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You become a participant in the Annuity Plan on the date you complete one hour of service with a Contributing Employer. Participation begins automatically; you do not need to complete any enrollment forms. However, you will need to determine how you want your account invested (vesting). After you become a participant, you will receive an enrollment packet, which contains investment option information.

When you become a participant in the Annuity Plan, an “individual annuity account” is established in your name. Employer contributions are made on your behalf to your individual annuity account.

An Hour of Service is each hour:

  • You are paid, or entitled to payment, by an employer for performance of duties. These hours will be credited to you for the computation period(s) in which the duties are performed; and
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  • Back pay, regardless of the reason, is either awarded or agreed to by an employer, to the extent that the award or agreement is intended to compensate you for periods you would have been engaged in the performance of duties for the employer. These hours will be credited for the computation period(s) in which the award, agreement, or payment is made.

Employer or Contributing Employer means any employer who is bound by a collective bargaining agreement with the Union and agrees to be bound by the Trust agreement, or any employer who is not party to the collective bargaining agreement, but satisfies the requirements for participation as established by the Trustees and agrees to be bound by the Trust agreement.