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Summary PlanDescription

754 Minnesota Avenue

Kansas City, KS 66101-2766www.bnf-kc.com

866.342.6555

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Dear Participants:

We are pleased to present you with this Summary Plan Description (SPD) explaining the

updated version of the Boilermaker-Blacksmith National Pension Trust (the TwelfthRestatement of the Plan). All changes made to the Plan since the last SPD was printed inDecember 2003 are included in this new SPD. This SPD also includes all amendments tothe restated Plan through July 1, 2010.

We urge you to read this SPD carefully to understand your benefits. We tried to explain allsections of the Plan clearly. Your retirement benefits are important for your financialplanning. We urge you to show the SPD to your family. It is important they are aware ofyour retirement benefits and the survivor protection offered. After you read this SPD, pleasekeep it in a safe place for future reference.

The purpose of this Plan is to provide you with retirement benefits. Your Plan is a definedbenefit Pension Plan designed to provide a lifetime benefit for you and, if you are married, asurvivor benefit for your Spouse. Contributions to the Plan are made by Employers asrequired by a Collective Bargaining Agreement and/or Participation Agreement andaccording to the Plan rules and the Trust Agreement. When reading this SPD, pleaseremember, if the facts and circumstances of a particular situation occurred before October1, 2009, Plan provisions in effect at the relevant date may be applied. Those provisionsmay be different from the Plan now in effect and summarized in this SPD.

Please keep the Fund Office informed of changes in your mailing address so you willreceive all communications. When writing to the Fund Office, always include your correctSocial Security number with your communication. We will continue to let you know about

changes in the Plan, and we will continue our commitment to helping you create afinancially secure retirement.

Please keep in mind, for your protection, only the Board of Trustees is authorized tointerpret the Plan. If there is a conflict between the Plan and this booklet, the rules ofthe Plan will prevail. You may access the Plan at www.bnf-kc.com. While you may receivePlan information from the Union or your Employers, this information is not official. Onlycommunications sent to you in writing and signed on behalf of the Board of Trustees or theFund Office is considered official Plan information. Future Plan changes will be sent to youand should be kept with this document.

We hope you find this SPD helpful and you and your family will enjoy the protection of thePlan for many years to come. If you have questions after reading this SPD, you maycontact the Fund Office toll free by telephone at 866-342-6555, 7 a.m. to 5 p.m. CST,Monday through Friday, or in writing at 754 Minnesota Avenue, Kansas City, Kansas,66101-2766.

Sincerely,

The Board of Trustees

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Employer Trustees Union Trustees

Michael G. Morash Warren FairleyTerry AnCel John J. SkermontDavid J. ZachLarry Jansen

Sean P. MurphyEdwin G. Vance

Scott Anderson Lawrence J. McManamonJeff A. Sizer B. Allen MeyersJeff Brown Mark VandiverRonnie L. Traxler Raymond Ventrone

Paul MadayJ. Tom BacaJames A. Pressley

Executive Administrator

Richard L. CalcaraBoilermaker-Blacksmith National Pension Trust754 Minnesota AvenueKansas City, KS 66101-2766Phone: 866-342-6555

Legal Counsel

Blake & Uhlig, P.A.475 New Brotherhood Bldg.753 State AvenueKansas City, KS 66101Phone: 913-321-8884

Consultant

The Segal Company

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Letter from the Board of Trustees ................................................................................ iThe Board of Trustees .................................................................................................. iiTable of Contents......................................................................................................... iiiSection 1: Introduction ................................................................................................. 1

Important Note...................................................................................................... 1Assistance for Those Who Do Not Read English ................................................. 1

Section 2: Plan Highlights ............................................................................................ 3Section 3: Things for You to Do................................................................................... 4

Save this SPD ...................................................................................................... 4Inform the Fund Office of Changes....................................................................... 4If You are Thinking about Retirement ................................................................... 4If You are Terminating Covered Employment....................................................... 4Check Your Benefit Options ................................................................................. 4Keep Your Records .............................................................................................. 4Designate a Beneficiary........................................................................................ 5Questions ............................................................................................................. 5

Section 4: Beginning Work........................................................................................... 6Becoming a Participant in the Plan ....................................................................... 6Permanent Break in Covered Employment .......................................................... 6Participation in the Plan may be Terminated ........................................................ 6Participation after a Permanent Break in Covered Employment........................... 6Your Contribution Date ......................................................................................... 6

Section 5: Vesting and Pension Credit........................................................................ 7Plan Credit Year................................................................................................... 7Vesting Service and Pension Credit are Different................................................. 7Vesting for Benefits .............................................................................................. 7Credit Earned for Work Performed before Contribution Date ............................... 7Past Service Credit............................................................................................... 8Figuring Past Service Credit ................................................................................. 8Limits on Past Service Credit................................................................................ 8Information the Plan Considers to Determine Past Service Credit ....................... 8Future Service Credit............................................................................................ 8

Section 6: Breaks in Covered Employment .............................................................. 10

Permanent Break in Covered Employment before January 1, 1976................... 10Permanent Break in Covered Em ployment after 1975 through September 30,

1985 .............................................................................................................. 10Permanent Break in Covered Employment on and after October 1, 1985.......... 10Effect of a Permanent Break in Covered Employment ....................................... 10Grace Periods..................................................................................................... 10You Can Only Incur a Permanent Brea k in Cover ed Employ ment before

Vesting for Benefits ....................................................................................... 12

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Your Pension Statement Reflects Permanent Breaks in Covered Employment .12Section 7: Pension Benefits .......................................................................................13

Pension Types ....................................................................................................13Basic Pension .....................................................................................................13Past Service Pension..........................................................................................15Early Retirement Pension ...................................................................................20Vested Pension...................................................................................................23

Alternative Vested Pension.................................................................................24Disability Pension................................................................................................25

Section 8: Applying for Benefits ................................................................................33How to Apply for Benefits....................................................................................33Time Line for Applying for Pension Benefits .......................................................33When Your Application is Considered Filed ........................................................35Payment of Benefits Accrued after an Initial Annuity Starting Date ....................37

Section 9: Forms of Payment Pension Benefits ....................................................40How Your Pension will be Paid ...........................................................................40Married Participants ............................................................................................40When a Husband and Wife Pension is Not Effective ..........................................42Unmarried Participants .......................................................................................43

All Participants ....................................................................................................43How to Elect an Optional Form of Payment ........................................................45Other Distributions ..............................................................................................45

Section 10: Service in the Uniformed Service...........................................................47Pension Credit during Periods of Uniformed Service ..........................................47Types of Uniformed Service Covered .................................................................47Earning Pension Credit during Uniformed Service..............................................47When Your Service in the Uniformed Service Must Begin ..................................48Discharges or Dismissals that Disqualif y You from R eceiving Credit during

Uniformed Service .........................................................................................48Reporting to Work ...............................................................................................48Deadlines for Reporting to Work.........................................................................49Documentation You Must Submit to the Fund Office upon Your Return .............50Vesting Service ...................................................................................................50Break in Covered Employment ...........................................................................50Figuring a Contribution Rate for the Period of Uniformed Service ......................50Payment of Contributions....................................................................................50Death or Disability during Uniformed Service .....................................................50

Section 11: Death Benefits .........................................................................................51Death before Retirement.....................................................................................51Death after Retirement........................................................................................53

Section 12: Designation of Beneficiary .....................................................................55If Your Spouse is Your Beneficiary and You Become Divorced..........................55If You Do Not Designate a Beneficiary................................................................55If Your Beneficiary Dies before Receiving all Payable Benefits ..........................55How Benefits Due to You at the Time of Your Death Will be Paid ......................56

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If the Plan Cannot Find You or Your Beneficiaries ............................................. 56If You are Divorced, Your Ex-Spouse may Have a Right to Benefits .................. 56

Section 13: Pension Benefit Limits............................................................................ 57Dollar Limits........................................................................................................ 57Dollar Limit Reductions....................................................................................... 57Reduction for Benefit Form................................................................................. 57

