As a participant in the Electrical Workers Local No. 26 Pension Plan, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Plan participants shall be entitled to:
- Examine, without charge, at the Fund Office and at other specified locations, such as worksites and union hall, all documents governing the Plan, including insurance contracts and collective bargaining agreements, and a copy of the latest annual report (Form 5500 Series) filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee Benefit Security Administration.
- Obtain, upon written request to the Fund Office, copies of documents governing the operation of the Plan, including insurance contracts and collective bargaining agreements, copies of the latest annual report (Form 5500 Series) and updated summary plan description. The Fund Office may make a reasonable charge for the copies.
- Receive a summary of the Plan’s annual financial report. The Fund Office is required by law to furnish each participant with a copy of this summary annual report.
- Obtain a statement telling you whether you have a right to receive a pension benefit at normal retirement (age 62, or if later, the fifth anniversary of your participation in the Plan) and if so, what your benefits would be at Normal Retirement Age if you stop working under the Plan now. If you do not have a right to a pension, the statement will tell you how many more years you have to work to get a right to a pension. This statement must be requested in writing and is not required to be given more than once every twelve (12) months. The Fund Office routinely prepares and distributes annual statements to all participants. The Plan must provide the statement free of charge.
- Obtain, upon written request, a complete list of the employers and employee organizations sponsoring the Plan.
- Obtain, upon written request, information as to whether a particular employer or employee organization is a sponsor of the Plan and the sponsor’s address.
Obtain, within 30 days upon written request, the following documents:
- Any periodic actuarial reports for any Plan Year that has been in the Plan’s possession for at least 30 days.
- Any quarterly, semi-annual, or annual financial report prepared for the Plan by any Plan investment manager, advisor or other fiduciary which has been in the Plan’s possession for at least 30 days.
- Any application filed with the IRS requesting amortization extension and the result of such application.