monthly pension benefit payable to an

unmarried Participant eligible for a Normal Retirement Pension. (See Section 5-2, Benefits -

Unmarried Participants.)


The forms of monthly pension benefit available to a married Participant eligible for a

Deferred Vested Pension are the same as the forms of the monthly pension benefit available to a

married Participant eligible for a Normal Retirement Pension. (See Section 5-3, Benefits -

Married Participants.)

7-4 Benefit Calculations

The calculations of the monthly pension benefits payable to unmarried Participants and

married Participants eligible for Deferred Vested Pensions are the same as those for the monthly

pension benefits payable to unmarried Participants and married Participants eligible for Normal

Retirement Pensions. (See Section 5-4, Benefit Calculations - Unmarried Participants, and

examples; Section 5-5, Benefit Calculations - Married Participants, and examples.)

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7-5 When Deferred Vested Pensions Begin

You can apply for and receive your Deferred Vested Pension at any time after your reach

age 60. Your Deferred Vested Pension will begin after the Trustees approve your application for

benefits submitted on an application form available from the Secretary of Funds. (See Section 10

- Claims - for information on the application procedure.)


in which you reach age 70 ½, whether or not you apply for your benefits.

7-6 Vesting

Even though you are a Participant in the Plan and you have earned credit toward pension

benefits under the Plan, you are not entitled to receive any Deferred Vested Pension benefits

from the Plan unless your earned benefits are “vested” (nonforfeitable), based upon your credited

Years of Service under the Plan.

Beginning January 1, 1999, you are fully (100%) vested in your earned benefits if you are

credited with five (5) Years of Service under the Plan (if credited with an Hour of Service on or

after January 1, 1999). Prior to then, you were fully (100%) vested in your earned benefits when

you were credited with ten (10) Years of Service under the Plan.

You will be credited with one (1) Year of Service (See Section 4-3, Break In Service) for

each Plan Year in which you are credited with at least 800 Hours of Service. (See Section 4-2,

Hours of Service.) You will not be credited with more than one (1) Year of Service for vesting

purposes during a Plan Year. (See Appendix “A” of this booklet for rules applicable to crediting

of service in Plan Years beginning before January 1, 1992.)

If you incur a “One-Year Break in Service, your Years of Service for vesting purposes

credited before the One-Year Break in Service will not be credited to you until you complete an

additional year of Service. Also, under some circumstances, a “Break in Service” can cause you

to permanently lose all of your Years of Service for vesting purposes credited before a One-Year

Break in Service. (See Section 4-3, Breaks in Service.)

If your work for your employer is not covered by a collective bargaining agreement,

contact the Secretary of Funds for information concerning vesting and service credit rules that

apply to your situation.

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Section 8 DISABILITY BENEFITS

8-1 Eligibility for Preretirement

Auxiliary Disability Benefit

Beginning January 1, 1999, you are eligible for a Preretirement Auxiliary Disability

Benefit if:

your Covered Employment terminates before age 62;

you become totally disabled, as described in the Plan;

you are credited with at least 400 Hours of Service in Covered Employment

during the Plan Year in which you become totally disabled or during the preceding

Plan Year;

you are credited with forty (40) or more Quarters of Participation as of the date

you terminate Covered Employment; and

you submit proof satisfactory to the Trustees of a final award of disability benefits

under the Social Security Act.

While you are receiving a Preretirement Auxiliary Disability Benefit, you will not be

eligible to receive any other pension benefit provided by the Plan. However, if payment of your

Disability Benefit begins on or after January 1, 1999, as discussed below in this Section 8, you

may be eligible to continue to receive a portion of your Disability Benefit after you qualify for an

Early Retirement Pension at age 62.

8-2 Benefit Calculation

If you are credited with eighty (80) or more Quarters of Participation, your Preretirement

Auxiliary Disability Benefit is calculated by multiplying the number of your credited Quarters of

Participation by the Plan’s monthly benefit amount ($12.00 effective December 1, 2000). (See

Section 4 for a description of the manner in which your Quarters of Participation are

calculated.)

If you are credited with less than eighty (80) Quarters of Participation and payment of

your Preretirement Auxiliary Disability Benefit begins on or after January 1, 1999, your

Disability Benefit is calculated by multiplying the Plan’s monthly benefit amount ($12.00

effective December 1, 2000) by the lesser of:

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eighty (80) Quarters of Participation; or

the total number of Quarters of Participation (but not more than 80) you could be

credited with if you continued to participate in the Plan and were credited with

Quarters of Participation until age 62.

Here are examples:

80 or More Quarters of Participation At Disability

You terminate Covered Employment in 1999 at age 56 after you become totally disabled, and

you are credited with 100 Quarters of Participation. One Hundred Quarters of Participation will

be used to calculate your Preretirement Auxiliary Disability Benefit, and your Disability Benefit

will be $1,200.00 per month ($12.00 x 100).

Less than 80 Quarters of Participation At Disability

You terminate Covered Employment at age 56 in 1999 after you become totally disabled, and

you are credited with 64 Quarters of Participation. You can be credited with an additional 24

Quarters of Participation if you continued to participate in the Plan until age 62. One Hundred

Quarters of Participation will be used to calculate your Preretirement Auxiliary Disability

Benefit, and your Disability Benefit will be $960.00 per month ($12.00 x 80).

You terminate Covered Employment at age 56 in 1999 after you become totally disabled, and

you are credited with 44 Quarters of Participation. You can be credited with an additional 24

Quarters of Participation if you continued to participate in the Plan until age 62. Sixty-Eight

Quarters of Participation will be used to calculate your Preretirement Auxiliary Disability

Benefit, and your Disability Benefit will be $816.00 per month ($12.00 x 68).

8-3 Preretirement Auxiliary Disability Benefit

Your Preretirement Auxiliary Disability Benefit will be a monthly payment beginning as

of the first day of the month following the date you apply for benefits and are determined to have

met all the requirements for the Benefit. The application form is available from the Secretary of

Funds.

Your Preretirement Auxiliary Disability Benefit payments will continue until you qualify

for an Early Retirement Pension at age 62. However, part of your Preretirement Auxiliary

Disability Benefit will continue to be paid to you after age 62 if:

payment of your Disability Benefit begins on or after January 1, 1999;

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you receive the Disability Benefit until you reach age 62, when you qualify for an

Early Retirement Pension; and

the Disability Benefit you are receiving at age 62 is more than the Early

Retirement Pension you can receive (in the Single Life Annuity form of payment).

In that case, the amount of your Disability Benefit that is in excess of your Early

Retirement Pension will continue to be paid to you for your lifetime. Thus, the total lifetime

monthly benefit you receive after age 62 (from your Early Retirement Pension and Disability

Benefit) will be the same as the Disability Benefit you were receiving before age 62.

Here’s an Example:

You become totally disabled in 1999 at age 56 with 44 Quarters of Participation and receive a

monthly Preretirement Auxiliary Disability Pension of $816.00 per month, based upon the total

68 Quarters of Participation you could be credited with at age 62 ($12.00 x 68).

You continue to receive your Preretirement Auxiliary Disability Benefit until age 62 when you

qualify for an Early Retirement Pension. Your monthly Early Retirement Pension at age 62

would be $528.00 based upon your 11 Quarters of Participation ($12.00 x 44), if paid in the

Single Life Annuity form of payment.

