The questions and answers which follow are designed to help you understand the basic provisions of your Pension Plan.

ABOUT THE PLAN

What Is the Pension Fund?

The Pension Fund is a legal trust fund set up for the purpose of providing retirement benefits. The Agreement and Declaration of Trust originally dated September 1, 1953, and since amended, established the Pension Fund. The Trust Agreement and the Pension Plan govern the Fund’s operation.

What Is the Pension Plan?

The Pension Plan is the legal document which sets forth the various types of pensions provided by the Fund, the benefit amounts for each type of pension and also the eligibility requirements. If you would like a copy of the most current Pension Plan Document you can request one free of charge from the Fund Office.

Who Administers the Fund?

A Board of Trustees, which serves without any compensation, acts on behalf of you and your fellow employees in managing all aspects of the Pension Fund’s operations. This Board is made up of an equal number of Union and Employer representatives whose powers and duties are set forth in a legal document called the Agreement and Declaration of Trust.

Who Pays the Cost of the Pension Plan?

The entire cost of the Plan is paid by the participating employers who contribute to the Pension Fund in accordance with their collective bargaining agreements or other written agreements with Local Union No. 73. The amount of the contribution is actuarially determined. No contributions are required from you and none are permitted.

Who Is Covered by the Plan?

All employees who perform work for employers under collective bargaining agreements or other written agreements with the Union are covered by the Plan if contributions for their work are required to be paid to the Fund.