Adjustment of Dollar Limit for Early or Late Retirement...................................... 58Cost of Living Adjustment ................................................................................... 58Plan Adjustment ................................................................................................. 59No Employer-by-Employer Testing for Benefits Accrued after 2007................... 59Practical Suggestions for Dollar Limits ............................................................... 60Section 401(a)(17) Compensation Limit ............................................................. 61

Section 14: Claims and Appeals ................................................................................ 62Claim Filing......................................................................................................... 62If Your Claim for Benefit is Denied...................................................................... 62How to File an Appeal ........................................................................................ 62When Your Appeal is Reviewed and Decided .................................................... 63

Information the Appeals Committee Considers .................................................. 63You Will be Notified of the Appeals Committees Decision ................................. 63The Trustees Decision is Final........................................................................... 63Legal Action........................................................................................................ 63

Section 15: Qualified Domestic Relations Orders .................................................... 65Benefits may be Divided under State Domestic Relations Law .......................... 65

A Qualified Domestic Relations Order................................................................ 65If the Plan Receives a QDRO ............................................................................. 65If a QDRO is Pending ......................................................................................... 65If You Get Remarried.......................................................................................... 65If You Divorce after Starting Your Pension ......................................................... 66If You Need Additional Information ..................................................................... 66

Section 16: Retirement and Disqualifying Employment .......................................... 67Retirement .......................................................................................................... 67Disqualifying Employment .................................................................................. 67Employment After Reaching Age 70 ............................................................... 68Suspension of Benefits....................................................................................... 68Determination of Disqualifying Employment ....................................................... 69Special Retiree Work Rules................................................................................ 69If You Return to Work after Retiring on a Disability Pension .............................. 70Pension Payment following Suspension or Recalculation of Benefits ................ 70Recalculated Monthly Benefits ........................................................................... 70No Reduction in Value........................................................................................ 71

Section 17: Plan Amendment and Termination ........................................................ 72Plan Amendment ................................................................................................ 72Employers Termination of Participation ............................................................. 72Plan Termination ................................................................................................ 72

Section 18: How Benefits may be Reduced, Delayed, Forfeited or Offset ............. 74

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Section 19: Recent Pension Funding Changes ........................................................75The Economic Downturn Impacted the Plan .......................................................75Supplemental Contributions................................................................................75Base Contribution Rate.......................................................................................75Minimum Contribution Rate ................................................................................75

Section 20: General Information ................................................................................77Plan Name ..........................................................................................................77Plan Sponsor......................................................................................................77Plan Administration Type ....................................................................................77Plan Administrators Name, Address, and Telephone Number...........................77

Agent for Service of Legal Process.....................................................................77Plan Identification Numbers ................................................................................78Pension Plan Type..............................................................................................78Plan Financing Source........................................................................................78Collective Bargaining Agreements ......................................................................78Funding Medium .................................................................................................78Plans Fiscal Year...............................................................................................78Titles ...................................................................................................................79Gender and Number...........................................................................................79Trustees Discretion to Interpret the Plan and Resolve Disputes ........................79Conflict between Summary Plan Description and Plan Document......................79Plan Amendment or Termination ........................................................................79

Section 21: Your ERISA Rights ..................................................................................80Statement of ERISA Rights.................................................................................80

Section 22: Glossary ...................................................................................................82

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entender cualquier parte de resumende Plan, por favor pongase en contacto con la oficinade pensiones en 866-342-6555.

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This Plan provides retirement benefits for you and, if you are married, survivor benefits foryour Spouse. The Plan offers the following types of Pension:

Basic Pension

Past Service Pension

Early Retirement Pension

Vested Pension

Alternative Vested Pension

Disab ility Pension

You may receive pension benefits in the following forms of payment:

50% Husband and Wife Pension - automatic benefit form for married Participants 75% Husband and Wife Pension - optional benefit form for married Participants

100% Husband and Wife Pension - optional benefit form for married Participants

Single Life Annuity 60-Months Certain - automatic benefit form for single Participants

Single Life Annuity 120-Months Certain - optional benefit form

Level Income Option - optional benefit form

The Plan also provides Death Benefits, payable to your Beneficiary, if you meet certaineligibility requirements.

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Save this SPD

Keep this SPD in a safe place. If you lose your copy, you may request another copy fromthe Fund Office. Tell your family, particularly your Spouse, about this SPD and its location.

Inform the Fund Office of Changes

Keep the Fund Office informed of changes to your mailing address, telephone number, ormarital status. This helps us make sure you and your Beneficiaries receive all informationand notices. Include your full Social Security number with all letters or documents you sendto the Fund Office so we can correctly file your information.

If You are Thinking about Retirement

Get the information you need from the Fund Office and file your application in plenty oftime. We suggest you apply three months before you want benefits to begin. You will needcopies of certain documents such as birth certificates, marriage certificates, divorcedecrees, Qualified Domestic Relations Orders (QDROs), or death certificates. If you havequestions, the Fund Office can let you know what you need to submit with your completedapplication.

If You are Terminating Covered Employment

Contact the Fund Office for information on your pension status. We will tell you if you arevested, if you meet eligibility requirements for pension benefits, and/or if you have Breaksin Covered Employment. Make sure the Fund Office has your most recent employment,marital status, and Beneficiary designation.

Check Your Benefit Options

Contact the Fund Office if you have questions, especially when you have a change in your

family status such as a marriage, divorce, or death. Deadlines apply to certain benefitoptions.

Keep Your Records

Accurate Covered Employment work records are important to correctly determine youreligibility and benefit amount. By checking the annual benefit statements against your

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records, you may avoid delays in processing your benefit. Keep pay vouchers, payrollcheck stubs and other evidence of employment until you are credited with that work.

Designate a Beneficiary

Designate your Beneficiary by completing the Plans Designation of Beneficiary Form. Theoriginal Beneficiary Form must be received in the Fund Office prior to your death. If yourBeneficiary dies before you, or you want to change your Beneficiary, promptly request aDesignation of Beneficiary Form from the Fund Office. For more information refer toSection 12 of this SPD.

Questions

You should contact the Fund Office about questions you have about the Plan or anydisagreement you have concerning your records. Remember, only information in writing,

signed on behalf of the Trustees, can be considered official.

Address and phone number:

The Boilermaker-Blacksmith National Pension Trust754 Minnesota Ave.Kansas City, KS 66101-2766Toll free phone number: 866-342-6555 or 913-342-6555

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Becoming a Participant in the Plan

You become a Participant in the Plan once you have completed one Hour of Work inCovered Employment for which a Contribution to the Pension Plan is required. CoveredEmployment is work for which your Employer is required to make Contributions to this Planunder a Participation Agreement or a Collective Bargaining Agreement with theInternational Union, affiliated districts, or Local Lodges.

Permanent Break in Covered Employment

If you have a Permanent Break in Covered Employment, all Pension Credit earned before

the Permanent Break is cancelled and all Contributions made on your behalf are forfeited.Remember, you can only incur a Permanent Break if you have not vested for benefits.Once you have vested for benefits, your right to benefits from the Plan is nonforfeitable.

Participation in the Plan may be Terminated

Your participation in the Plan can be terminated if you incur a Permanent Break in CoveredEmployment. Information about Permanent Breaks in Covered Employment is found inSection 6 of this SPD. You can only have a Permanent Break in Covered Employment ifyou are not a Pensioner or vested for benefits. If you have a Permanent Break in CoveredEmployment, you will stop being a Plan Participant on the last day of the Plan Credit Yearin which the Permanent Break occurs.

Participation after a Permanent Break in Covered Employment

If you have a Permanent Break in Covered Employment, you will become a Participantagain when you complete one Hour of Work in Covered Employment for which aContribution is required. While you will again become a Participant, your participation andPension Credit will only be calculated on a go-forward basis. Pension Credit earned beforethe Permanent Break in Covered Employment will not be used to calculate your benefit.

Your Contribution Date

Your Contribution Date is the first date your first Employer was obligated to makeContributions to the Plan under a Collective Bargaining Agreement or Participation

Agreement. If there is no Collective Bargaining Agreement or Participation Agreement, yourContribution Date is the first date an Employer makes Contributions on your behalf. YourContribution Date may change after a Permanent Break in Covered Employment.

