employer reports. It also shows your total credited service and vest- You Have Questions, We Have Answers ing service. In addition, if you were covered by a plan that merged As you get closer to retirement, you may want more specific informa- with the National Pension Fund, your pre-merger service will gen- tion about the amount of your benefit and the options available to you. erally appear on the statement. If you have specific questions regarding your benefit, please write to If you meet the Fund’s vesting requirements (see page 8), the an- the Fund Office at the address shown on the back cover. For general nual statement will also show an estimate of the normal pension questions regarding the National Pension Fund, you may write to the payable to you at age 65. Please compare the information on the Fund Office or call the Fund at 1-800-424-9608 between the hours of annual statement with your own records. 9:00 a.m. and 7:00 p.m. eastern time. You may also e-mail questions to us at [email protected]. The annual statement’s information about your credited service WHO CAN PARTICIPATE IN and your benefit is based on unverified records and should be treated as an estimate. All information is subject to verification THE NATIONAL PENSION FUND? when you apply for your pension benefit. The National Pension Fund Website You can participate in the National Pension Fund if you meet all To learn more about the National Pension Fund, vis- three of the following conditions: it our website at www.iamnpf.org. The Fund’s web- › You are represented for the purpose of collective bargain- site is a valuable resource to aid you in obtaining ing by a lodge chartered by the IAM. The collective bar- information about your benefits and is designed to gaining agreement may be with another union if accepted maintain the security of your personal information. by the Trustees. If you have any questions about using the website, call the Fund Office › Your employer has agreed in writing to make contributions at 1-800-424-9608 or e-mail us at [email protected]. to the Fund on your behalf. One very valuable tool you will find on the Fund’s website is a pen- › Your employer is accepted, in writing, as a contribut- sion calculator, which permits active participants to project their ing employer by the Board of Trustees, and makes the benefits according to varying contribution rates and retirement-age required contributions. scenarios. On the website participants can also: You cannot participate in the National Pension Fund while: › Complete your pension application online, including › You are self-employed uploading pertinent supporting documents* › You are a partner of a contributing employer › Change your address* › You are a leased employee › View or change your beneficiary designations* PARTICIPATION FOR EMPLOYEES NOT SUBJECT TO AN › View the hours reported by your employer on your behalf* IAM COLLECTIVE BARGAINING AGREEMENT › Request a pension application* › Print various forms In general, the Fund covers employees who are working under a * Once you start receiving your pension benefit, these features will collective bargaining agreement. Some exceptions do apply. If the not be available to you online, but you may use the following Trustees agree to their participation, employees of certain entities features when accessing the website: may be covered. Such entities include: › Sign-up for Direct Deposit › A local or district lodge › Download a Form 1099R › A related welfare fund › Print a Verification of Income statement › Another union-affiliated organization › Update tax withholding information › A conjoint union › View monthly benefit payments › Non-union and management employees of a regular con- You are solely responsible for maintaining the security of any of tributing employer (subject to certain conditions) your passwords associated with the Plan. You can help protect In each such case, the Trustees require a signed special participa- your personal information following the online security tips rec- tion agreement from the employer. In addition, the employees of ommended by the Department of Labor and found here: https:// the Fund Office are covered by the Fund. www.dol.gov/sites/dolgov/files/ebsa/key-topics/retirement-bene- fits/cybersecurity/online-security-tips.pdf SUMMARY PLAN DESCRIPTION 2023 // 5