Summary Plan Description

Planning for a financially secure retirement is important to you and your family, regardless of your age. Helping you build a financially secure retirement is a major concern of the Trustees of the Local 734 Pension Plan.

The Trustees, an equal number of employer and union representatives, are pleased to provide you with this 2004 edition of the Local 734 Pension Plan Summary Plan Description (SPD). The benefits described through this section of the site are effective January 1, 2004 and apply to active employees as of January 1, 2004 and to employees who retire or become disabled after January 1, 2004. This section explains your eligibility for pension benefits, the type of benefits you may receive, and how the amount is determined.

• Plan at a Glance
• Definitions
• Participation
• Benefit Service and Vesting Service
• Break-in-Service
• Pension Benefits
• Survivor Protection Before Retirement
• Survivor Protection After Retirement
• Other Optional Forms of Payment
• Social Security Benefits
• Applying for Benefits
• Appeal and Review Procedure
• Suspension of Benefits
• Administrative Information
• Pension Benefit Guarantee
• Your ERISA Rights
• Appendix A
• Appendix B
• Appendix C
• Appendix D

Although this section provides accurate and essential information about the plan, you should understand that it is not a complete description. If there is ever a conflict between this site content and the plan’s legal document, the legal document will control. You can obtain a copy of the plan document from the Fund Office. The Trustees will keep you informed of any plan changes. If you have any questions, please contact the Fund Office.

The Board of Trustees, with the assistance of professional advisors, determines the benefits to be provided to all participants of the pension plan. The Trustees retain the right to change the plan, consistent with applicable laws and regulations, in an effort to best serve all plan participants.