You will be entitled to a distribution of all or a portion of your Annuity account balance when one of the following events occurs:

Normal Retirement

• You retire at age 60 or above, and
• You stop working completely in the trade and geographical jurisdiction of the Union.

Early Retirement

• You retire at age 55 to 59 with a 30-Year Pension, and
• You stop working completely in the trade and geographical jurisdiction of the Union.

Termination of Employment

• You no longer have any employment relationship with any contributing employer, and
• There have been no contributions made to the Plan on your behalf for 12 consecutive months.

Age 60 Partial Distribution

• You are age 60 or above, and
• You have been a Plan participant for two or more years.

In this case, you may elect to withdraw that portion of your balance that was credited to you two full calendar years prior to the withdrawal request. The available amount is reduced by any distributions or loans that you have taken during the previous two calendar years.

Total and Permanent Disability

• You are totally unable, as a result of bodily injury or disease, to engage in any gainful employment, and
• Your disability has lasted at least five months and is expected to continue for at least an additional seven months.

If you are in this situation, please contact the Fund Office for information regarding disability documentation requirements.

Temporary Disability

• You are totally unable, as a result of bodily injury or disease, to engage in any gainful employment for a period of at least 45 days.

If you are in this situation, please contact the Fund Office for information regarding disability documentation requirements. If approved, the distribution amount is limited to the lesser of (i) $50,000 or (ii) 50% of your account balance, less any outstanding loans.

Required Distributions

IRS regulations generally require that you begin taking a minimum distribution from your account by December 31 of the calendar year in which you turn 70 1/2 or, if later, retire. If you are required to take a distribution, the Fund Office will send you a letter letting you know how much your required distribution will be for the year.

If you die before you are required to start taking a minimum distribution, the required distribution for your beneficiary will be as follows:

• If the sole beneficiary is your spouse, distribution will begin by December 31 of the year following the year of your death, or if later, by December 31 of the year in which you would have reached age 70-1/2.
• If your spouse is not your sole beneficiary, distribution to your beneficiary(ies) will begin by December 31 of the year following the year of your death. However, for single or partial lump sum payments, or if there is no designated beneficiary as of September 30 of the year after the year of your death, the entire balance of your account must be distributed by December 31 of the year in which the fifth anniversary of your death occurs.
  

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