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Plan Credit Year

A Plan Credit Year is the period of 12-consecutive calendar months from October 1 of anyyear through September 30 of the next year. The Plan Credit Year is used to determinevesting and benefit accrual.

Vesting Service and Pension Credit are Different

Vesting Service

A year of Vesting Service is any Plan Credit Year in which you earn at least 1,000 Hours of

Work in Covered Employment after your Contribution Date. Vesting Service is used todetermine your eligibility for a vested benefit and to avoid Breaks in Covered Employment.

Pension Credit

Pension Credit is a combination of Past and Future Service Credit. Pension Credit is usedto determine your eligibility and monthly pension benefit amount.

Past Service Credit is credit for periods of employment in the Boilermaker trade prior toyour Contribution Date. Future Service Credit is credit for periods of employment inCovered Employment on and after your Contribution Date.

Vesting for Benefits

You vest for Plan benefits if you:

Were a Plan Participant before December 31, 1988, have not worked any hourssince then, and have accumulated at least ten years of Vesting Service.

Are a Plan Participant, have at least one Hour of Work in Covered Employment afterDecember 31, 1988, and have five years of Vesting Service.

Are a Plan Participant, have at least one Hour of Work in Covered Employment and

you reach Normal Retirement Age.

Credit Earned for Work Performed before Contribution Date

Work in the Boilermaker trade before your Contribution Date may entitle you to PastService Credit. If your participation in the Plan started before January 1, 1998, your PastService Credit will be based on your employment with any Employer(s) who had aCollective Bargaining Agreement with the International Brotherhood of Boilermakers or one

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If you work less than 1,200 Hours of Work in Covered Employment, you will receive year of Pension Credit for each 300 Hours of Work in Covered Employment. If youwork more than 1,200 Hours of Work in Covered Employment, you will receive year of Pension Credit for each 300 Hours of Work in Covered Employment inexcess of 1,200.

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Permanent Break in Covered Employment before January 1, 1976

Before January 1, 1976, you had a Permanent Break in Covered Employment if you failedto work 1,000 hours in Covered Employment during any period of three whole consecutivePlan Credit Years. However, the Permanent Break in Covered Employment did not cancelyour Pension Credits if you met requirements for a Basic, Early Retirement, Disability, or

Alternative Vested Pension or if you reached age 62 before the Break.

Permanent Break in Covered Employment after 1975 through September30, 1985

After September 30, 1975, you had a One Year Break in Covered Employment in any PlanCredit Year during which you failed to complete at least 500 hours of service. You had aPermanent Break in Covered Employment if you had consecutive One Year Breaks, if thenumber of consecutive One Year Breaks equaled or exceeded your years of VestingService and if at least one of the One Year Breaks occurred after September 30, 1975.

Permanent Break in Covered Employment on and after October 1, 1985

Beginning October 1, 1985, you have a Permanent Break in Covered Employment if youhave at least five consecutive One Year Breaks in Covered Employment and the number of

such consecutive One Year Breaks in Covered Employment equals or exceeds the years ofVesting Service which you have previously accumulated.

Effect of a Permanent Break in Covered Employment

If you have a Permanent Break in Covered Employment, you stop being a Participant in thePlan. Your Pension Credit and years of Vesting Service are cancelled. Contributions madeby your Employer on your behalf are forfeited. However, if you meet the eligibilityrequirements for Past Service Credit, you may be eligible for credit based on hours workedin the period before your Permanent Break in Covered Employment.

Grace Periods

A grace period extends the time you have to earn the required hours. You may be eligiblefor a grace period if you did not earn the required credit for specific reasons. A grace perioddoes not add to Pension Credit.

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Grace Periods after September 30, 1975

Your record may be protected if you did not earn 500 hours of work in a Plan Credit Yearfor specific reasons.

Non-Covered Employment Credit (NCEC) may be used to meet the 500 hour test to avoid

a One-Year Break in Covered Employment. NCEC does not add to your Pension Credit orbenefit accrual. NCEC is granted for work or leave of absence as follows:

Work in non-covered employment if the non-covered employment comesimmediately before or after Covered Employment with the same Employer andoccurs while the Employer participates in the Pension Plan.

Work in a supervisory position with a contributing Employer which excludes theindividual from the bargaining unit represented by the Union.

Work outside the United States of America in the Boilermaker trade with acontributing Employer or an employer affiliated with a contributing Employer.

Work as a full-time salaried officer or assistance of a Local Lodge which does notelect to become a contributing Employer.

Work for an Employer signatory to a Collective Bargaining Agreement with the Unionwhich did not require Contributions to this Plan.

Military service in the Armed Forces of the United States for up to five years ofservice, or longer period during which the individual has employment rights with acontributing Employer pursuant to Federal law, if:

The individual was a Participant in the Plan before the military service.

The discharge was not dishonorable.

The Participant returns to Covered Employment within the applicable timeperiod after release from active duty. See Section 10 for more information.

Work as a Coordinator for an Area Apprenticeship Committee established andoperating under the Agreement and Declaration of Trust governing the Boilermakers

Area Apprenticeship Funds.

Work in the Boilermaker trade with a state, county, municipality, or politicalsubdivision thereof which does not make Contributions to this Trust.

Periods of disability for which the Participant receives workers compensationbenefits or is paid for the hours of disability for an injury incurred while working inCovered Employment with an Employer.

Beginning on or after October 1, 1987, a Participant may be granted NCEC if theParticipant was absent from Covered Employment due to parental leave. Parentalleave is if the Participant is absent from work in Covered Employment because of:

Pregnancy

Birth of his or her child

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Placement of a child for adoption with the Participant

Caring for a child of the Participant during the period immediately followingthe birth or placement for adoption, including the time involved for a trialperiod prior to adoption.

NCEC for parental leave as described above will be granted in the Plan Credit Year ofthe absence or, if the Participant already has 500 or more hours during that Plan CreditYear, in the Plan Credit Year immediately following the absence.

To be granted NCEC, you must notify the Board of Trustees in writing, and submit writtenevidence as required by the Board.

You Can Only Incur a Permanent Break in Covered Employment beforeVesting for Benefits

You are only subject to a Permanent Break in Covered Employment if you have not yetvested for benefits. Rules regarding Permanent Breaks in Covered Employment do notapply if you are vested for benefits.

Your Pension Statement Reflects Permanent Breaks in CoveredEmployment

If you have Permanent Breaks in Covered Employment, they will be reflected in yourAnnual Pension Statement.

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There are several types of Pension benefits available through the Plan. To receive anybenefit from the Plan, you must do all of the following:

Meet the eligibility requirements

Separate from service, if you are younger than Normal Retirement Age. This meansthat, at the time of your retirement, you both:

Terminate your employment relationship with any and all Employerscontributing to the Plan

Have the present intent to refrain from returning to work for any suchcontributing Employer

Get an application for benefits from the Fund Office

Sign the application for benefits in front of a notary public

Application must be signed and notarized on the same day

Notary public must include his or her seal or stamp

File your completed, notarized application for benefits with the Fund Office

No benefit will be paid without a signed, notarized application being submitted to the FundOffice. For a complete list of required documents to submit with your Pension Application,refer to Section 8.

Pension Types

There are Age, Early Retirement, and Disability Pensions. All Pensions are calculated byfirst figuring the Basic Pension.

Basic Pension

The standard pension is the Basic Pension. A Basic Pension is the benefit amountdetermined by a formula using the Contributions made on your behalf. The Basic Pension

provides the foundation to calculate your pension which then may be adjusted by age,Pension Credits, and payment options.

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Eligibility for a Basic Pension

You may receive a Basic Pension if you meet at least one of the following:

You are at least age 65 and have at least 1,000 Hours of Work in CoveredEmployment. The 1,000 hour work requirement will be waived if all the following are

met: You have at least 15 years of Pension Credit

You have had a Contribution made on your behalf

You become totally and permanently disabled after your Contribution Date

You have reached Normal Retirement Age.

