Sheet
Metal Workers' International Association
Local Union No.73
Pension Welfare and Annuity Funds
The Sheet Metal Workers' Local 73 Annuity Plan is designed to supplement
a participant's monthly retirement income. The Plan allows a participant
the ability to self-direct their annuity contributions into investment
alternatives of their own choosing. As of May 31, 2007 the Plan had
over 3,700 participants with account balances of over $132 million.
The Annuity Plan is financed entirely by employer contributions and
investment income. The contributions that are made on your behalf by
a contributing employer, and the investment income that is earned on
these contributions, are not taxable to you as income until you begin
making withdrawals from your account.