Summary Plan Description

Hourly Contributions and Subaccounts

Employer Contribution Subaccount

Effective January 1, 2014, signatory employers are required to make an hourly contribution to this plan for each covered hour you work. The hourly contribution rate is currently $.60. These hourly contributions are deposited in your employer contribution subaccount (please see "Benefit Statements" on pages 22-23). The money in this subaccount is subject to three-year vesting. Three-year vesting includes credit earned before and after January 1, 2014. Table 1 below lists the hourly contribution rate effective January 1, 2015.

  • For additional information about employer contributions and your employer contribution subaccount, please see Article 1.13 on page 59 and Article 1.14 on page 59.
Regular Subaccount

Effective July 1, 1981 through December 31, 2013, signatory employers were required to make an hourly contribution to this plan for each covered hour you worked. The hourly contribution rate was, most recently, $.60. These hourly contributions were deposited in your regular subaccount (please see "Benefit Statements" on pages 22-23). The money in this subaccount is subject to three-year vesting. Three-year vesting includes credit earned before and after January 1, 2014. Table 1 below lists the hourly contribution rate from July 1, 1981 through December 31, 2013.

  • For additional information about employer contributions and your regular subaccount, please see Article 1.13 on page 59 and Article 1.23 on page 61.
Elective Contribution Subaccount
Section modified by Amendment 1 View previous policy.
Effective January 1, 2014, you may elect to make 401(k) contributions to the plan for each covered hour you work. The hourly contribution rates are determined by collective bargaining and are currently made in increments of $1.00 up to a maximum of $8.00 per hour. These hourly 401(k) contributions are deposited in your elective contribution subaccount (please see "Benefit Statements" on pages 22-23). The money in this subaccount is vested beginning with the initial contribution and cannot be forfeited. Table 1 below lists the hourly contribution rate effective January 1, 2014.


To elect 401(k) contributions, please see "401(k) Annual Election" on page 21. You may elect any of the four contribution amounts regardless of industry seniority.

  • For additional information about elective contributions and your elective contribution subaccount, please see Article 1.11 on page 58, Article 1.12 on pages 58-59 and Article 2.7 on pages 64-65.
Supplemental Subaccount

Effective July 1, 2000 through December 31, 2013, employers could make 401(a) supplemental contributions to the plan on your behalf. The amount of the 401(a) supplemental contribution was $1.00, $2.00, $3.00, or $4.00 depending on your employment classification level under the collective bargaining agreement. These hourly 401(a) contributions were deposited in your supplemental subaccount (please see "Benefit Statements" on pages 22-23). The money in this subaccount was vested beginning with the initial contribution and cannot be forfeited. Table 1 below lists the hourly contribution rates through December 31, 2013.

  • For additional information about your supplemental subaccount, please see Article 1.27 on page 61.
Rollover Subaccount

You may transfer funds from another qualified plan to this plan. Rollover funds are deposited in your rollover subaccount (please see "Benefit Statements" on pages 22-23). The money in this subaccount is vested beginning with the initial contribution and cannot be forfeited. Please contact Retirement Services at the Trust Office for assistance with the rollover process.

  • For additional information about your rollover subaccount, please see Article 1.26 on page 61.
Table 1
Hourly Contribution Rates
From To Regular Contribution Employer Contribution 401(a) Supplemental Contribution 401(k)Elective Contributions
6-1-1981 12-31-1981 $.33
1-1-1982 12-31-1982 $.38
1-1-1983 12-31-1983 $.45
1-1-1984 12-31-1984 $.55
1-1-1985 5-31-1973 $.50
6-1-1973 6-30-2000 $.60
7-1-2000 12-31-2013 $.60 $1, $2, $3, $4
1-1-2014 12-31-2014 $.60 $1, $2, $3, $4
1-1-2015 Current $.60 $1, $2, $3, $4, $5, $6, $7, $8