| Q. |
| A. | The Plan is designed for retirement. For that reason, the IRS has placed restrictions on when money may be withdrawn from the Plan. You may withdraw money from your Plan account under the following conditions:
- Death – Your account balance will be paid to your designated beneficiary (beneficiary designation forms are available from the Administrative office).
- Disability (unable to engage in any type of work covered by the Collective Bargaining Agreement)- This is subject to medical review.
- Separation from service (24 consecutive months with no contributions, following ten years of continuous participation in the Plan).
If you are eligible for benefits and would like to apply, please click on the Pension Documents tab. Under the Pension Forms section, is the Distribution Application Packet for you to complete and return to the Administrative Office. |
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| Q. |
| A. | You will receive a personal statement on a quarterly basis.
You may call the Administrative office 8:00 a.m. to 4:00 p.m., Monday through Friday.
Through the web site you can find out your account balance, however, address changes for your statements and application requests must be made through the Administrative office.
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| Q. |
| A. | You will become a Participant when you work one Hour of Service in Covered Employment.
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| Q. |
| A. | Once you become a Participant you are 100% vested in the value of your Individual Account.
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| Q. |
| A. | Contributions made on behalf of a Participant are credited to his/her Individual Account. All Individual Accounts are pooled and invested by the Trustees as an aggregate amount. Each Individual Account is credited with a pro-rata share of the Plan’s overall investment return. The Individual Accounts are subject to a monthly valuation.
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| Q. |
| A. | No, hardship distributions are not allowed.
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| Q. |
| A. | No, loans are not allowed.
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