The Basic Pension Amount if Your First Hour of Work is before October 1, 2008

If payment of your pension benefit is starting on or after October 1, 2003, the monthlyamount is equal to:

1. 51.5% of the total Contributions made on your behalf for Plan Credit Years beforeOctober 1, 2003, divided by 12 plus

2. 33% of the total Contributions made on your behalf for Plan Credit Years beginningon or after October 1, 2003, and before October 1, 2008, divided by 12 plus

3. 33% of the total Regular Contributions made on your behalf for Plan Credit Yearsbeginning on or after October 1, 2008, divided by 12

Example 1: You retire as of July 1, 2003, and y ou have total Contributions c redited onyour behalf of $45,000.00. The first step is to multiply $45,000.00 by 51.5%, whic hequals $23,175.00. The sec ond step is to divide $23,175. 00 by 12, which equals$1,931.25. This is the monthly amount of your Basic Pension.

Example 2: Now assume you retire as of July 1, 2006, with Contributions on your behalfup until your Annuity Starting Date. Your benefit will be determin ed in two segments .

Assume the total Contributions on your behal f that accumulated through Se ptember 30,2003, are $45,000.00, and the total Contributions on your behalf beginning October 1,

2003, through your Annuity Starting Date ar e $10,500.00. The monthly benefit would becalculated as follows: 51.5% of $45,000.00 equals $2 3,175.00 and 33% of $10,500.00equals $3,465.00. The sum of t hese two amounts is $26,640.00, which, divided by 12,equals $2,220.00. This is the monthly amount of your Basic Pension.

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If your first Hour of Work is on or after October 1, 2008, the monthly amount of the BasicPension is equal to:

1. 25% of the total Regular Contributions made on your behalf and attributable to yourfirst 18,000 Hours of Work in Covered Employment, divided by 12plus

2. 33% of the total Regular Contributions made on your behalf and attributable to yourHours of Work in Covered Employment after your first 18,000 hours, divided by 12

Example: Your first Hour of Work is afte r October 1, 2008, and yo u have tot alContributions credited on your behalf for t he first 18,000 Hours of Work in Cover edEmployment of $25,000. 00. You have total Contributions credited on your behalf forHours of Work in Covered Em ployment a fter the 18,000 Hours of Work in CoveredEmployment through your Annuity Starting Date of $10,000.00. The monthly benefitwould be calculated as follows: 25% of $25,000.00 equals $6 ,250.00 and 33% of$10,000.00 equals $3,300.00. T he sum of these two amoun ts is $9,550.00, which

divided by 12, equals $795.83. This is the monthly amount of your Basic Pension.

Adjustment of Benefits for Delayed Retirement

Effective as of October 1, 1989, if your Annuity Starting Date is after your NormalRetirement Age, your monthly benefit shall be the greater of:

The benefit payable at your Annuity Starting Date based on all Pension Creditearned.

The accrued benefit at your Normal Retirement Age actuarially increased for eachcomplete calendar month between your Normal Retirement Age and your Annuity

Starting Date for which benefits were not suspended. The actuarial increase is 1%per month of the first 60 months after your Normal Retirement Age and 1.5% foreach month thereafter.

This amount will be converted on the Annuity Starting Date to the benefit payment form youelect on your Pension Application or the applicable automatic form if no other form iselected.

Past Service Pension

A Past Service Pension is based on Past Service Credit. There are two types of PastService Pension: Regular Past Service Pension and Special Past Service Pension.

Eligibility for a Regular Past Service Pension

You may be eligible for a Regular Past Service Pension if you meet requirements for aBasic Pension, and have at least 15 years of Pension Credit, including both Past andFuture Service Credit. If you elect an Early Retirement Pension and your first Hour of Workin Covered Employment was on or after October 1, 2003, the Regular Past Service

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Pension will only be payable if you have also performed at least 6,000 Hours of Work inCovered Employment.

Eligibility for a Special Past Service Pension

If you meet requirements for a Basic Pension, but have less than 15 years of PensionCredit, including both Past and Future Service Credit, you will be entitled to a Special PastService Pension provided you meet all requirements below:

During the five year period immediately before your Contribution Date, you werecompensated for at least 3,000 Hours of Work in either:

A job classification of the type now included in any Collective BargainingAgreement or

By a contributing Employer

During the five year period immediately before your Contribution Date, you were

compensated for at least 1,000 Hours of Work, out of the 3,000 Hours of Workrequired above either:

In a collective bargaining unit at any time represented by the Union or

By a contributing Employer

Contributions on your behalf began within two years immediately following yourContribution Date

Regular Past Service Pension Amount

For pensions effective on and after October 1, 1998, the Regular Past Service Pension willbe equal to:

1. The number of years of your Past Service Credit multiplied by

2. The product of 30 times the Average Contribution Factor

If you are in a collective bargaining unit which first became covered by the Plan after July 1,1968, the product cannot be greater than $7.50.

If you first began participation on or after January 1, 1998, the multiplier is the product of

ten times the Average Contribution Factor. No Past Service credit will be granted if yourAverage Contribution Factor is less than $0.25. The product cannot be greater than $7.50.

The Average Contribution Factor

The Average Contribution Factor is the number obtained by dividing the total Contributionsmade for you during all Plan Credit Years beginning with the first whole Plan Credit Yearafter the Contribution Date and before February 1, 2009, and the Regular Contributionsmade for you after January 31, 2009, by the total number of hours reported by Employers.

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If your Contribution Date was before October 1, 1963, the period to be used in figuring yourAverage Contribution Factor will begin on October 1, 1963.

Time Period Maximum Past ServicePension Credit Allowed

Maximum* AverageContribution Factor

FixedMultiplier

Contribution Datebefore July 1, 1968

25 Not Applicable 30

Contribution Date onor after July 1, 1968 &Participant beforeJanuary 1, 1998

25 $0.25 30

Participant on or afterJanuary 1, 1998

15 $0.75 10

* This is only the maximum Average Contribution Factor. The actual Average Contribution Factor may be lower.

Past Service Credit Calculation - Contribution Dates Prior to July 1, 1968

Example: Brenda Boilermakers Contribution Date was on December 1, 1964, and shehas 25 years of Past Servic e Credit. The Average Contribution Factor is $0.40. What isthe monthly amount of Brendas Regular Past Service Pension?

25 years Past Service Credit x $0.40 Average Contribution Factor x 30 Fixed Multiplier =$300.00 Regular Past Service Pension per month for Brenda

Past Service Credit Calculation - Contribution Dates on or after July 1, 1968 andbefore January 1, 1998

Example: Bobby Boilermakers Contribution Date was May 1, 1992, and he has 25years of Past Servic e Credit. T he Average C ontribution Factor is $0.25. What is themonthly amount of Bobbys Regular Past Service Pension?

25 years Past Service Credit x $0.25 Average Contribution Factor x 30 Fixed Multiplier =$187.50 Regular Past Service Pension per month for Bobby

Past Service Credit Calculation - Contribution Dates on or after January 1, 1998

Example: Brad Boilermakers Contribution Date was April 1, 1999, and he has 15 yearsof Past Service Credit. The Av erage Contribution Fact or is $0.75. What is the monthlyamount of Brads Regular Past Service Pension?

15 years Past Service Credit x $0.75 Average Contribution Factor x 10 Fixed Multiplier =$112.50 Regular Past Service Pension per month for Brad

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Special Past Service Pension Amount

The Special Past Service Pension is calculated by considering your age at the timeContributions were first received on your behalf and the Contribution amount received inthe first two years of your participation in the Plan. The monthly Special Past ServicePension will be the applicable amount from the tables on the following pages, divided by

12.

