SUMMARY OF PLAN BENEFITS

In general, the benefits provided by the Plan are:

1. A Normal Retirement Benefit is payable to a retired Active, Inactive or Inactive Vested Participant at the later of age 65 or the 5th anniversary of the date he began covered employment.


2. An Early Retirement Benefit is payable prior to age 65 to a participant who has retired by severing any and all employment with contributing employers (including those employers who are not making contributions on the participant’s behalf*) after meeting the following age and service requirements.
   
   1. At the later of age 55 and the completion of 10 or more years of Credited Service (15,000 Covered Hours), including at least 2 Future Service years (3,000 Covered Hours); or
   2. At any age with at least 42,500 Covered Hours and at least 23 combined years of credit, based on the number of years of Credited Service through June 30, 1996 plus the number of years of at least 300 hours for plan years on and after July 1, 1996, or
   3. At any age with at least 37,500 Covered Hours at retirement. The portion of the benefit accrued in the plan on or before June 30, 1996 is payable immediately. If a participant is under age 55 and does not meet the requirements of B. above, the portion of the benefit accrued after June 30, 1996 would be deferred until age 55.

   Work in Non-Covered Electrical Employment after working in covered employment will cause a suspension of Early Retirement benefits prior to age 65. Please refer to Question 12 for a description of Non-Covered Electrical Employment and how it impacts your right to an Early Retirement Benefit.

* For example, a participant who was last in covered employment in 2004 and who wishes to begin receiving benefits in 2008, if eligible, would not be entitled to benefits if currently working as a project manager for a different signatory contractor.

3. A Disability Benefit is payable to a disabled active participant who has at least 10 years of Credited Service, including at least 2 years of Future Service, or 10 years of Vesting Service as follows:
   
   1. A participant who is determined to be entitled to Disability Insurance benefits by the Social Security Administration shall be entitled to receive a Total and Permanent Disability Benefit.
   2. A participant who is determined by the Trustees, based on competent medical evidence, to be unable to perform the duties of a journeyman electrician during the remainder of his life shall be entitled to a Partial Disability Benefit.
      


4. A Pre-retirement Death Benefit for i) an Active Participant with 5 years of Credited Vesting Service or ii) an Inactive Vested Participant with at least one Covered Hour since June 30, 1976. The benefit is payable to the surviving spouse, if married, otherwise to children under age 21 or a designated beneficiary.

Please refer to the following Questions & Answers and to the Plan Document for further information on these benefits.