The portion of your Disability Benefit in excess of your Early Retirement Pension is $288.00

($816.00 - $528.00). You will continue to receive $288.00 of your Disability Benefit each month

for life, in addition to your Early Retirement Pension. Thus, you will receive a total lifetime

monthly benefit of $816.00, consisting of a $528.00 monthly Early Retirement Pension plus a

$288.00 monthly Disability Benefit.

If you are married and continue to receive a portion of your Preretirement Auxiliary

Disability Benefit after you qualify for an Early Retirement Pension at age 62, the Qualified Joint

and Survivor Annuity or Qualified Optional Survivor Annuity forms of payment will apply only

to your Early Retirement Pension. (The Qualified Joint and Survivor Annuity and Qualified

Optional Survivor Annuity forms of payment are described in Section 5-3, Benefits - Married

Participants.) Thus, only your Early Retirement Pension will be reduced for payment in either

the Qualified Joint and Survivor Annuity or Qualified Optional Survivor Annuity forms of

payment, and the monthly benefit paid to your surviving spouse under either the Qualified Joint

and Survivor Annuity or Qualified Optional Survivor Annuity forms of payment upon your death

will be based solely upon your Early Retirement Pension.

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Here’s an Example:

When you attain age 62, you are eligible to receive a monthly Early Retirement Pension equal to

$528.00 if paid in the Single Life Annuity form of payment, plus a portion of your monthly

Preretirement Auxiliary Disability Benefit equal to $288.00. You are married to a spouse age

61, and your Early Retirement Pension is paid in the Qualified Joint and Survivor Annuity form

of payment.

Your Early Retirement Pension will be $454.08 [$528.00 x 86% (from Appendix B)], and you

will receive a total lifetime monthly benefit of $742.08, consisting of a $454.08 monthly Early

Retirement Pension and a monthly $288.00 Disability Benefit.

If you die before your spouse, your spouse’s benefit under the Qualified Joint and Survivor

Annuity will be $227.04 ($454.08 x 50%). If your spouse dies before you, your Early Retirement

Pension will increase to $528.00, and you will thereafter receive a total benefit of $816.00 for

life, consisting of a $528.00 Early Retirement Pension plus a $288.00 Disability Benefit.

Any pension benefit for which you otherwise qualify under the Plan is not reduced by any

amounts you receive under the Preretirement Auxiliary Disability Benefit.

Payment of your Preretirement Auxiliary Disability Benefit will stop if you die before age

62. If you are married at that time, your surviving Eligible Spouse will be eligible for the

Qualified Preretirement Survivor Annuity. (See Section 9-3, Qualified Preretirement Survivor

Annuity.)

8-4 What Happens If You Return To Work

If you return to work in Covered Employment, your Preretirement Auxiliary Disability

Benefit payments will stop.

8-5 Eligibility for Deferred Vested

Auxiliary Disability Benefit

Beginning November 1, 2000, you are eligible for a Deferred Vested Auxiliary Disability

Benefit if:

you are eligible for a Deferred Vested Pension by reason of your prior

participation in the Plan (See Section 7, Deferred Vested Pension);

you are totally disabled, as described in the Plan, before age 60 (whether

commencing before or after November 1, 2000); and

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you submit proof satisfactory to the Trustees of a final award of disability benefits

under the Social Security Act.

You will not be eligible for a Deferred Vested Auxiliary Disability Benefit if you can

qualify for a Preretirement Auxiliary Disability Benefit described in the first part of this Section

8.

While you are receiving a Deferred Vested Auxiliary Disability Benefit, you will not be

eligible to receive any other pension benefit provided by the Plan.

8-6 Benefit Calculation

Your Deferred Vested Auxiliary Disability Benefit is calculated the same way your

Deferred Vested Pension was calculated, but assuming in all cases that you are not married. (See

Section 7-4, Benefit Calculations.)


You are eligible to receive a Deferred Vested Pension equal to $720.00 ($12.00 x 60 Quarters of

Participation).

You become totally disabled before age 60 and are eligible for the Deferred Vested Auxiliary

Disability Benefit. Your Deferred Vested Auxiliary Disability Benefit will be $720.00 per

month.

8-7 Deferred Vested Auxiliary Disability Benefit

Your Deferred Vested Auxiliary Disability Benefit will be a monthly payment beginning

as of the first day of the month following the date you apply for benefits and are determined to

have met all the requirements for the Benefit. The application form is available from the

Secretary of Funds.

Your Deferred Vested Auxiliary Disability Benefit payments will continue until you

reach age 60. At that time, you will be eligible to apply for payment of your Deferred Vested

Pension. (See Section 7, Deferred Vested Pension.)

Payment of your Deferred Vested Auxiliary Disability Benefit will stop if you die before

age 60. If you are married at that time, your surviving Eligible Spouse will be eligible for the

Qualified Preretirement Survivor Annuity. (See Section 9-3, Qualified Preretirement Survivor

Annuity.)

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Any pension benefit for which you otherwise qualify under the Plan is not reduced by any

amounts you receive under the Deferred Vested Auxiliary Disability Benefit.

8-8 What Happens If You Return To Work

If you return to work in Covered Employment, your Deferred Vested Auxiliary Disability

Benefit payments will stop.

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Section 9 DEATH BENEFITS

9-1 Post-Retirement Spousal

Death Benefits

If you are married when you begin to receive a Normal Retirement Pension, Early

Retirement Pension, or Deferred Vested Pension, and if your benefit is paid in the form of a

Qualified Joint and Survivor Annuity during your lifetime, reduced payments will continue to

your surviving spouse after your death as described in Sections 5-3 and 5-5.

For these purposes, the person who is your spouse at the time your benefits begin is the

person entitled to receive the spousal benefits under the Qualified Joint and Survivor Annuity

form of payment unless a Qualified Domestic Relations Order described below states otherwise.

(See Section 11, Qualified Domestic Relations Orders.)

9-2 Post Retirement Death Benefit

If you die after you begin to receive retirement pension benefits (which do not include

Preretirement or Deferred Vested Auxiliary Disability Benefits), your designated Beneficiary(ies)

will be paid a lump sum death benefit equal to twelve (12) times the monthly benefit payable as a

Single Life Annuity ($12.00 x Quarters of Participation x 12).

If there is no Beneficiary at your death, a Beneficiary will be designated for you under the

terms of the Plan in the following order: (1) spouse; (2) children; (3) parents; or (4) your estate

or any testamentary or other trust you created.

9-3 Qualified Preretirement Survivor Annuity

If you die before you start drawing a Normal Retirement Pension, Early Retirement

Pension, or Deferred Vested Pension under the Plan, your surviving “Eligible Spouse” will be

entitled to receive monthly payments for his/her lifetime under a Qualified Preretirement

Survivor Annuity based on the vested benefits you have earned under the Plan before your death,

and based upon a Qualified Joint and Survivor Annuity for you and your Eligible Spouse.

Your “Eligible Spouse” is the person to whom you were legally married throughout the one year period ending on the date of your death.

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Your surviving Eligible Spouse can apply for this benefit at any time after your death.

Payment cannot begin before the first day of the month following the date your spouse applies for

the benefit on the application form available from the Secretary of the Funds. However, if your

spouse applies for the benefit within 90 days of the date he or she is first provided with the

application form, payment may begin on the first day of any month following the date of your

death. No benefit is payable if your spouse dies before payment begins.