Age = Age of Employee when Contributions first started for you

2-Year Contribution = Contributions during the two-year period following the monthContributions first started for you

Pension = Annual amount of Special Past Service Pension

Age 2-Year Contribution Pension

$30 to $59.99 $60.0073 and over

$60 and over $120.00

$40 to $79.99 $60.0068 to 72

$80 and over $120.00

$80 to $159.99 $60.0063 to 67

$160 and over $120.00

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Age = Age of Employee when Contributions first started for you

2-Year Contributions = Contributions during the two-year period following the monthContributions first started

Pension = Annual amount of Special Past Service Pension

PensionAge of

Employee Two-Year Contributions$100.00 - $199.99

Two-Year Contributions$200.00 or more

50 to 62 $60.00 $120.00

49 $56.00 $112.00

48 $52.00 $104.00

47 $48.00 $96.00

46 $44.00 $88.00

45 $40.00 $80.00

44 $36.00 $72.00

43 $32.00 $64.00

42 $28.00 $56.00

41 $24.00 $48.00

40 $20.00 $40.00

39 $16.00 $32.00

38 $12.00 $24.00

37 $8.00 $16.00

36 $4.00 $8.00

35 and under $0.00 $0.00

For purposes of column two in each of the tables, only Regular Contributions will beincluded for periods on or after February 1, 2009.

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Early Retirement Pension

Eligibility for an Early Retirement Pension

To qualify for an Early Retirement Pension, you must meet all of the following

requirements: Be at least age 55, but younger than age 65.

Have at least 15 years of Pension Credit, including both Past Service Credit andFuture Service Credit. If your first Hour of Work in Covered Employment is on orafter October 1, 2003, your Past Service Credit will only be considered towardseligibility for the Early Retirement Pension if you have at least 6,000 Hours of Workin Covered Employment.

Have at least 1,000 Hours of Work in Covered Employment credited to your account.

Have filed a written application for benefits.

Early Retirement Pension Amount

Your monthly Early Retirement Pension will be calculated by taking the amount of the BasicPension and Past Service Pension to which you would be entitled at age 65 and adjustingthat amount based on your age, Pension Credit, and when you performed your first Hour ofWork (before or after October 1, 2008). The following examples and charts illustrate howthe adjustments work.

If Your First Hour of Work was before October 1, 2008:

Age on Effective Date of Pension

PensionCredits

55 56 57 58 59 60 61 62 63 64 65

15-24 49% 55% 61% 67% 73% 79% 85% 91% 94% 97% 100%

25-29 58% 64% 70% 76% 82% 88% 94% 100% 100% 100% 100%

30-34 82% 88% 94% 100% 100% 100% 100% 100% 100% 100% 100%

35+ 91% 94% 97% 100% 100% 100% 100% 100% 100% 100% 100%

Percentages in the table represent the portion of the Pension you will receive, not the reduction amount.

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Your monthly amount will be calculated based on your age.

15-24 Pension Credits

Age 62-65

Your monthly amount is reduced by 0.25% for each month you are younger than age 65,but not younger than age 62.

Less than Age 62

Your monthly amount is reduced by 0.5% for each month you are younger than age 62 onthe effective date of your Early Retirement Pension.


Age 62 or More

Your monthly amount will be equal to the amount of the Basic Pension and Past ServicePension you would be entitled to at age 65.

Less than Age 62

Your monthly amount is reduced by 0.5% for each month you are younger than age 62 onthe effective date of your Early Retirement Pension.

30-34 Pension Credits (If Your Pension was Effective on or after October 1, 2001)

Age 58 or More

Your monthly amount will be equal to the amount of Basic Pension and Past Service

Pension you would be entitled to at age 65.

Less than Age 58

Your monthly amount will be reduced by 0.5% for each month you are younger than age 58on the effective date of your Early Retirement Pension.

35 or More Pension Credits (If Your Pension was Effective on or after October 1, 2001)

Age 58 or More

Your monthly amount will be equal to the amount of Basic Pension and Past Service

Pension you would be entitled to at age 65.

Less than Age 58

Your monthly amount will be reduced by 0.25% for each month you are younger than age58 on the effective date of your Early Retirement Pension.

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Example: Bridget Boilermakers First Hour of Wo rk in Covered Employm ent was inJanuary of 1975. Bridget will have 36 Pension Credits when s he retires on August 1,2010, six months after her 55 th birthday. Her nonreduced monthly retirement benefit is$3,500 per month. Because she will have 36 Pension Credits, her monthly retirementbenefit must be reduced by 0.25% for each mont h she is retired prior to age 58. At the

time of her retirement, she is 30 months short of a ge 58. As a result, her monthlypension benefit must be reduced by a total of 7.5%. He r monthly pension benefit will be$3,237.50, after it is reduced by $262.50 ($3,500 x 0.075 = $262.50).

If Your First Hour of Work was on or after October 1, 2008:

Age on Effective Date of Pension

PensionCredits

55 56 57 58 59 60 61 62 63 64 65

15-24 40% 46% 52% 58% 64% 70% 76% 82% 88% 94% 100%

25-29 58% 64% 70% 76% 82% 88% 94% 100% 100% 100% 100%

30+ 82% 88% 94% 100% 100% 100% 100% 100% 100% 100% 100%

Percentages in the table represent the portion of the Pension you will receive, not the reduction amount.


Your monthly amount is reduced by 0.5% for each month you are younger than age 65.


Age 62 or Older

Your monthly amount will be equal to the amount of Basic Pension and Past ServicePension you would be entitled to if your were 65 years of age on the effective date of yourEarly Retirement.

Less than Age 62

Your monthly amount will be reduced by 0.5% for each month you are younger than age 62on the effective date of your Early Retirement Pension.

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Have reached Normal Retirement Age

Have reached age 55 if you have fulfilled the service requirements for an EarlyRetirement Pension

Vested Pension Amount

If Your Break in Covered Employment Occurred before January 1, 1976

Your Vested Pension amount is determined by Pension Plan rules in effect before January1, 1976.

If Your Break in Covered Employment Occurred on or after January 1, 1976

Your Vested Pension amount, if you have reached Normal Retirement Age, is calculatedthe same way as the Age Pension. If payment of your Vested Pension starts before yourNormal Retirement Age but after age 55, and you have met the service requirements of anEarly Retirement Pension, the Vested Pension is calculated the same way as the Early

Retirement Pension.

Alternative Vested Pension

Eligibility for an Alternative Vested Pension

An Alternative Vested Pension may be available if you do not meet requirements for aVested Pension. You must meet at least one of the following requirements to be eligible foran Alternative Vested Pension:

If you incur a Break in Covered Employment when you have at least ten years of

Future Service Credit, you are entitled to an Alternative Vested Pension beginningon the first day of the month after your 65th birthday, if you meet requirements foradvance application.

If you incur a Break in Covered Employment when you have at least 15 years ofPension Credit, including at least ten years of Future Service Credit, you will, uponapplication, be entitled to an Alternative Vested Pension following the date you reachage 55. Regardless of age, if you are permanently and totally disabled and areawarded a Social Security Disability Benefit under Title II of the Social Security Act,Social Security Supplemental Income Award, a Railroad Retirement Annuitybecause of disability under the Railroad Retirement Act, or a disability award fromthe Canadian Pension Plan offered by the Department of Human Resources and

Skills Development, your Alternative Vested Pension may become payable. Theamount of monthly Alternative Vested Pension will be adjusted for the earlier benefitstart date.

Alternative Vested Pension Amount

The monthly Alternative Vested Pension amount will be equal to:

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The Basic Pension and Regular or Special Past Service Pension, if any, you wouldreceive if you were age 65, based upon the multiplier factor in effect at the time ofyour Break in Covered Employment multiplied by

The following percentage appropriate to the years of Future Service Credit you haveaccumulated at the time you incur the Break in Covered Employment:

Years of FutureService Credit

Percentage Years of FutureService Credit

Percentage

10 50% 16 80%

11 55% 17 85%

12 60% 18 90%

13 65% 19 95%14 70% 20 100%

15 75% Not Applicable Not Applicable

If you met the eligibility requirements for an Alternative Vested Pension and return toCovered Employment, your Pension, upon your later retirement from, or termination of,Covered Employment, will be:

The Alternative Vested Pension amount which had been established for you at the

time of your Break in Covered Employmentplus The Basic Pension amount earned as a result of Contributions credited to your

account after your return to Covered Employment

Disability Pension

If you become totally and permanently disabled before age 65, a Disability Pension may beavailable to you.

