To All Participants:
The Trustees of the Sheet Metal Workers’ Local No. 73 Pension Plan (the Plan) are pleased to provide
you with this Summary Plan Description (SPD) booklet that describes your Retirement benefits under the
Pension Plan. This booklet provides an up-to-date explanation of the Pension Plan provisions
Because your pension is one of the most important parts of your retirement planning, it is important for
you and your family to understand the Plan’s benefits. This booklet highlights the most important features
of the Plan as of January 1, 2011, and is designed to show you how the Pension Plan fits into the different stages of your life. It begins with your eligibility to participate, then describes how you earn Pension Credits, when you become eligible to receive a pension, how your pension benefit is calculated, payment options to receive your benefit, and how to apply for Plan benefits.
This booklet replaces and supersedes any prior explanation booklets. It has been prepared to give you an overview of the Plan Rules and Regulations and to help you make decisions about Retirement. There is a glossary, which defines terms used throughout. If you are not familiar with a term, please review this section. Terms that are capitalized in this booklet have special meanings and are defined throughout the booklet or in the Glossary.
Please read this SPD booklet carefully, share it with your family, and keep it in a safe place for future
reference. Knowing how your Retirement benefits accumulate and what your responsibilities are can help you plan better for your future.
The Trustees are proud of the success we have achieved in providing security to Employees who retire
after devoting many years to our industry. We realize that a large part of this success is due to the hard
work and cooperation of the Union, Employers and Employees, and we appreciate their efforts.
The Trustees will notify you in writing of any changes to Plan benefits or procedures. If you have any
questions, please call or write the Fund Office.
Board of Trustees
Nothing in this Summary Plan Description booklet is meant to interpret or change in any way the provisions expressed in the Plan Document. In the event of doubt or discrepancy between what is included in this booklet and the Plan Document, the Plan Document will always govern. Only the full Board of Trustees has the discretion and authority to interpret the Plan described in this booklet. No Employer, Union, or any representative of any Employer or Union, in such capacity, is authorized to interpret this Plan nor can any such person act as agent of the Trustees. The Trustees reserve the right to interpret, resolve inconsistencies, cure omissions or errors, amend, modify, or discontinue all or part of the Plan whenever, in their judgment, conditions so warrant. If the Plan makes any inadvertent, mistaken, excessive, erroneous, or fraudulent payment of benefits, the Trustees or their representative will have the right to recover these types of payments.