Payment must begin no later than December 31 of the calendar year in which you would

have reached age 70½ (or if you die in that calendar year, December 31 of the following calendar

year).

The amount of your spouse’s benefit under the Qualified Preretirement Survivor Annuity

is calculated by first determining the amount of the benefit your spouse could receive at your

death under the Qualified Joint and Survivor Annuity form of payment. (See Section 5-5, Benefit

Calculations - Married Participants and examples.) As described below, this amount may then

be actuarially adjusted when paid to your spouse, depending upon when you die and when your

spouse chooses to have payment of the benefit begin.

If you die on or after your earliest retirement date (i.e., on or after the first day of the

month following the date you reach age 60), the amount calculated under the Qualified Joint and

Survivor Annuity form of payment for your spouse is paid without actuarial adjustment if

payment of the benefit begins when your spouse is the same age he or she had reached at your

death. If your spouse is older when payment begins, this amount is actuarially increased by

multiplying the amount by the adjustment percentage determined under Appendix “D” as

follows:

1. Locate across the top of the chart, your spouse’s age on the date of your death.

2. Locate on the left margin, your spouse’s age when payment of the spouse’s benefit

begins.

3. The adjustment percentage is located at the point in the chart where the applicable

column and line meet.

If you die before your earliest retirement date (i.e. before the first day of the month

following the date you would reach age 60), the amount calculated under the Qualified Joint and

Survivor Annuity form of payment for your spouse is:

actuarially reduced if payment of the benefit begins when your spouse is younger

than the age he or she would be on your earliest retirement date; and

paid without actuarial adjustment if payment of the benefit begins when your

spouse is the same age he or she would be on your earliest retirement date;

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actuarially increased if payment of the benefit begins when your spouse is older

than the age he or she would be on your earliest retirement date.

The actuarial reduction or increase is made by multiplying the benefit your spouse could

receive under the Qualified Joint and Survivor Annuity form of payment by the adjustment

percentage from Appendix “D” determined as follows:

1. Locate across the top of the chart, the age your spouse would be on your earliest

retirement date (which is the first day of the month following your 60th

birthday).

2. Locate on the left margin, your spouse’s age when payment of the spouse’s benefit

begins.

3. The adjustment percentage is located at the point in the chart where the applicable

column and line meet.

In all cases, the minimum benefit payable under the Qualified Preretirement Survivor

Annuity is $100.00 per month.

[NOTE: If the present value of your spouse’s benefit does not exceed $5,000, the benefit will be

paid to your spouse only in a lump sum payment of the present value.]

Here’s an Example for Death On or After Your Earliest Retirement Date

Assume you die at age 62, but prior to retiring, with 120 Quarters of Participation. Your spouse

is age 60 (two years younger) on the date of your death.

The monthly benefit your spouse could receive under the Qualified Joint and Survivor Annuity is

$615.60. [$12.00 x 120 Quarters of Participation x 85.5% (Joint and Survivor Annuity

Adjustment Percentage from Appendix “B”) x 50%].

The amount of your spouse’s monthly benefit under the Qualified Preretirement Survivor

Annuity will depend upon when your spouse chooses to have benefit begin as follows.

Payment Without Adjustment at Your Spouse’s Age 60

If payment to your spouse begins when he or she is age 60 (and the same age he or she was on

the date of your death), no actuarial adjustment is made, and your spouse’s monthly benefit is

$615.60.

Increased Payment at Your Spouse’s Age 62

If payment to your spouse begins when he or she is age 62 (and two years older than the age he or

she was on your date of death), the $615.60 benefit is actuarially increased by multiplying the

benefit by the applicable percentage from Appendix “D” as follows.

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1. Locate across the top of Appendix “D”, your spouse’s age on the date of your death. In

this case, your spouse was age 60 on your date of death, and you use the age 60 column.

2. Next locate in the left margin, your spouse’s age when payment of the spouse’s benefit

begins. In this case, your spouse would be age 62, and you use the line for

commencement age 62.

3. The percentage where the column and the line meet is 123.25%. Thus, your spouse’s

monthly benefit is $615.60 x 1.2325 = $758.73.

Here’s an Example for Death Before Your Earliest Retirement Date

Assume you die at age 55 prior to retiring. Your spouse is age 50 (five years younger) at the time

of your death, and would be age 55 on your earliest retirement date. At the time of your death,

you are credited with 100 Quarters of Participation.

The monthly benefit your spouse could receive under the Qualified Joint and Survivor Annuity is

$504.00. [$12.00 x 100 Quarters of Participation x 84% (Joint and Survivor Annuity Adjustment

Percentage from Appendix “B”) x 50%].

The amount of your spouse’s monthly benefit under the Qualified Preretirement Survivor

Annuity will depend upon when your spouse chooses to have benefit begin as follows.

Reduced Payment at Your Spouse’s Age 50

If payment to your spouse begins when he or she is age 50 (and five years younger than the age

he or she would be on your earliest retirement date), the $504.00 monthly benefit is actuarially

reduced by multiplying the benefit by the applicable percentage from Appendix “D” as follows:

1. Locate across the top of Appendix “D”, the age your spouse would be on your earliest

retirement date. In this case, your spouse would be age 55 on your earliest retirement

date, and you use the age 55 column.



commencement at age 50.

3. The percentage where the column and line meet is 63.91%. Thus, your spouse’s monthly

benefit is $504.00 x .6391 = $322.11.

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Payment Without Adjustment at Your Spouse’s Age 55

If payment to your spouse begins when he or she is age 55 (and the same age he or she would be

on your earliest retirement date), no actuarial adjustment is made, and your spouse’s monthly

benefit is $504.00.

Increased Payment at Your Spouse’s Age 60

If payment to your spouse begins when he or she is age 60 (and five years older than the age he

or she would be on your earliest retirement date), the $504.00 benefit is actuarially increased by

multiplying the benefit by the applicable percentage from Appendix “D” as follows.

1. Locate across the top of Appendix “D”, the age your spouse would be on your earliest

retirement date. In this case, your spouse would be age 55 on your earliest retirement

date, and you use the age 55 column.



commencement age 60.

3. The percentage where the column and the line meet is 162.77%. Thus, your spouse’s

monthly benefit is $504.00 x 1.6277 = $820.36.

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Section 10 CLAIMS 10-1 Filing for Benefits If you wish to claim benefits under the Plan, you must complete and return an application which will be provided to you by the Secretary of Funds.

The Internal Revenue Code requires that the information regarding your application and payment elections be provided to you no less than 30 days before the date your benefits are scheduled to begin and that you be given a 30-day period to consider this information. You may waive your right to a 30-day period by applying for benefits within this 30-day period. However, payment cannot begin during the seven-day period following the date you are provided with information regarding your application and payment elections.

The Internal Revenue Code also requires that this information be provided to you no

more than 180 days before the date your benefits are scheduled to begin. Thus, if after you are

provided with the information, you do not then file your application for benefits early enough to

permit a scheduled date for the payment of benefits that is within 180 days of the date you are

provided with the application, you will have to be provided with the information again and

reapply for the pension benefits. 10-2 Disposition of Claims In most cases, written notice of the disposition of your claim will be furnished to you within 90 days after receipt of the claim (45 days for a request for Disability Benefits). If special circumstances require an extension of time for processing your claim, written notice of an extension of up to an additional 90 days will be sent to you before the initial 90-day period expires. If the claim is a claim for Disability Benefits, the initial 45 day period to consider such claim may be initially extended for up to an additional 30 days and then for up to an additional 30 days after the initial extension if the extension is necessary to matters outside the control of the Plan. Written notice of an extension shall be provided before the end of the applicable prior period. The notice of extension will refer to the special circumstances which make an extension necessary and will contain the date by which the Plan expects to render the final decision on your claim. If the reason for extending a period to decide a Disability Benefit claim is due to your failure to submit information necessary to decide the claim, you shall be notified and provided with a 45-day period to provide the material of information. In such case, the period to decide the claim will be stopped until the date you respond to the request for additional information.