Disability Pension Eligibility

You are entitled to a Disability Pension if you are totally and permanently disabled beforereaching age 65 and if you meet all of the following Disability Pension requirements:

You are awarded one of the following:

Social Security Disability Benefit under Title II of the Social Security Act

Social Security Supplemental Income Award for disability

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Railroad Retirement Annuity because of disability under the RailroadRetirement Act

Canadian Pension Plan disability benefits offered by the Department ofHuman Resources and Skill Development

You have at least 1,000 Hours of Work in Covered Employment*.

You have at least 120 Hours of Covered Employment in the Plan Credit Year youbecome totally and permanently disabled or in the Plan Credit Year immediatelybefore you become totally and permanently disabled if you are filing an applicationafter October 1, 2008.

You have provided the Fund Office with:

A written application for benefits.

A copy of your disability benefits Notice of Award from the Social SecurityAdministration, Railroad Retirement Board, or the Canadian Pension Planoffered by the Department of Human Resources and Skills Development.

If your first Hour of Work in Covered Employment is on or after October 1, 2008, youmust have at least ten years of Future Service Credit. If your first Hour of Work wasbefore October 1, 2008, you do not have to meet this requirement.

*This does not include the Hours of Work in Covered Employment after your Entitlement Date. This requirement will be waived if allof the following are met:

Your first Hour of Work in Covered Employment is before October 1, 2003 You have at least 15 years of Pension Credit At least one Contribution has been made on your behalf You have become permanently and totally disabled after your Contribution Date You meet all the other requirements for Disability Pension listed

Disability Pension Application

Application for a Disability Pension must be in writing on a form in the manner required bythe Board of Trustees. All information the Trustees consider necessary must be providedand addressed to the Fund Office.

Disability payment continues as long as your disability continues and you remain entitled toa Social Security, Railroad Retirement Disability Benefit, or Canadian Pension PlanDisability Benefit. When you turn 65, your Pension will continue regardless if you are totallyand permanently disabled.

Disability Pension Amount and Form of Payment

The monthly Disability Pension amount will be equal to the Basic Pension and Regular orSpecial Past Service Pension amount, if any, you would receive if you were 65 at the timeyou became totally and permanently disabled.

The form of payment for a Disability Pension depends on your marital status on yourDisability Pension Annuity Starting Date.

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Disability Pension Form of Payment Married

This section contains general information about a Disability Pension. There are additionalrequirements that apply to all Husband and Wife forms of payment. Please refer to Section 9.

Automatic Form

If you are married your Disability Pension will automatically be paid as a 50% Husband andWife Pension unless you specifically reject this form of payment.

A Disability Pension paid as a 50% Husband and Wife Pension is calculated by multiplyingthe pension amount by 82%, then taking that result and either subtracting 0.4% for eachyear your Spouses age is less than your age, or adding 0.4% for each year your Spousesage is greater than yours. The resulting percentage will not be greater than 100 percent.

50% Husband and WifePension

Per each year your Spouse isyounger than you

Per each year your Spouse isolder than you

Pension Amountx82% - 0.4% x years younger + 0.4% x years older

Optional Forms

You may reject the automatic form of a 50% Husband and Wife Pension and elect eitherthe 75% Husband and Wife Pension or the 100% Husband and Wife Pension.

If you elect the 75% Husband and Wife Pension, the pension amount is multiplied by 75%,then 0.5% is subtracted from that result for each year your Spouse is younger than you, or

0.5% is added to that result for each year your Spouse is older than you. The resultingpercentage will not be greater than 100 percent.





If you elect the 100% Husband and Wife Pension, the pension amount is multiplied by 67%,

then 0.5% is subtracted from that result for each year your Spouse is younger than you, or0.5% is added to that result for each year your Spouse is older than you. The resultingpercentage will not be greater than 100 percent.

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100% Husband andWife Pension




If you are married and want to receive your benefits in a Single Life Annuity form, you musthave your Spouses written consent. Refer to Section 9 for information on the Single Life

Annuity Options. Please note the reduction factors for the Single Life Annuity 120-MonthsCertain are different for a Disability Pension.

When Your Spouse Receives Payment

If your Disability Pension Annuity Starting Date was before July 1, 1988, your survivingSpouse may begin receiving payment on the later of:

The first month after your death

The first of the month after you would have turned 55

If your Disability Pension Annuity Starting Date was on or after July 1, 1988, yoursurviving Spouse will begin receiving payment starting the first of the month after yourdeath.

Disability Pension Form of Payment Unmarried

Automatic Form - Single Life Annuity 60-Months Certain

A Single Life Annuity pays a lifetime monthly pension for you, with monthly benefits

stopping at your death. Under the Plans automatic form of payment, the Single Life Annuity60-Months Certain, you will receive a minimum of 60 monthly pension payments. If you diebefore you have received 60 monthly payments, the balance of the payments will bedistributed to your designated Beneficiary until a total of 60 payments have been made toyou and your Beneficiary.

Optional Form - Single Life Annuity 120-Months Certain

The Plan also offers an optional Single Life Annuity 120-Months Certain, which provides aminimum of 120 monthly pension payments. This is an optional benefit form, and you mustelect to receive your benefits in this form. Please understand the monthly benefit amountwill be lower under the Single Life Annuity 120-Months Certain than the monthly benefit

amount paid under the Single Life Annuity 60-Months Certain because the guaranteeperiod is longer. Please note the reduction factors for the Single Life Annuity 120-MonthsCertain are different for a Disability Pension.

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Auxiliary Disability Benefit

You will be entitled to an Auxiliary Disability Benefit if:

Your Annuity Starting Date for your Disability Pension payments is after yourEntitlement Date. The Entitlement Date is the date you are entitled to start receiving

your Social Security Disability Benefit, Railroad Retirement Disability Benefit, orCanadian Pension Plan Disability Benefit.

You filed your Disability Pension Application and Disability Award on time.

The Auxiliary Disability Benefit is an amount, payable in a lump sum, equal to the monthlybenefit which would have been payable under your Disability Pension (in the payment formelected for that pension) between your Entitlement Date and the Annuity Start Date of yourDisability Pension.

A written application for benefits and a disability benefits Notice of Award from the SocialSecurity Administration, Railroad Retirement Board, or Canadian Pension Plan must be

filed with the Fund Office to be eligible for an Auxiliary Disability Benefit. Filedis defined asthe earlier of the legible postmark date or the date the Fund Office receives the applicationand Notice of Award.

If an application is filed more than 90 days after the mailing date of the Notice of Awardissued by the Social Security Administration, Railroad Retirement Board, or CanadianPension Plan, an Auxiliary Disability Benefit will not be payable. However, if your disabilitydetermination from the Social Security Administration, Railroad Retirement Board, orCanadian Pension Plan is made on or after July 1, 2002, the 90 day rule does not applyand you may be eligible for an Auxiliary Disability Benefit.

If You Lose Entitlement to a Disability Award

If you lose entitlement to a Social Security Disability Award, Railroad Retirement DisabilityAward, or Canadian Pension Plan Disability Award, you must report it in writing and supplya copy of your notice of termination from the Social Security Administration, RailroadRetirement Board, or Canadian Pension Plan to the Board of Trustees within 60 days afterthe date you receive your termination notice. Except as described below, if you loseentitlement to disability benefits, you will not be eligible for Disability Pension benefits fromthe Plan for any months after you lose entitlement.

If you do not notify the Board or do not supply the notice of termination to the Board within60 days, a three month suspension of benefits will occur following the date of your laterretirement. The three months suspension of benefits will not extend beyond your NormalRetirement Age.

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If You Return to Covered Employment after Losing Entitlement to a Disability Award

If you lose entitlement to a Social Security Disability Award, Railroad Retirement DisabilityAward, or Canadian Pension Plan Disability Award, you may re-enter Covered Employmentand resume benefit accrual under the Plan terms. You may be entitled to retirementbenefits under the Plan terms. These benefits are not affected by the fact you previously

received a Disability Pension.

