How will I become a Participant?

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 1^st and ending December 31^th.

How do I become entitled to Benefits?

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 Balance?

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 Agreements.

Can I receive a lump sum distribution?

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