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IMPORTANT INFORMATION
- Save this booklet. Put it in a safe place.
- Tell your family, particularly your spouse, about this booklet and where you keep it
filed.
- If you lose your copy, you can ask the Plan Office for another one.
- If you believe that you are eligible for a pension under the Plan and wish to retire, it
is important that you file a written application for your pension with the Plan Office as
soon as possible. Benefits are not payable until your application has been filed,
unless you are entitled to receive a mandatory distribution on April 1st following the
calendar year in which you turn 70½. The Plan does not permit retroactive benefit
payments if your application is filed late. However if you did not work in
suspendible employment after your normal retirement age (age 65), your benefit will be
actuarially adjusted to account for the late payment.
- If you are leaving employment covered by the Plan (called covered employment), remember
that you may be entitled to a Deferred Pension. This pension is payable when you have
reached retirement age. To protect these benefit rights, call or write the Plan Office,
and arrangements will be made to furnish you with a statement of your benefit rights. The
Plan will also file notice with the government so that the Social Security Administration
can remind you at a future time of your deferred pension rights.
- If you are married and continue to work in covered employment after you have completed
the requirements for a vested pension, you are automatically covered by a Husband and Wife
Pension. This type of pension provides a form of death benefit protection for your spouse
in the event of your death before you retire. Upon retirement, you may reject the Husband
and Wife Pension, but you must have your spouse s written and notarized consent. Please
refer to page 13 of this booklet for more information on this option.
- If you leave covered employment to go into military service, you may continue to earn
credit for your military service. To do so, you must return to your job promptly after
your discharge and in accordance with applicable federal law regarding military service.
Also, please be sure to notify the Plan Office promptly upon your return.
- In the event the Board of Trustees determines that an incorrect payment has been made,
it reserves the right to take whatever action it deems necessary to ensure recovery of the
incorrect amount, including, but not limited to, withholding all or a portion of future
benefit payments until the full amount has been recovered by the Plan.
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