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10-3 Disputed Claims If you apply for a benefit under the Plan, and are denied a benefit in whole or in part, you have the right to have that benefit denial reviewed by the Board of Trustees. You must, however, follow the procedure described below. If you have any questions about the claims procedure, please contact the Secretary of Funds immediately. 10-4 Disputed Claims Procedure Claimants will be notified in writing by the Secretary of Funds of any full or partial denial of a benefit. The notification will include (1) a statement of why the claim has been denied, (2) information as to the documentation or evidence that the claimant may provide to permit the Trustees to reevaluate the claim (such as evidence of disability or death), and (3) reference to the Plan provisions upon which the denial was based. In addition, the notification will contain such other information as is required by regulations issued by the U.S. Secretary of Labor, and such additional information as is deemed appropriate by the Secretary of Funds. If you wish to appeal the decision to deny your claim for benefits, you begin your appeal by sending a letter to the Secretary of Funds requesting a review and stating why you think your claim should not have been denied. Your appeal letter must include any additional information, documents, data or comments you think have a bearing on your claim. Your letter may also include a request to make an oral presentation to the Board of Trustees in support of your appeal. IMPORTANT: YOUR APPEAL MUST BE FILED WITH THE SECRETARY OF FUNDS WITHIN 90 DAYS AFTER YOU RECEIVE NOTICE FROM THE SECRETARY OF FUNDS OF THE DENIAL OF YOUR CLAIM (OR WITHIN 180 DAYS FOR A CLAIM FOR DISABILITY BENEFITS). OTHERWISE, YOU WILL GENERALLY FORFEIT YOUR RIGHT TO HAVE YOUR CLAIM FOR BENEFITS REVIEWED BY THE BOARD OF TRUSTEES OR TO FILE A LAWSUIT IN COURT FOR THE BENEFITS. In preparing your appeal, you or your authorized representative will have the right to examine documents that relate to your claim and to receive copies free of charge. To examine or receive copies of documents related to your claim, contact the Secretary of Funds. The Board of Trustees will review all of the facts and evidence on which the original decision to deny benefits was based. The Trustees will also review any additional information or evidence you have provided with your appeal. The Trustees may, but are not required to, honor your request to make an oral presentation to the Board of Trustees in support of your appeal. If the Trustees grant your request for an opportunity to make an oral presentation, an authorized representative may make the oral presentation on your behalf. The Board of Trustees will make a decision on your appeal by the date of the first meeting of the Board of Trustees which follows the receipt by the Secretary of Funds of your appeal letter, provided that your appeal letter is received by the Secretary of Funds at least 30 days before the Trustees’ meeting. For appeals filed within 30 days of a Trustees’ meeting, the Trustees will make a decision on appeal by the date of the second Trustees’ meeting which follows the receipt of the appeal letter by the Secretary of Funds. If special circumstances (such

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as the need to hold a hearing) require further extension of time for processing your appeal, the Trustees’ decision will be made not later than the third meeting of the Board of Trustees following the receipt of your appeal letter. If the Trustees need an extension of time to process your appeal, you will be sent a written notice of extension prior to the commencement of the extension. The Trustees will issue a written decision on your appeal. If adverse, the written decision will include specific reasons for the decision and specific references to the Plan provisions on which the decision is based. You will be sent a copy of the Trustees’ written decision within 5 days after the date of the Trustees’ meeting at which the decision is made. 10-5 Court Appeals The Board of Trustees have full authority and discretion to interpret and apply all the terms and conditions of the Plan and the Fund, to determine eligibility for benefits, and to resolve all factual and legal issues concerning the Plan, the Fund and benefits. The Board of Trustees’ decisions are final and binding on all persons. Federal law generally requires that you follow the Plan’s administrative claims procedures and claims review procedures as outlined above before you can sue the Plan in court for benefits. In reviewing the decision of the Board of Trustees on your claim, a court may decide to overturn the Board of Trustees’ decision only if it is found to be an abuse of discretion.

10-6 Representatives

You may designate a duly authorized representative to file an application for benefits on

your behalf and/or to appeal a benefit denial to the Board of Trustees on your behalf. You will

generally be required to provide a written statement of the designation, along with an

authorization to release information to your representative.

10-7 Spouses and Beneficiaries

The above claims and appeals procedures apply to your spouse or other designated

beneficiary(ies) who wish to file a claim for benefits under the Plan upon your death.

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Section 11 QUALIFIED DOMESTIC RELATIONS ORDERS A court may order the payment of a portion of your benefits as part of a property settlement in a divorce proceeding or it may order the payment of a portion of your benefits to your spouse, former spouse or dependent child(ren) for support. If the order meets the criteria for a “Qualified Domestic Relations Order” (“QDRO”), the Secretary of Funds must honor the order and pay the specified portion of your benefits to the person(s) specified in the order. The persons to be paid under the terms of a Qualified Domestic Relations Order are called “Alternate Payees.” A “QDRO” is a judgment, decree or order (including approval of a property settlement agreement) which relates to the provision of child support, alimony payments, or marital property rights to a spouse, former spouse, child or other dependent of a Participant, which is made pursuant to a state domestic relations law and which meets the requirements of federal law. The Secretary of Funds is required by law to determine whether any domestic relations order qualifies as a QDRO. In addition to awarding all or a portion of your benefits to an Alternate Payee, a QDRO may grant to a former spouse the rights normally provided to a surviving spouse under the Plan, preventing a later spouse from receiving survivor benefits. Upon request, the Secretary of Funds will provide a “Model QDRO” which has been drafted in accordance with the procedures of the Plan. It is suggested that you use the Model QDRO.

If the Secretary of Funds receives a document that purports to be a QDRO affecting your

interest in the Plan, you will be notified, and you will be provided with a copy of the Plan’s

established procedures for determining whether or not the instrument constitutes a “QDRO”.

Under the QDRO procedures, your eligibility to receive a benefit from the Plan may be

suspended while a QDRO received with respect to your benefits is being reviewed and for a

reasonable period after notice has been provided that a QDRO is being sought with respect to

your benefits. By fling a written request with the Secretary of Funds, you (or your spouse or

former spouse) may obtain a copy of these procedures without charge.

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Section 12 CIRCUMSTANCES WHICH MAY RESULT IN

DISQUALIFICATION, INELIGIBILITY, DENIAL, LOSS, FORFEITURE OR SUSPENSION OF BENEFITS

12-1 If you terminate Covered Employment prior to becoming vested you will not

receive any benefits under the Plan. 12-2 If the Plan terminates, in whole or in part, your vested accrued benefit may be

reduced. (See Section 13, Miscellaneous Information, below.) 12-3 If you fail to complete 400 Hours of Service during a Plan Year you may incur

a Break in Service which may cause you to lose Years of Service for vesting and Quarters of Participation for determining benefits.