Conditional Disability Pension

If you believe you are permanently and totally disabled, but have not yet received a SocialSecurity Disability Award, Railroad Retirement Disability Award, or Canadian Pension PlanDisability Award, you may elect to begin receiving a Conditional Disability Pension,provided you satisfy eligibility requirements for an Early Retirement Pension.

If you begin receiving a Conditional Disability Pension and are granted a Social SecurityDisability Award, Railroad Retirement Disability Award, or Canadian Pension Plan Disability

Award with a date of entitlement before the start of your Conditional Disability Pension fromthis Plan, or during the immediately following 12-month period, you can elect to receive aDisability Pension, if you satisfy the eligibility requirements of a Disability Pension.

Conditional Disability Pension Amount

Your Conditional Disability Pension amount will initially be calculated and paid as an EarlyRetirement Pension, including adjustments for form of payment. A pension calculated as anEarly Retirement Pension is generally lower than a pension calculated as a DisabilityPension.

After you are determined eligible for a Disability Pension, your benefit will be recalculatedas a Disability Pension. You will receive the amount of the Disability Pension and beconsidered a Disability Pensioner. Although the benefit amount is recalculated, your form ofpayment will remain the same.

If your Social Security Disability Award Entitlement Date, Railroad Retirement DisabilityAward Entitlement Date, or Canadian Pension Plan Retirement Disability AwardEntitlement Date is later than the effective date of the Conditional Disability Pension, thebenefit amount will be adjusted to the Disability Pension amount beginning with the SocialSecurity Disability Award Entitlement Date, Railroad Retirement Disability AwardEntitlement Date, or Canadian Pension Plan Disability Award Entitlement Date and the

payments before that date will remain the same.

If your Social Security Disability Award Entitlement Date, Railroad Retirement DisabilityAward Entitlement Date, or Canadian Pension Plan Disability Award Entitlement Date isearlier than the effective date of the Conditional Disability Pension, you will be entitled to an

Auxiliary Disability Benefit.

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If you elected to receive your Conditional Disability Pension with the Level Income Option,when it is converted to a Disability Pension, the Plan will recover, by offset, the amount ofLevel Income Option paid to you. See Section 9 for Level Income Option information.

When the change from a Conditional Disability Pension to a Disability Pension occurs, yourAnnuity Starting Date and the form of payment elected as a Conditional Disability Pensionwill not change.

Conversion of the Conditional Disability Pension to an Early Retirement Pension

Upon notification that you did not receive a Social Security Disability Award, RailroadRetirement Disability Award, or Canadian Pension Plan Disability Award, the ConditionalDisability Pension will be automatically converted, retroactively, to the Annuity Starting Dateof the Conditional Disability Pension, to an Early Retirement Pension. This conversion willonly impact how your benefits are titled and classified by the Plan and will cause no changein your monthly benefit.

If You Die before Receiving a Social Security Disability Award, Railroad RetirementDisability Award or Canadian Pension Plan Disability Award

If you die before the date a notice of award for a Social Security Disability Award, RailroadRetirement Disability Award, or Canadian Pension Plan Disability Award is received by thePlan, you will be treated as an Early Retirement Pensioner regardless if you received aSocial Security Disability Award, Railroad Retirement Disability Award, or CanadianPension Plan Disability Award.

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How to Apply for Benefits

To apply for Pension benefits you must fill out, sign in front of a notary public, and returnthe Pension Application provided by the Fund Office. If you are married and electing a formof payment other than a Husband and Wife Pension, your Spouse must also sign thePension Application in front of a notary public. A telephone call or other verbal request forpension benefits will not be considered a claim for Pension benefits under the Plan.

If you have questions about the Pension Application, contact the Fund Office as soon aspossible. Once the Fund Office receives your Pension Application, we will send you a letteracknowledging your application was received.

Time Line for Applying for Pension Benefits

Date Action

At least 180 days beforeyour Annuity Starting Date

Decide on your Annuity Starting Date (the first day ofthe month your pension benefits will be effective). Startgathering the following documents:

Proof of Age Birth certificate, baptismalcertificate, immigration papers, etc.

Proof of Marital StatusMarriage certificate,divorce decree, etc.

180 to 90 days before yourAnnuity Starting Date

Call or write the Fund Office and request a PensionApplication. Do not request an Application morethan 180 days before your Annuity Starting Date.Do not get a Pension Application from anywhereother than the Fund Office.

180 to 30 days before yourAnnuity Starting Date

Fill out the Pension Application and all other formsfrom the Fund Office. Get the documents needed toprocess your Pension Application.

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Date Action

No later than the monthbefore your Annuity StartingDate

Mail your Pension Application, and all requireddocumentation to the Fund Office no later than the14th day of the month before your Annuity StartingDate. Be sure to include all other forms sent to youby the Fund Office. If you do not have several of thedocuments the Fund Office requires, and expect to getthose documents in the next few days, you may wantto send in your application without the missingdocuments. Be sure to send the required documents tothe Fund Office as soon as possible.

As soon as possible afteryou receive a letter from theFund Office requestinginformation or documents

If you receive a letter from the Fund Office requestingadditional information or documents, mail therequested information or documents to the Fund Officeas soon as possible. If it is not possible to gather the

requested information or documents within 90 daysafter the legibly postmarked date or the date youdelivered your Pension Application to the Fund Office,contact the Fund Office and ask for additional time. Ifyou fail to respond to the Fund Office within the 90 dayperiod, your Pension Application will be denied.

Within 90 days from thelegibly postmarked date orthe day you delivered yourPension Application to theFund Office

The Fund Office will send you a letter granting ordenying your Pension Application orstating there willbe an extension of time of up to 90 additional days togrant or deny your Pension Application.

Within 150 days of thelegibly postmarked date orthe day you delivered yourPension Application to theFund Office

If you received a letter from the Fund Office:

Requesting additional information or documents and

Stating there will be an extension of up to 90additional days to grant or deny your Pension

Application

You must provide the Fund Office with all requestedinformation and documents within150 days after thelegibly postmarked date or the date you delivered your

Pension Application to the Fund Office.Within 180 days of thelegibly postmarked date orthe date you delivered yourPension Application to theFund Office

If the Fund Office did not previously grant or deny yourPension Application (within the first 90 days of thelegible postmarked date or the day you delivered theapplication to the Fund Office), the Fund Office willsend you a letter granting or denying your Pension

Application.

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Form of Benefit Payment Documents Needed

Disability Pension The documents listed above, plus

A Social Security Notice of Award ofDisability Benefits or

A Railroad Retirement Notice of Award ofDisability Benefits or

An Award of Disability Benefits from theCanadian Pension Plan offered by theDepartment of Human Resources and SkillsDevelopment

Level Income Option All documents listed in the first two boxes,plus

Current estimate of your Social Securityretirement benefit payable at Social SecurityNormal Retirement Age

* Proof of Marital Status is a marriage certificate, a divorce decree, or if widowed, your Spouses death certificate.

You Can have Someone Help you Apply for Benefits

You may designate a person as your authorized representative to help you file a claim forbenefits or appeal a denied claim. To designate an authorized representative, you mustprovide a written request to the Fund Office stating your name, Social Security number,current address, and telephone number. You must also provide the name, current address,and telephone number of your authorized representative.Your authorized representativewill then receive all communications and may take action regarding your benefitclaim. This means the Plan will send your authorized representative all documents andcommunications that would otherwise be sent to you. Your authorized representative willhave authority to make all decisions regarding your claim for benefits.

You may revoke your designation of an authorized representative at any time byproviding written notice to the Trustees. The notice must contain your name, SocialSecurity number, correct address, and telephone number. You should also include thename, correct address, and telephone number of the person who was serving as yourauthorized representative.

If You Submit Incorrect Information to the Fund Office

In making decisions to approve or deny your claim for benefits, the Fund Office is entitled torely on written statements, consents and revocations submitted by you, your Spouse, orother parties. This means the Fund Office will use all information you submit in processingyour application. Should you submit false statements or documents, the Pension Plan hasthe right to recover benefit payments made in reliance on those false statements,documents, or other false proof. Withholding important facts about your situation will be

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considered false proof. The Fund Office has the unlimited right to recover benefitpayments, interest, and costs from you.

