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Register for New Participant PortalDefined Benefit Pension Plan Document
Important Note:
Notwithstanding any information in these Plan Document pages or embedded links, for retirements that are first in pay status on or after April 1, 2017, certain Defined Benefit Plan provisions are scheduled to change in accordance with the adoption of Alternative Schedules 1 or 2 under the Second Critical Status Rehabilitation Plan.
Notwithstanding any information in these Plan Document pages or embedded links, for retirements that are first in pay status on or after April 1, 2017, certain Defined Benefit Plan provisions are scheduled to change in accordance with the adoption of Alternative Schedules 1 or 2 under the Second Critical Status Rehabilitation Plan.
AMENDMENT NO. 7
TO THE
SOUTHERN CALIFORNIA IBEW-NECA PENSION PLAN
This Amendment to the Southern California IBEW-NECA Pension Plan ("Plan") is made by the Board of Trustees of the Southern California IBEW-NECA Pension Trust Fund ("Board of Trustees") with reference to the following facts and circumstances.
The Board of Trustees has reserved to themselves the ability to amend the Plan from time to time.
Article 14 of the Plan provides for Pro Rata Pensions. Pursuant to Section 14.2 of the Plan, Related Plans are recognized by resolutions adopted by the Board of Trustees or through reciprocity agreements between this Plan and a Related Plan.
As this Plan has been administered since establishment of the Pro Rata Pension provisions, no Pro Rata Pension is payable unless an Employee has a minimum of 1,500 total hours of Covered Employment under this Plan. This Plan Amendment is adopted solely in order to remove any alleged ambiguity of the Plan Document as written. This Plan Amendment neither increases nor decreases benefits payable under the Plan as administered.
NOW THEREFORE, Section 14.7 of the Plan is amended to read as follows:
"14.7 Eligibility for a Pro Rata Pension: The Employee must have 1,500 hours of Southern California Credit. Such an Employee who is retired shall be eligible for a Pro Rata Pension if he would be eligible for a Pension under this Plan if his Combined Pension Credit were treated as Southern California Credit."
All other terms and conditions of the Plan shall remain in full force and effect.
Executed this 31st day of October, 2018 in Commerce, California.
Board of Trustees
Southern California IBEW-NECA Pension Trust Fund
By: Signature on File
Chairman
By: Signature on File
Secretary