12-4 If the Plan receives a Qualified Domestic Relations Order attaching your benefits,

you will lose the portion of your benefits that are awarded to the Alternate Payee(s). (See Section 11, Qualified Domestic Relations Orders.)

12-5 If you return to work after you have commenced retirement benefits, under certain

circumstances your retirement benefits will be suspended. 12-6 If your benefits are subject to a tax lien, you may lose the benefit amounts subject

to the lien. 12-7 If you falsify any statement material to an application or furnish fraudulent

information to the Trustees or fail to produce certain evidence to the Trustees upon request, payments under this Plan may be denied, suspended or discontinued.

12-8 If you are receiving pension benefits from more than one plan in excess of the

permissible amounts under limitations of the Internal Revenue Code, your rate of benefit accruals will be reduced so that your annual benefit will equal the maximum permissible amount. If you think this situation may apply to you, please contact the Secretary of Funds.

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Section 13 MISCELLANEOUS INFORMATION 13-1 Assignment of Benefits In general, your benefits are not assignable and may not be encumbered prior to receipt. However, there are certain exceptions to this rule. For example, the honoring of a Qualified Domestic Relations Order or certain tax liens does not constitute a violation of this rule. 13-2 Plan Amendment, Modification or Discontinuance The Board of Trustees have the right to amend, suspend or terminate the Plan and its corresponding Pension Fund at any time and generally for any reason. 13-3 If the Plan is Terminated You will receive notice if the Plan is terminated. If the Plan is terminated, the Pension Fund will be the sole source of benefits, and generally, distribution will be made by the purchase of an annuity contract from an insurance company that provides for the payment of the benefits due under the Plan. Neither the sponsoring employers (or any employee, officer or director of any sponsoring employer) nor the Trustees assume liability or responsibility for the payment of benefits, or for the sufficiency of Plan assets to pay all benefits. If the Plan is terminated, all Participants will become fully vested in their benefits to the extent funded. At termination, you will not receive the full present value of your vested benefits unless the assets of the Pension Fund at the time of termination are equal to or greater than the present value of all the accrued benefits under the Plan. 13-4 Provision of Information to Trustees It is the responsibility of every Participant, Spouse and Beneficiary to furnish, at the request of the Trustees, any evidence reasonably required for the administration of the Plan. Some examples include furnishing proof of death of a Participant by a person claiming rights to survivor or death benefits, or supplying proof of marriage or divorce. Failure to furnish evidence on a timely basis, and in good faith, shall be sufficient reason for the denial of immediate payments to a Participant, Spouse or Beneficiary, or for the temporary suspension or discontinuance of payments to such persons. The falsity of any statement material to an application or the furnishing of fraudulent information or proof shall be sufficient reason for the denial, suspension or discontinuance of payments under this Plan.

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13-5 Payments to Minors and Other Persons Under Legal Disability

Any benefit payable to or for the benefit of a minor, an incompetent person, or other

person incapable of receipting therefor will be deemed paid when paid to such person’s parent,

guardian, personal representative or other person providing or reasonably appearing to provide

for the care of such person.

13-6 Notices; Missing Persons

It is the responsibility of each Participant, each Beneficiary and each Alternate Payee

under a Qualified Domestic Relations Order, to keep the Secretary of Funds fully advised as to

any changes in their respective names, addresses, marital status and other factors that have a

bearing on benefit entitlement. The Secretary of Funds will not be responsible for failure to

locate missing persons or for the payment to others of amounts that would have been paid to such

missing persons, had they not been missing.

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Section 14 CONTRIBUTIONS TO THE PLAN 14-1 Employer Contributions Each Employer is obligated to contribute to the Pension Fund the amounts specified in the Collective Bargaining Agreement(s) between such Employer and the Union, or in other written agreements with the Trustees, as may be negotiated from time to time. 14-2 Participant Contributions All contributions must be made by or on behalf of participating employers. No contributions are allowed to be made by or accepted from participants. You can participate in the Plan without any out-of-pocket expenses on your part.

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Section 15 PLAN TERMINATION INSURANCE Your pension benefits under this multiemployer plan are insured by the Pension Benefit Guaranty Corporation (PBGC), a federal insurance agency. Under the multiemployer plan program, the PBGC provides financial assistance through loans to plans that are insolvent. A multiemployer plan is considered insolvent if the plan is unable to pay benefits (at least equal to the PBGC’s guaranteed benefit limit) when due. The maximum benefit that the PBGC guarantees is set by law. Under the multiemployer program, the PBGC guarantee equals a participant’s years of service multiplied by (1) 100% of the first $5 of the monthly benefit accrual rate and (2) 75% of the next $15. The PBGC’s maximum guarantee limit is $16.25 per month times a participant’s years of service. For example, the maximum annual guarantee for a retiree with 30 years of service would be $5,850. The PBGC guarantee generally covers: (1) Normal and early retirement benefits; (2) disability benefits if you become disabled before the plan becomes insolvent; and (3) certain benefits for your survivors. The PBGC guarantee generally does not cover: (1) Benefits greater than the maximum guaranteed amount set by law; (2) benefit increases and new benefits based on plan provisions that have been in place for fewer than 5 years at the earlier of: (i) The date the plan terminates or (ii) the time the plan becomes insolvent; (3) benefits that are not vested because you have not worked long enough; (4) benefits for which you have not met all of the requirements at the time the plan becomes insolvent; and (5) non-pension benefits, such as certain death benefits. For more information about the PBGC and the benefits it guarantees, ask the Secretary of Funds or contact the PBGC’s Technical Assistance Division, 1200 K Street, N.W., Suite 930, Washington, D.C. 20005-4026 or call 202-326-4000 (not a toll-free number). TTY/TDD users may call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to 202-326-4000. Additional information about the PBGC’s pension insurance program is available through the PBGC’s website on the Internet at http://www.pbgc.gov.

http://www.pbgc.gov/

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Section 16 STATEMENT OF ERISA RIGHTS The following text is presented in accordance with the provisions of Section 2520.102-3(t), Subpart B, Part 2520 Title 29, Code of Federal Regulations. As a participant in the Plan you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all plan participants shall be entitled to: Receive Information About Your Plan and Benefits Examine, without charge, at the plan 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 Employee Benefits Security Administration. Obtain, upon written request to the plan 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. Receive a summary of the plan’s annual financial report. The plan administrator is required by law to furnish each participant with a copy of this summary annual report. 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. If you do not have a right to a pension, the statement will tell you how many more years you have to work to get a right to a pension. This statement must be requested in writing and is not required to be given more than once every twelve (12) months. The plan must provide the statement free of charge. 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. The people who operate your plan, called ``fiduciaries’’ of the plan, have a duty to do so prudently and in the interest of you and other plan participants and beneficiaries. No one, including your employer, your union, or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a pension benefit or exercising your rights under ERISA. Enforce Your Rights

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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. Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of plan documents or the latest annual report from the plan and do not receive them within 30 days, you may file suit in a Federal court. In such a case, the court may require the plan administrator to provide the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the administrator. If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit in a state or Federal court. In addition, if you disagree with the plan’s decision or lack thereof concerning the qualified status of a domestic relations order, you may file suit in Federal court. If it should happen that plan fiduciaries misuse the plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a Federal court. The court will decide who should pay court costs and legal fees. If you are successful the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. Assistance with Your Questions If you have any questions about your plan, you should contact the plan administrator. If you have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from the plan administrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee Benefits Security Administration. ____________________