Payment of Benefits Accrued after an Initial Annuity Starting Date

How additional accrued pension benefits are determined depends on whether your initialretirement effective date (Annuity Starting Date) occurred before or after you reach NormalRetirement Age.

If Your Initial Annuity Starting Date Occurred before Reaching Normal Retirement Age

If your Annuity Starting Date occurred before you reach Normal Retirement Age, youradditional benefits are determined after you re-retire andsubmit a newPension Application.You will have a new Annuity Starting Date that applies only to the additional Pensionbenefits you accrued. If you are married, any additional pension benefits you accrue will bepaid as a 50% Husband and Wife Pension unless you and your Spouse properly elect

another form of payment and reject the Husband and Wife Pension. You are limited to onenew Annuity Starting Date in any Plan Credit Year. The monthly pension payable upon thenew Annuity Starting Date will be reduced by the product of one percent and the total of theEarly Retirement Pension payments you received during your previous period(s) ofretirement and prior to Normal Retirement Age.

Remember, if you initially retired before reaching Normal Retirement Age, you mustsubmit a new Pension Applicationto apply for these additional pension benefits.

Example: Joe Boilermaker retired at age 60 and began receiving pension benefitseffective January 1, 2005, his initial Annuity Starting Date. On April 25, 2006, hereturned to full-time Covered Employment and began to accrue additional pensionbenefits. Because the job he returned to was Disqualifying Employment, (see Section 16for Disqualifying Employment information) his retirement benefits were suspendedstarting May 1, 2006. Joe continued working in Covered Employment until November 30,2007, when he let the Fund Office know he re-retired.

The monthly pension benefits Joe received after his firstretirement were re-instated,effective December 1, 2007. He must submit a newPension Application for the FundOffice to determine if he is entitled to additional benefits for the period from April 25,2006, through November 30, 2007.

Your Initial Annuity Starting Date Occurred on or after Reaching Normal Retirement Age

If your initial Annuity Starting Date occurred on or after the date you reached NormalRetirement Age, the benefit form you elected when you initially retired will apply to pensionbenefits you accrued after you returned to Covered Employment. If, for example, when youinitially retired, you elected to receive your pension benefits in the 75% Husband and WifePension form, the additional pension benefits you accrued during your return to Covered

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Employment will also be paid out as a 75% Husband and Wife Pension. The additionalbenefits you accrued during your return to Covered Employment will be calculated at theend of each Plan Credit Year (September 30) and become payable effective October 1following the end of the Plan Credit Year in which the benefits were accrued if you are nolonger working in Disqualifying Employment. If you continue to work in Disqualifying

Employment, your additional benefits will be paid after your retirement benefits arereinstated.

Example: Jane Boilermaker retired at Normal Retirement Age and began receivingpension benefits effective January 1, 2005, her initial Annuity Starting Date. On April 25,2007, she returned to full-time Covered Employment and began to accrue additionalpension benefits. Because the job she returned to was Disqualifying Employment inexcess of 40 hours per month, her retirement benefits were suspended effective May 1,2007, the month immediately after her return to Disqualifying Employment. Janecontinued working in Covered Employment until November 30, 2007, when she let the

Fund Office know she re-retired.

The monthly pension benefit Jane received from her first retirement was reinstatedeffective December 1, 2007. The additional benefits she accrued from April 25, 2007,through September 30, 2007, were also payable as of December 1, 2007. The additionalbenefits Jane accrued in October and November 2007 are notpayable until October 1,2008, because they were accrued in the Plan Credit Year that started on October 1,2007, and ended on September 30, 2008.

If You Never Apply for Benefits

If the Plan can locate you and you fail to file a timely application for benefits, your benefitpayments will begin on your Required Beginning Date. Your Required Beginning Date isthe date Federal law requires the Plan to begin paying out your pension benefit. YourRequired Beginning Date occurs on April 1 of the year following the calendar year in whichyou reach 70 years of age.

If You Receive Benefits to which You Were Not Entitled

If you work in Disqualifying Employment and receive a pension payment to which you werenot entitled, the Trustees may recover such payment amounts by deducting theoverpayment amount from your future monthly payments until the overpayment is fully

recovered. If you have reached Normal Retirement Age, the offset amount will be limited to100% of the amount due to you for the first payment and 25% of the later monthly pensionpayments, until all overpayments are fully recovered.

If for any reason other than work in Disqualifying Employment, you, your surviving Spouse,or your Beneficiary receive a pension payment to which you, your surviving Spouse, orBeneficiary were not entitled, the Trustees can deduct the entire overpayment amount fromany benefits due to you, your surviving Spouse, or your Beneficiary, until the overpaymentis fully recovered.

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The Trustees have the right to recover an overpayment by means other than a deductionfrom pension benefits. In other words, the Trustees can pursue other remedies, includingfiling a lawsuit against you.

If You Become Unable to Handle Your Own Affairs

If you are unable to handle your own affairs due to mental or physical incapacity, paymentsdue will be paid to your legally-appointed guardian, the person to whom you granted apower of attorney over your financial affairs, or other legal representative.

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The forms of payment/benefit discussed below apply only to pensions which becameeffective on or after January 1, 1976. To receive any benefit from the Plan, you must file a

written application for benefits with the Fund Office.

How Your Pension will be Paid

If you are married, the automatic form of payment is the 50% Husband and Wife Pension. Ifyou are unmarried, the automatic form of payment is the Single Life Annuity 60-MonthsCertain. There are also optional benefit forms available as detailed below.

Married Participants

50% Husband and Wife Pension Automatic Form

The automatic benefit form is the 50% Husband and Wife Pension. Under this benefit form,you will receive a lifetime monthly pension and, upon your death, your surviving Spouse willalso receive a lifetime monthly pension. Your surviving Spouses benefit following yourdeath will be equal to 50% of the monthly benefit you received during your lifetime. Yourbenefit will automatically be paid in this form unless you choose a different benefit form.

75% Husband and Wife Pension Optional Form

Under the 75% Husband and Wife Pension, your surviving Spouses benefit following yourdeath will be equal to 75% of the monthly benefit you received during your lifetime.

100% Husband and Wife Pension Optional Form

Under the 100% Husband and Wife Pension, your surviving Spouses benefit following yourdeath will be equal to 100% of the monthly benefit you received during your lifetime.

Difference Between the Husband and Wife Pension Options

The total amount paid under each pension form is essentially the same value. However, themonthly payments under each option will be different. When you receive your pension in aHusband and Wife form, your lifetime monthly benefit is reduced to provide a lifetimesurvivor pension for your surviving Spouse. If you choose to leave your surviving Spouse alarger lifetime survivor pension such as the 75% or the 100% Husband and Wife form, itreduces your lifetime monthly benefit amount.

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How Your Benefits are Reduced for a 50% Husband and Wife Pension

For the 50% Husband and Wife Pension, the pension amount is adjusted by multiplying itby 95% minus 0.4% for each year your Spouses age is less than your age or plus 0.4% foreach year your Spouses age is more than your age. Even if your Spouse is significantlyolder, the resulting percentage is not allowed to be more than 100%.

Your pension will not be reduced for the 50% Husband and Wife Pension if you meet all thefollowing:

Your pension is effective on or after October 1, 2001

You have at least 30 years Pension Credit

You are at least age 58 when you retire





Please refer to Section 7 for disability factors.

How Your Benefits are Reduced for the 75% and 100% Husband and Wife Pensions

For the 75% Husband and Wife Pension, your pension amount is adjusted by multiplying itby 93% minus 0.6% for each year your Spouses age is less than your age or plus 0.6% foreach year your Spouses age is greater than your age.





Please refer to Section 7 for disability factors.

For the 100% Husband and Wife Pension, your pension amount is adjusted by multiplying itby 90%, minus 0.7% for each year your Spouses age is less than your age or plus 0.7%each year Spouses age is greater than your age.



Per each