RE-RETIREMENT AND RE-CALCULATION OF PENSION

If a Retiree returns to Covered Employment, he can re-retire and receive an additional pension benefit if he either:

1. Has worked at least 750 hours in one Plan Year since date of retirement, or
2. Has worked at least 1,500 hours since date of retirement.

If a retired participant does not have sufficient hours in one Plan Year to meet the 750 hours requirement, hours will be carried over one Plan Year and added to the hours of the next Plan year.

The earliest effective date for resumption of your pension benefit will be the later of i) the first day of the month following the last month for which benefits are suspended or ii) the day that is 12 months prior to the date that you notify the Administrator of the cessation of suspendible employment. When your re-employment has ended you will need to contact the Fund in order to re-instate your suspended benefit. Retroactive payments will only be made for 12 months so it is important for you to notify the Trust Fund as soon as possible after you have ended your suspendible employment. Retroactive payments are made in the same form as previously elected.

Your benefit will be recalculated to include any additional pension accruals that you became entitled to during your period of suspension.

If your period of suspension commences prior to your Normal Retirement Age, any additional benefit will be payable as a separate annuity. You will need to file a new application and select an optional form for this additional benefit. The Social Security Adjustment Options will not be available on your additional pension.

If your period of suspension commences after your Normal Retirement Age, any additional accruals will be paid in the form originally elected. If a Joint and Survivor form had been elected but the spouse is no longer living, then benefits will be paid for life only. If you have remarried, you will need to select an optional form for your additional benefit.

If your early retirement pension had been reduced prior to suspension, your benefit upon resumption will be actuarially adjusted to assure that your recalculated benefit is at least the actuarial equivalent of your Normal Retirement Pension.

If you had elected one of the Social Security Adjustment Options and your benefit was suspended, your benefit will be actuarially adjusted.

In no event will your benefit be suspended beyond your Mandatory Commencement Date.