Section 2 – Technical Details
(As required by the Employee Retirement Income Security Act of 1974)
Plan Name: I.B.E.W. Local 25 Pension Plan.
Edition Date: 2014
Plan Sponsor: Board of Trustees of I.B.E.W. Local 25 Pension Fund.
Plan Sponsor’s Employer Identification Number: 11-6038558
Plan Number: 001.
Type Of Plan: A Defined Benefit Pension Plan, the contributions to which are negotiated and the benefits of which are determined by the Trustees.
Plan Year Ends: December 31st.
Plan Administrator: Board of Trustees of I.B.E.W. Local 25 Pension Fund, 372 Vanderbilt Motor Parkway, Hauppauge, NY 11788. Telephone #: (631) 434-3344
Agent For The Service Of Legal Process: Owen M. Rumelt, I.B.E.W. Local 25 Pension Fund, 372 Vanderbilt Motor Parkway, Hauppauge, NY 11788. Telephone #: (631) 434-3344
In addition to the person designated as agent for service of legal process, service of legal process may also be made upon any of the Trustees.
Sources Of Contributions To Plan: Employers required to contribute to the I.B.E.W. Local 25 Pension Fund, and certain pension funds with whom this Fund has reciprocal agreements from time to time.
Collective Bargaining Agreement: This Plan is maintained in accordance with a Collective Bargaining Agreement. A copy of this agreement may be obtained by you upon written request to the Fund Manager and is available for examination by you at the Fund Office.
Participating Employers: You may receive from the Fund Manager, upon written request, information as to whether a particular employer participates in the sponsorship of the Plan. If so, you may also request the employer’s address.
Plan Benefits Provided By: I.B.E.W. Local 25 Pension Fund.
Eligibility Requirements, Benefits & Termination Provisions Of The Plan: See Section 1 of this booklet.
How To File A Claim: Application for all benefits must be made in writing on forms that should be obtained from the Fund Manager at the Fund Office. You may secure such forms by writing, telephoning, or visiting (during the hours of 8:30 A.M. to 4:30 P.M. on regular business days) at the Fund Office. The address is:
372 Vanderbilt Motor Parkway
Hauppauge, New York 11788
Telephone #: (631) 434-3344
No benefit payments will be due prior to the first day of the month following the date a signed application is received at the Fund Office.
Review Of Claim Denial: If you submit a benefit application to the Fund Office and it is denied, in whole or part, you will be so notified.
If a denial takes place, you are entitled to appeal the decision by writing to the Trustees, within 60 days of the denial, at the Fund Office, asking that a review of the denial be made. You or your representative may review the pertinent records and documents. You may attend the review hearing.
After the review, you will be notified of the results of the review. More specific information regarding this procedure may be obtained from the Fund Manager.
Rights And Protections: As a Participant in this 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 Manager’s office, all Plan documents, including insurance contracts, collective bargaining agreements and copies of all documents filed by the Plan with the U.S. Department of Labor, such as detailed annual reports and Plan descriptions.
- Obtain copies of all Plan documents and other Plan information upon written request to the Fund Manager. The Fund Manager may make a reasonable charge for the copies.
- Receive a summary of the Plan’s annual financial report. The Fund Manager is required by law to furnish each Participant with a copy of this summary annual report.
- Obtain a statement free of charge telling you whether you have a right to receive a pension at age 65 and, if so, what your benefits would be at your normal retirement date if you stopped 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 earn a right to a pension. This statement must be requested by you in writing and it is not required to be given more than once a year.
In addition to creating rights for Plan Participants, ERISA imposes duties upon the people who are responsible for the operation of the Plan. The people who operate your Plan, called “fiduciaries” of the Plan, have a duty to do so prudently and in the interest of you and the other Plan Participants and beneficiaries.
No one, including your Employer, your Union, or any other person, may terminate your employment (or otherwise discriminate against you in any way) to prevent you from obtaining a benefit or exercising your rights under ERISA.
If your claim for a benefit is denied, in whole or in part, you must receive a written explanation of the reason for the denial. You have the right to have the Plan review and reconsider your claim.
Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from the Plan and do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the Fund Manager to provide the materials, unless the materials were not sent because of reasons beyond the control of the Fund Manager. If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit in a state or federal court. If it should happen that Plan fiduciaries misuse the Plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in federal court. The court will decide who should pay court costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. If you have any questions about this statement or about your rights under ERISA, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Department of Labor, at:
33 Whitehall Street
New York, NY 10004
Pension Benefit Guaranty Corporation (PBGC) Insurance: Benefits under this Plan are insured by the Pension Benefit Guaranty Corporation (PBGC) if the plan is insolvent and unable to pay guaranteed benefits when due. Generally, the PBGC guarantees most vested normal age retirement benefits, early retirement benefits, and certain disability and survivor’s pensions. However, PBGC does not guarantee all types of benefit protection under covered plans, and the amount of benefit protection is subject to certain limitations.
If a plan has been in effect less than five years, or if the benefits have been increased within the five years before plan insolvency, the plan’s vested benefits or the benefit increases are not guaranteed. In addition, there is a ceiling on the amount of monthly benefit that PBGC guarantees.
For more information on the PBGC insurance protection and its limitations, ask your Fund Manager or the PBGC. Inquiries to the PBGC should be addressed to the Pension Benefit Guaranty Corporation, 1200 K Street, NW, Washington, DC 20005. The PBGC may also be reached by calling (202) 326-4000.
In the event that there appears to be a conflict between the description of any plan provision in this booklet and its statement in the Pension Plan itself, the language contained in the Pension Plan (available at the Fund Office) is the official and governing language.
Nothing in this booklet is meant to interpret, extend, or change, in any way, the provisions expressed in the Plan. The Trustees reserve the right to amend, modify or discontinue all or part of this Plan whenever in their judgment, conditions so warrant. The Trustees also reserve the right to modify, reduce and increase the benefits provided by this Plan. This includes, but is not limited to, accrual rate increases and additional benefits, providing such modification, reduction or increase is permissible under applicable Federal law and regulations.
This booklet and the personnel at the Fund Office are authorized sources of Plan information for you. The Trustees of the Plan have not empowered anyone else to speak for them regarding the Pension Plan. No employer, union representative, supervisor or shop steward is in a position to discuss your rights under this Plan with authority.
If you have a question about any aspect of your participation in the Plan, you should, for your own permanent record, write to the Fund Manager or Trustees. You will then receive a written reply, which will provide you with a permanent reference.
The Plan Sponsor and Plan Administrator is the Board of Trustees of the I.B.E.W. Local 25 Pension Plan: The following are the individual Trustees that make up the Board:
Eldor Contracting Corp.
30 Corporate Drive
Holtsville, NY 11742
James T. Giorgio
I.B.E.W. Local 25
370 Vanderbilt Motor Parkway
Hauppauge, NY 11788
James P. Malley