Welcome to the Puget Sound Electrical Pension Plan!

This Pension Plan began on June 1, 1973 in accordance with Section 25 of the Bargaining Agreement between Local 46, IBEW and the Puget Sound Chapter of the NECA.

The principal purpose of the Puget Sound Electrical Workers Pension Plan is to provide retirement benefits to eligible Participants. In certain circumstances, the Pension Plan also provides disability benefits and death benefits.

A Pension Plan booklet is available through the Trust Administration Office. This booklet is divided into two parts. The first part is the Summary Plan Description (SPD); the second part is the official Plan Document and contains the legal provisions governing the plan. The SPD explains: How your benefit is calculated; When you may retire; The forms of payment the Plan provides; How to apply for benefits; The restrictions and administrative procedures that apply; and Detailed examples of benefit calculations.

It also explains the conditions that may result in a loss of participation and benefits, and the conditions that must be met for reinstatement of participation and benefits. The SPD summarizes and simplifies the Plan Document provisions, therefore it cannot describe all the restrictions on benefits or exceptions that may be contained in the Plan Document. In the event the provisions of the SPD do not cover your situation, or if any term or provision in the SPD is unclear or ambiguous, the provision of the Plan Document will govern.

The plan described in this booklet applies to Participant's retiring on or after June 1, 1998 who completed at least one Hour of Credited Future Service on or after June 1, 1998. Benefits for Participants retiring prior to June 1, 1998 and for those individuals retiring after May 31, 1998 who did not complete at least one Hour of Credited Future Service on or after June 1, 1998 are computed under the applicable provisions of the plan previously in effect. You should consult prior booklets and the Trust Administration Office if you have questions about the previous versions of the plan.

If you have any questions about the information in this booklet, or if you want to know how a specific Plan provision applies to you, write or call the Trust Administration Office. A Plan representative will be happy to answer your questions.

Trust Administration Office 2815 Second Ave., Suite 300 P O Box 34203 Seattle, WA 98124-1203 206.441.7574 or 800.331.6158 WPAS Contact Information Page