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WORK AFTER RETIREMENT

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TO WHAT EXTENT WILL I BE ALLOWED TO WORK AND STILL RECEIVE PENSION BENEFITS FROM THE PLAN?

If you retire before you reach Normal Retirement Age, your benefits will be suspended for any month or months in which you undertake any Totally Disqualifying Employment.

If you retire after reaching Normal Retirement Age, your benefits will be suspended for any month or months in which you work or were paid for forty (40) hours or more in Totally Disqualifying Employment. Note your pension payments cannot begin later than the April 1st after the calendar year you attain age 70½, even if you are working in Totally Disqualifying Employment. Totally Disqualifying Employment means employment that is: (1) both (a) in any industry covered by the Plan at the time your pension payments begin or would have begun; (b) in the geographic area covered by the Plan at the time your pension payments begin or would have begun; and (2) in any occupation in which you worked while covered by the Plan at the time your pension payments begin or would have begun. However, if you worked in a skilled position, only work done after retirement that involves that skill or craft will cause your benefits to be suspended. Except for these limitations, you will be free to work at anything else, without affecting your pension.

If your benefits are suspended for any month or months in which you undertake any Totally Disqualifying Employment you may continue to accrue Pension Credits under the rules described in this SPD.

If any pension benefits were paid to you during any month(s) in which you worked in Totally Disqualifying Employment, they will be deducted from your future benefit payments, once payments resume. If you should die before the Plan can recoup the entire amount of those payments, the payments to your survivor, if any, are subject to being offset as well.

You are required to report any Totally Disqualifying Employment you undertake to the Pension Fund Office within 15 days.

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HOW WILL RETURN TO WORK AFFECT MY PENSION?

If you return to Covered Employment after you retire and do not earn at least One Year of Vesting Service, you will not be entitled to any additional Pension Credit earned during your re-employment. If you return to Covered Employment and earn at least One Year of Vesting Service, you will be entitled to any additional Pension Credits and your pension will be recalculated to account for this additional employment.

DO THE PLAN BENEFITS AFFECT MY SOCIAL SECURITY?

No, your Social Security benefits are not affected by your Plan benefits.

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BENEFITS TO SURVIVORS

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