To All Participants and Beneficiaries:
of your Pension Plan are pleased to present you with this Summary Plan
Description, which explains the Plan in non-technical language. The
complete provisions of the Plan are contained in the Plan Document, a copy of
which may be obtained from the Plan Office upon request. In the event of
any conflict between this summary and the Plan Document, the provisions of the
Plan Document will prevail. If you were covered by a former local plan
which merged into the CWA/ITU Negotiated Pension
Plan, benefits from the merged plan may have different provisions. If you
have any questions, please phone or write the Plan Office at the address shown
in this booklet. The Plan Office is always glad to be of assistance.
The Board of Trustees
The CWA/ITU Negotiated Pension Plan (the Plan) was started in 1967 by the International Typographical Union (since 1987, the Printing, Publishing and Media Workers Sector of the Communications Workers of America). It was established to provide a national plan with full portability as an aid to financial retirement planning and security for members. The Plan is funded by employer contributions in accordance with collective bargaining agreements; employee contributions are not accepted.
The Internal Revenue Service has determined that the Plan is a qualified plan for purposes of the Internal Revenue Code. The latest such favorable ruling by the IRS was issued on October 24, 2011.
The purpose of this Summary Plan Description is to furnish information about the Plan, as well as to satisfy the disclosure requirements of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan is described as amended effective September 2015. The Trustees may from time to time amend the Plan; participants will be notified of any material modifications.