APPENDIX “A” PRIOR RULES FOR CREDITED SERVICE For Plan Years beginning after December 31, 1975 and before January 1, 1992, a Participant earned credit for “Years of Service” based strictly on Hours of Service credited during a Plan Year, according to the following table:

Hours of Service Years of Service For Earned Benefit*

Years of Service For Vesting*

Less than 400 None None

400 - 799 .25 None

800 - 1199 .50 1 Year

1200 - 1599 .75 1 Year

1600 or more 1.00 1 Year

*Quarters of Covered Service were not used. * * * * * For Plan Years beginning after December 31, 1958 and prior to January 1, 1976, a Participant earned credit for “Years of Service” based on “Quarters of Covered Service.” These Quarters were based on the four (4) calendar quarters of the Plan Year (January 1, April 1, July 1, and October 1). Under these rules, one Quarter of Service was credited whenever 300 or more Hours of Service were completed during a calendar quarter. The Participant was credited with a maximum of four (4) Quarters during a Plan Year. For the purpose of converting “Quarters of Covered Service” into “Years of Service”, the following table was used:

Quarters of Covered Service Years of Service For Earned Benefit

Years of Service For Vesting

One (1) Quarter .25 Year 0

Two (2) Quarters .50 Year 0

Three (3) Quarters .75 Year 1 Year

Four (4) Quarters 1.00 Year 1 Year

Years of Service were not credited for work performed prior to January 1, 1959.

There was also a special rule which was applied to give a Participant credit for a full four (4) Quarters of Covered Service if the Participant was credited with 1200 Hours of Service during a Plan Year even if, in a particular Quarter, the Participant was not otherwise credited with at least 300 Hours of Service. However, under this special rule, a Participant was not entitled to credit for a Quarter during any Quarter in which no Hours of Service were credited. * * * * * Before January 1, 1976, a Participant was charged with a Break In Service if, during any four (4) consecutive Quarters, the Participant did not receive credit for at least one (1) Quarter of Service. (One Quarter of Service was credited whenever 300 or more Hours of Service were completed during that Quarter.) * * * * *

APPENDIX “B” 50% JOINT AND SURVIVOR ANNUITY ADJUSTMENT PERCENTAGES

Age of Spouse Compared to Participant’s Age*

Percentage of Full Pension Payable to Participant Accepting 50% Joint and

Survivor Annuity

3 years older** 88%

2 years older 87-1/2%

1 year older 87%

Same age as Participant 86-1/2%

1 year younger 86%

2 years younger 85-1/2%

3 years younger 85%

4 years younger 84-1/2%

5 years younger*** 84%

* Age is nearest age. ** Add one-half percent for each additional year spouse is older than Participant. *** Subtract one-half percent for each additional year spouse is younger than Participant.

APPENDIX “C” 75% QUALIFIED OPTIONAL SURVIVOR ANNUITY ADJUSTMENT PERCENTAGES

Age of Spouse Compared to Participant’s Age*

Percentage of Full Pension Payable to Participant Accepting 75% Joint and

Survivor Annuity

3 years older** 83.1%

2 years older 82.4%

1 year older 81.7%

Same age as Participant 81.0%

1 year younger 80.3%

2 years younger 79.6%



5 years younger*** 77.5%

* Age is nearest age. ** Add 0.7 percent for each additional year spouse is older than Participant. *** Subtract 0.7 percent for each additional year spouse is younger than Participant.

Basis: UP-84 Mortality, 7.0% Interest - Age is attained age

A

PP

EN

DIX

“D

”

QP

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Spouse’s Age on Later of Date Participant Age 60 or Date of Participant’s Death

59 60 61 62 63 64 65 66 67 68 69 70 71

71

402.47%

363.73%

328.01%

295.11%

264.87%

237.10%

211.66%

188.39%

167.16%

147.83%

130.27%

114.37%

100.00%

70

351.91%

318.03%

286.80%

258.04%

231.59%

207.32%

185.07%

164.72%

146.16%

129.26%

113.91%

100.00%

87.44%

69

308.95%

279.21%

251.78%

226.53%

203.32%

182.01%

162.48%

144.61%

128.32%

113.48%

100.00%

87.79% 76.76%

68

272.26%

246.05%

221.88%

199.63%

179.17%

160.39%

143.18%

127.44%

113.08%

100.00%

88.12% 77.37% 67.65%

67

240.77%

217.59%

196.22%

176.55%

158.45%

141.84%

126.62%

112.70%

100.00%

88.44% 77.93% 68.42% 59.82%

66

213.63%

193.07%

174.11%

156.65%

140.59%

125.86%

112.35%

100.00%

88.73% 78.47% 69.15% 60.71% 53.08%

65

190.15%

171.84%

154.97%

139.43%

125.14%

112.02%

100.00%

89.01% 78.97% 69.84% 61.55% 54.03% 47.24%

64

169.75%

153.40%

138.34%

124.47%

111.71%

100.00%

89.27% 79.46% 70.50% 62.35% 54.94% 48.24% 42.18%

63

151.95%

137.32%

123.84%

111.42%

100.00%

89.52% 79.91% 71.13% 63.11% 55.81% 49.18% 43.18% 37.75%

62

136.38%

123.25%

111.15%

100.00%

89.75% 80.34% 71.72% 63.84% 56.64% 50.09% 44.14% 38.75% 33.89%

Spouse’s 61

122.70%

110.89%

100.00%

89.97% 80.75% 72.29% 64.53% 57.44% 50.96% 45.07% 39.72% 34.87% 30.49%

60

110.65%

100.00%

90.18% 81.14% 72.82% 65.19% 58.19% 51.80% 45.96% 40.64% 35.82% 31.44% 27.49%

Age at 59

100.00%

90.37% 81.50% 73.32% 65.81% 58.91% 52.59% 46.81% 41.53% 36.73% 32.37% 28.42% 24.85%

58

90.56% 81.84% 73.80% 66.40% 59.59% 53.35% 47.62% 42.39% 37.61% 33.26% 29.31% 25.73% 22.50%

Date 57

82.16% 74.25% 66.96% 60.24% 54.07% 48.40% 43.21% 38.46% 34.12% 30.18% 26.59% 23.35% 20.41%


56

74.67% 67.48% 60.86% 54.75% 49.14% 43.99% 39.27% 34.95% 31.01% 27.43% 24.17% 21.22% 18.55%

of 55

67.98% 61.44% 55.40% 49.85% 44.74% 40.05% 35.75% 31.82% 28.23% 24.97% 22.00% 19.32% 16.89%

54

61.99% 56.02% 50.52% 45.45% 40.79% 36.52% 32.60% 29.02% 25.75% 22.77% 20.06% 17.61% 15.40%

Benefit 53

56.60% 51.15% 46.13% 41.50% 37.25% 33.35% 29.77% 26.50% 23.51% 20.79% 18.32% 16.08% 14.06%

52

51.76% 46.77% 42.18% 37.95% 34.06% 30.49% 27.22% 24.23% 21.50% 19.01% 16.75% 14.71% 12.86%

Commencement

51

47.39% 42.83% 38.62% 34.75% 31.19% 27.92% 24.92% 22.18% 19.68% 17.41% 15.34% 13.47% 11.78%

