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OPERATING ENGINEERS
TRUST FUNDS

Eligibility for Benefits

The Plan’s requirements with respect to eligibility for benefits are described in Articles V, VI, VII, and VIII of the Defined Contribution Plan. The Normal Retirement Age under the Defined Contribution Plan is the first day of the month coinciding with or next following your 65th birthday.

Early Retirement Benefits are available the first day of the month coinciding with or next following your 55th birthday. Article VI sets forth the eligibility requirements for distribution of benefits upon a Participant’s separation from service prior to eligibility for Early or Normal Retirement Benefits. Article VII sets forth the eligibility criteria for distribution following a termination of employment due to disability.

Joint and Survivor Benefits

This Plan requires that a 50% Joint and Survivor benefit be paid to a Participant who is married at the time he or she retires, unless the employee and his or her spouse elect to reject such benefit. The details concerning the form of benefits are set forth in Article V, Section 4 of the Defined Contribution Plan.

Circumstances Which May Result in Disqualification, Ineligibility, Denial, Suspension, or Loss of Benefits

You cannot receive a distribution of your Early Retirement benefit unless you have severed all employment with all contributing employers.

You cannot receive a distribution of your benefits prior to satisfying the criteria for a Normal Retirement benefit or Early Retirement benefit until at least 12 months after your last employment in Covered Employment or employment which would give rise to a suspension of pension benefits under the Defined Benefit Pension Plan.

If your Individual Account Balance is $7,500 or less and you have severed all employment with all contributing employers, you will be entitled to receive a distribution of your Individual Account Balance.

No distributions of any benefits will occur without receipt of an appropriate application and all required materials, except in terms of mandatory required minimum distribution under the Internal Revenue Code.

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