How will I become a
You will become a Participant as
of the first Hour of Work is remitted by an Employer who is obligated under a Collective
Bargaining Agreement to make contribution to the Annuity Fund on your behalf.
What is the Plan Year?
The Plan Year is any 12-month
period beginning January 1st and ending December 31th.
How do I become entitled to
You are 100% vested in your
Account Balance at all times.
What is vesting?
Vesting means that you are
entitled to 100% of your Account Balance at the time you retire, become
disabled, separate from service at the Trade or your beneficiary will be
entitled to 100% of your Account Balance if you should pass away to make
contributions to the Fund on your behalf.
When can I receive my Account
You can receive your Account
Balance at retirement or when you have separated from service. A separation from service is having less than
241 Hours of Work remitted during a period of 6 consecutive months on your
behalf by either an Employer or contributions transferred under the Reciprocity
Can I receive a lump sum
Yes. When you are eligible for distribution by may
either elect a lump sum distribution of your Account Balance or you may elect
to have your Account Balance converted to a monthly benefits
and paid for the remainder of your life