AMENDMENT NO. 12
TO THE
SOUTHERN CALIFORNIA IBEW-NECA PENSION PLAN

Pursuant to Section 10.1 of the Plan, the Board of Trustees may amend the Plan. Upon adoption copies of this Plan Amendment shall be distributed as provided in Section 10.3 of the Plan.

This Plan Amendment neither increases nor decreases any benefit available under the Plan nor does it add to or delete any benefit option available under the Plan.

The Board of Trustees have been advised and agree that this Plan Amendment would assist in a more efficient day to day administration of the Plan. Nothing in this Plan Amendment shall be construed as increasing or decreasing benefits available under the Plan or the benefit options available under the Plan.

NOW THEREFORE, sections 8.3(b)-(c) of the Plan are amended as follows:

2. Inactive Vested Married Participants: Subject to the eligibility provisions of Section 8.1, should a married Inactive Vested Participant with Alternative Schedule Accruals not already awarded die, the surviving spouse shall be entitled to, for such accruals, a Qualified Pre-Retirement Survivor Annuity (QPSA) under this Sub-Section. Commencement of payments is subject to the written application provisions of the Plan.
   1. The Annuity Starting Date of the QPSA, at the election of the surviving spouse and subject to the timely written application provisions of the Plan shall be the earlier of the date the Participant, had the Participant lived, could have commenced actuarially reduced early retirement benefits under the Plan or attained age 55 but always subsequent to the date of the Participant's death.
      
      The monthly amount of a QPSA shall be calculated as follows. First, based upon the accruals, calculate the Inactive Participant's Normal Retirement single life annuity as of the Inactive Participant's Normal Retirement Date. Second, divide the foregoing amount by 2. The result shall be the amount awarded.
      
      
   2. Upon the death of an Inactive Vested Participant who would not have been eligible to retire and who has not attained age 55, the surviving spouse may elect a QPSA with an annuity starting date no earlier than the month following the Inactive Vested Participant's death but such a monthly benefit shall be actuarially reduced to the Actuarial Equivalent of a QPSA benefit payable upon the date, had the Participant lived, the Participant would have attained age 55 and paid pursuant to part (1) of this Sub-Section.
      
      
   3. Payments under this section 8.3(b) to the surviving spouse shall terminate on the month following the death of the surviving spouse.
      
      If upon the death of a surviving spouse, Participant is survived by one or more child under the age of 21, then the monthly annuity payment shall continue to such children as follows. Each surviving child under the age of 21 as of the first day of the month of payment shall receive an equal share of the monthly payment. These payments cease when there is no surviving child of the Participant under age 21. Child means a natural or adopted child of the Participant.
      
      A minimum of 60 times the monthly benefit amount of the QPSA benefit shall be paid. If upon termination of all of the foregoing payments, less than 60 monthly payments have been issued, the balance of payments shall be paid monthly to the designated or preference beneficiaries of the surviving spouse in equal shares until the 60th guaranteed payment has been paid and all guaranteed payments will then terminate.
      
      
3. Unmarried Active Participants and Unmarried Inactive Vested Participants: Subject to the eligibility provisions of Section 8.1, should an unmarried Active Participant or unmarried Inactive Vested Participant with Alternative Schedule Accruals not already awarded die, benefits shall be payable for such accruals as follows under this Sub-Section.
   
   
   1. These death benefits or annuity payments shall commence on the first of the month following the month of the Participant's death.
      
      
   2. The monthly amount of the death benefit or annuity shall be calculated as follows. First, based upon the accruals calculate the Participant's Normal Retirement single life annuity as of the Participant's Normal Retirement Date. Second, divide the foregoing amount by 2. Third, if the unmarried Participant at the time of their death was an Inactive Vested Participant who was not eligible to retire and who had not yet attained age 55, the amount above will be further adjusted with an actuarial reduction, pursuant to procedures described in Appendix II, in order to reflect the number of years and months by which the Participant's date of death precedes his/her 55th birthday (or notwithstanding part(l) of this Sub-Section, the beneficiaries can opt to defer payment without reduction with the benefit payable upon the date, had the Participant lived, the Participant would have attained age 55). The result shall be the amount awarded.
      
      
   3. If upon death the Participant is survived by one or more child under the age of 21, then monthly annuity payments under this section 8.3(c) shall be made to such children as follows. Each surviving child under the age of 21 as of the first day of the month of payment, shall receive an equal share of the monthly payment. These payments cease when there is no surviving child of the Participant under age 21. Child means a natural or adopted child of the Participant.
      
      A minimum of 120 times the monthly amount of the death benefit or annuity shall be paid. If upon termination of all the foregoing annuity payments, 59 or more monthly payments have already been issued, the balance of payments, if any, shall be paid in single payment to the designated or preference beneficiaries of the Participant in equal shares and subsequent thereto all payments shall terminate. If 58 or less monthly annuity payments have been issued, the balance of guaranteed payments shall be accelerated monthly to the designated or preference beneficiaries of the Participant in equal shares so that by the 60th payment, all guaranteed payments have been paid and then terminate.
      
      If a Participant dies and is not survived by a child under the age of 21, the 120 guaranteed death benefit payments shall be paid at the rate of two payments per month in equal shares to the designated or preference beneficiaries of the Participant and shall then terminate.
      
      If an unmarried Participant is at any time not survived by any designated or preference beneficiary, death benefits shall be paid to the estate of the deceased Participant and if no estate of the Participant is established by probate proceedings or other operation of law, the only other payment payable will be to reimburse the Participant's reasonable funeral expenses, if any.

This Plan Amendment was authorized by action of the Board of Trustees, is effective upon execution, is consistent with the Plan as administered and is executed this 4 day of May 2023 at Pasadena, California.

By: Signature on File
Chairman

By: Signature on File
Secretary