50

43.45% 39.26% 35.41% 31.86% 28.59% 25.59% 22.85% 20.34% 18.04% 15.96% 14.06% 12.35% 10.79%

49

39.87% 36.04% 32.50% 29.24% 26.24% 23.49% 20.97% 18.66% 16.56% 14.65% 12.91% 11.33% 9.91%

48

36.64% 33.11% 29.86% 26.86% 24.11% 21.58% 19.27% 17.15% 15.22% 13.46% 11.86% 10.41% 9.10%

47

33.69% 30.45% 27.46% 24.71% 22.17% 19.85% 17.72% 15.77% 13.99% 12.38% 10.91% 9.57% 8.37%

46

31.02% 28.03% 25.28% 22.74% 20.41% 18.27% 16.31% 14.52% 12.88% 11.39% 10.04% 8.81% 7.71%

45

28.58% 25.83% 23.29% 20.96% 18.81% 16.84% 15.03% 13.38% 11.87% 10.50% 9.25% 8.12% 7.10%

44

26.36% 23.82% 21.48% 19.33% 17.35% 15.53% 13.86% 12.34% 10.95% 9.68% 8.53% 7.49% 6.55%

43

24.33% 21.99% 19.83% 17.84% 16.01% 14.33% 12.79% 11.39% 10.10% 8.94% 7.87% 6.91% 6.04%

42

22.47% 20.31% 18.31% 16.48% 14.79% 13.24% 11.82% 10.52% 9.33% 8.25% 7.27% 6.39% 5.58%

41

20.77% 18.77% 16.93% 15.23% 13.67% 12.24% 10.92% 9.72% 8.63% 7.63% 6.72% 5.90% 5.16%

40

19.21% 17.36% 15.66% 14.09% 12.64% 11.32% 10.10% 8.99% 7.98% 7.06% 6.22% 5.46% 4.77%


39

17.78% 16.07% 14.49% 13.04% 11.70% 10.48% 9.35% 8.32% 7.39% 6.53% 5.76% 5.05% 4.42%

38

16.47% 14.88% 13.42% 12.07% 10.84% 9.70% 8.66% 7.71% 6.84% 6.05% 5.33% 4.68% 4.09%

37

15.26% 13.79% 12.43% 11.19% 10.04% 8.99% 8.02% 7.14% 6.34% 5.60% 4.94% 4.34% 3.79%

36

14.14% 12.78% 11.53% 10.37% 9.31% 8.33% 7.44% 6.62% 5.87% 5.20% 4.58% 4.02% 3.51%

35

13.12% 11.86% 10.69% 9.62% 8.63% 7.73% 6.90% 6.14% 5.45% 4.82% 4.25% 3.73% 3.26%


AP

PE

ND

IX “

D”

QP

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EN

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47 48 49 50 51 52 53 54 55 56 57 58

71

1194.48%

1098.59%

1009.37%

926.39%

849.25%

777.63%

711.04%

649.29%

592.04%

538.99%

489.88%

444.45%

70

1044.41%

960.57%

882.56%

810.00%

742.55%

679.93%

621.70%

567.71%

517.65%

471.27%

428.33%

388.61%

69

916.91%

843.30%

774.81%

711.12%

651.90%

596.92%

545.81%

498.41%

454.46%

413.74%

376.04%

341.17%

68

808.02%

743.15%

682.80%

626.67%

574.48%

526.03%

480.99%

439.22%

400.49%

364.60%

331.38%

300.65%

67

714.57%

657.21%

603.84%

554.19%

508.05%

465.20%

425.36%

388.42%

354.17%

322.44%

293.06%

265.88%

66

634.03%

583.14%

535.78%

491.73%

450.79%

412.77%

377.42%

344.64%

314.25%

286.10%

260.03%

253.92%

65

564.33%

519.03%

476.88%

437.67%

401.23%

367.39%

335.93%

306.76%

279.71%

254.64%

231.44%

209.98%

64

503.78%

463.34%

425.71%

390.71%

358.18%

327.97%

299.88%

273.84%

249.69%

227.32%

206.61%

187.45%

63

450.97%

414.77%

381.08%

349.75%

320.63%

293.59%

268.45%

245.14%

223.52%

203.49%

184.95%

167.80%

62

404.75%

372.26%

342.03%

313.91%

287.77%

263.50%

240.94%

220.01%

200.61%

182.64%

166.00%

150.60%

Spouse’s 61

364.16%

334.93%

307.73%

282.43%

258.91%

237.08%

216.78%

197.95%

180.50%

164.32%

149.35%

135.50%

60

328.40%

302.04%

277.51%

254.69%

233.49%

213.79%

195.49%

178.51%

162.77%

148.18%

134.68%

122.19%

Age at 59

296.78%

272.96%

250.79%

230.17%

211.01%

193.21%

176.67%

161.32%

147.10%

133.92%

121.72%

110.43%

58

268.75%

247.18%

227.11%

208.44%

191.08%

174.96%

159.98%

146.09%

133.21%

121.27%

110.22%

100.00%

Date 57

243.83%

224.26%

206.05%

189.11%

173.36%

158.74%

145.15%

132.54%

120.85%

110.03%

100.00%

90.73%

5 221.62 203.83 187.27 171.88 157.56 144.28 131.92 120.46 109.84 100.00 90.89% 82.46%


6 % % % % % % % % % %

of 55

201.76%

185.56%

170.49%

156.48%

143.45%

131.35%

120.10%

109.67%

100.00%

91.04% 82.74% 75.07%

54

183.97%

169.20%

155.46%

142.68%

130.80%

119.77%

109.51%

100.00%

91.18% 83.01% 75.45% 68.45%

Benefit 53

167.99%

154.51%

141.96%

130.29%

119.44%

109.37%

100.00%

91.32% 83.26% 75.80% 68.90% 62.51%

52

153.61%

141.27%

129.80%

119.13%

109.21%

100.00%

91.44% 83.50% 76.13% 69.31% 63.00% 57.15%

Commencement

51

140.65%

129.36%

118.85%

109.08%

100.00%

91.57% 83.73% 76.45% 69.71% 63.47% 57.68% 52.33%

50

128.94%

118.59%

108.96%

100.00%

91.67% 83.94% 76.75% 70.09% 63.91% 58.18% 52.88% 47.98%

49

118.34%

108.84%

100.00%

91.78% 84.14% 77.04% 70.44% 64.33% 58.65% 53.40% 48.53% 44.03%

48

108.73%

100.00%

91.88% 84.33% 77.30% 70.78% 64.72% 59.10% 53.89% 49.06% 44.59% 40.46%

47

100.00%

91.97% 84.50% 77.56% 71.10% 65.10% 59.53% 54.36% 49.56% 45.12% 41.01% 37.21%

46

92.06% 84.67% 77.79% 71.40% 65.45% 59.93% 54.80% 50.04% 45.63% 41.54% 37.76% 34.25%

45

84.83% 78.02% 71.68% 65.79% 60.31% 55.23% 50.50% 46.11% 42.05% 38.28% 34.79% 31.56%

44

78.23% 71.95% 66.11% 60.67% 55.62% 50.93% 46.57% 42.53% 38.78% 35.30% 32.08% 29.11%

43

72.21% 66.41% 61.02% 56.00% 51.34% 47.01% 42.98% 39.25% 35.79% 32.58% 29.61% 26.87%

42

66.69% 61.34% 56.36% 51.73% 47.42% 43.42% 39.70% 36.25% 33.06% 30.09% 27.35% 24.82%

