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EMPLOYER WITHDRAWAL

 

If the contributing Employer from which you retired ceases to be obligated to contribute to the Supplemental Plan after you begin receiving Supplemental Plan benefits, the amount of your annual benefit payment will not increase in future years. However, you will continue to receive the same benefit for life.

 

Benefits from the Plan are provided entirely through contributions by participating Employers who have entered into collective bargaining agreements with the Union.  The Board of Trustees intends for all benefits under the Supplemental Plan to be fully funded at all times by Employer contributions.  The Supplemental Plan does not require or permit retirees themselves to make contributions nor does it accept rollover contributions from any source.

                                     

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