1. When am I eligible to receive a distribution?

Termination – If you do not work in Covered Employment for five full Plan Years (calendar years).

Disability – If you leave Covered Employment because of a Total and PermanentDisability (received a determination of disability from the US Social Security Administration).

Retirement – You are eligible to receive your balance following the date you attain age 60 provided you have terminated Covered Employment.

Death – Your spouse or other designated beneficiary is eligible to receive your account balance. If you wish to designate a beneficiary for this purpose, pleasecontact the Fund’s Administrator.

Age 70-1/2 – If you are no longer working in Covered Employment, you must begin receiving payment of your benefits no later than the April 1 following the calendar year in which you attain age 70-1/2.

2. How does Lump sum Payment or Rollover Distributions work?

You can choose to receive your entire balance in a single lump sum. Alternatively, you can elect to have your payment transferred to an IRA or another Eligible Retirement Plan. When a lump sum distribution is made, the Fund is required by the IRS to withhold 20% for Federal Taxes, unless you transfer the lump sum directly to an IRA or other qualified plan.

If you are married with a balance over $5,000.00, and you wish to receive payment before age 60, your Spouse must consent to the payment.

3. How are benefits payment distributed?

After receiving your completed application, 75% of your balance as of the last Valuation Date will be distributed to you. The remainder of your balance will be distributed after the next Valuation Date. Valuation Dates are the last day of each calendar quarter (March 31, June 30, September 30, and December 31).

4. How do I find out about my account balance and elect a form of benefit payment?

Annuity statements are sent to participants once a year. If you want to receive a benefit from the Fund, you should contact the Fund’s Administrator, or complete an application provided on the website.