41

61.65% 56.70% 52.09% 47.81% 43.83% 40.13% 36.70% 33.51% 30.56% 27.82% 25.28% 22.94%

40

57.02% 52.44% 48.18% 44.22% 40.54% 37.12% 33.94% 30.99% 28.26% 25.73% 23.38% 21.22%

3 52.77% 48.54% 44.59% 40.93% 37.52% 34.36% 31.41% 28.69% 26.16% 23.81% 21.64% 19.64%


9

38

48.87% 44.95% 41.30% 37.90% 34.75% 31.82% 29.09% 26.56% 24.22% 22.05% 20.04% 18.18%

37

45.28% 41.65% 38.26% 35.12% 32.19% 29.48% 26.95% 24.61% 22.44% 20.43% 18.57% 16.85%

36

41.98% 38.61% 35.47% 32.56% 29.85% 27.33% 24.99% 22.82% 20.81% 18.94% 17.22% 15.62%

35

38.93% 35.81% 32.90% 30.20% 27.68% 25.35% 23.18% 21.16% 19.30% 17.57% 15.97% 14.49%

AP

PE

ND

IX “

D”

QP

SA

CO

MM

EN

CE

ME

NT

AD

JU

ST

ME

NT

S (C

on

tinu

ed

)


35 36 37 38 39 40 41 42 43 44 45 46

71

3067.96%

2845.50%

2637.90%

2444.18%

2263.45%

2094.85%

1937.61%

1790.97%

1654.26%

1526.84%

1408.10%

1297.49%

70

2682.51%

2488.00%

2306.48%

2137.10%

1979.07%

1831.66%

1694.17%

1565.95%

1446.42%

1335.01%

1231.19%

1134.47%

69

2355.03%

2184.27%

2024.91%

1876.20%

1737.47%

1608.05%

1487.34%

1374.78%

1269.84%

1172.03%

1080.88%

995.98%

68

2075.35%

1924.86%

1784.43%

1653.39%

1531.13%

1417.08%

1310.71%

1211.52%

1119.04%

1032.84%

952.52%

877.70%

67

1835.35%

1702.26%

1578.07%

1462.18%

1354.06%

1253.20%

1159.13%

1071.41%

989.63%

913.40%

842.37%

776.20%

66

1628.48%

1510.40%

1400.21%

1297.38%

1201.45%

1111.95%

1028.49%

950.65%

878.09%

810.45%

747.42%

688.71%

65

1449.46%

1344.36%

1246.28%

1154.75%

1069.37%

989.71%

915.42%

846.14%

781.56%

721.35%

665.26%

613.00%

64

1293.93%

1200.10%

1112.55%

1030.85%

954.62%

883.51%

817.19%

755.35%

697.69%

643.95%

593.87%

547.22%

63

1158.29%

1074.31%

995.93%

922.79%

854.55%

790.90%

731.53%

676.17%

624.56%

576.45%

531.62%

489.86%

62

1039.59%

964.21%

893.86%

828.22%

766.98%

709.85%

656.56%

606.88%

560.55%

517.37%

477.14%

439.66%

Spouse’s 61

935.34%

867.51%

804.22%

745.16%

690.06%

638.66%

590.72%

546.02%

504.34%

465.49%

429.29%

395.57%

60

843.47%

782.31%

725.24%

671.98%

622.29%

575.94%

532.71%

492.39%

454.81%

419.77%

387.13%

356.72%

Age at 59

762.28%

707.00%

655.42%

607.29%

562.38%

520.49%

481.42%

444.99%

411.02%

379.36%

349.86%

322.38%

58

690.28%

640.23%

593.52%

549.93%

509.27%

471.34%

435.96%

402.96%

372.20%

343.53%

316.82%

291.93%

Date 57

626.27%

580.86%

538.48%

498.94%

462.05%

427.63%

395.53%

365.60%

337.69%

311.68%

287.44%

264.86%

5 569.21 527.93 489.42 453.48 419.94 388.66 359.49 332.28 306.92 283.28 261.25 240.73

6 % % % % % % % % % % % %

of 55

518.21%

480.63%

445.56%

412.84%

382.32%

353.84%

327.28%

302.51%

279.42%

257.90%

237.84%

219.16%

54

472.51%

438.25%

406.28%

376.44%

348.60%

322.64%

298.42%

275.84%

254.78%

235.15%

216.87%

199.83%

Benefit 53

431.48%

400.19%

370.99%

343.75%

318.33%

294.62%

272.50%

251.88%

232.65%

214.73%

198.03%

182.48%

52

394.53%

365.92%

339.22%

314.31%

291.07%

269.39%

249.17%

230.31%

212.73%

196.35%

181.08%

166.85%

Commencement

51

361.25%

335.06%

310.61%

287.80%

266.52%

246.67%

228.15%

210.89%

194.79%

179.79%

165.80%

152.78%

50

331.17%

307.16%

284.75%

263.84%

244.33%

226.13%

209.16%

193.33%

178.57%

164.82%

152.00%

140.06%

49

303.95%

281.91%

261.34%

242.15%

224.24%

207.54%

191.96%

177.43%

163.89%

151.27%

139.50%

128.54%

48

279.26%

259.01%

240.12%

222.48%

206.03%

190.68%

176.37%

163.02%

150.58%

138.98%

128.17%

118.10%

47

256.84%

238.22%

220.84%

204.62%

189.49%

175.38%

162.21%

149.94%

138.49%

127.82%

117.88%

108.62%

46

236.45%

219.31%

203.31%

188.38%

174.45%

161.45%

149.34%

138.03%

127.50%

117.68%

108.53%

100.00%

45

217.88%

202.08%

187.34%

173.58%

160.75%

148.77%

137.60%

127.19%

117.48%

108.43%

100.00%

92.14%

44

200.94%

186.37%

172.77%

160.08%

148.24%

137.20%

126.90%

117.30%

108.35%

100.00%

92.22% 84.98%

43

185.46%

172.01%

159.46%

147.75%

136.83%

126.63%

117.13%

108.26%

100.00%

92.30% 85.12% 78.43%

42

171.30%

158.88%

147.29%

136.47%

126.38%

116.97%

108.19%

100.00%

92.37% 85.25% 78.62% 72.45%

41

158.34%

146.86%

136.14%

126.14%

116.82%

108.12%

100.00%

92.43% 85.38% 78.80% 72.67% 66.96%

40

146.45%

135.83%

125.92%

116.68%

108.05%

100.00%

92.49% 85.49% 78.97% 72.89% 67.22% 61.94%

39

135.54%

125.72%

116.54%

107.98%

100.00%

92.55% 85.60% 79.13% 73.09%

67.46% 62.21% 57.32%

38

125.52%

116.42%

107.93%

100.00%

92.61% 85.71% 79.27% 73.27% 67.68% 62.47% 57.61% 53.08%

37

116.30%

107.87%

100.00%

92.66% 85.80% 79.41% 73.45% 67.89% 62.71% 57.88% 53.38% 49.19%

36

107.82%

100.00%

92.70% 85.90% 79.54% 73.62% 68.09% 62.94% 58.14% 53.66% 49.49% 45.60%

35

100.00%

92.75% 85.98% 79.67% 73.78% 68.28% 63.16% 58.38% 53.92% 49.77% 45.90% 42.29%

western pennsylvania electrical employees pension plan

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