Cement and Concrete Workers
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NOTICE TO ALL EMPLOYEES OF EMPLOYERS THAT CONTRIBUTE TO THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL ANNUITY PLAN


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An Employer is a defined term which in substance means one required to make a contribution on your behalf.

Employer

Under the applicable Federal Employee Retirement Income Security Act (ERISA), your spouse has rights regarding your ownership of your account.

Retirement

The Plan allows you to borrow from your account and/or withdraw from your account under certain circumstances.

Vesting

Under the Plan, you direct the manner by which your account is invested. For this purposed, the Plan offers a range of investment options.

You will be come a participant in the Plan on the first day that your employer contributes to the Plan on your behalf under the Union’s collective bargaining agreement, Annuity Trust agreement or other agreement with the Trustees.

Joining the Plan:

Cement & Concrete Workers
Annuity Fund Plan Highlights

For your Annuity Account

Spouse

When you retire or otherwise, when eligible, cease covered employment, your account balance will be paid to you or you may elect to have your account transferred to an Individual Retirement Account (IRA) or to another qualified employer-sponsored retirement plan. Under certain circumstances, you may also elect to defer distribution of your account.

Accessing Your Account

The amounts properly credited to your account under the Plan are always 100% vested.

Vesting means ownership. You are always 100% vested (in other words, you have complete ownership subject to your spouse’s rights as required by ERISA) in your account (adjusted for investment gains and losses).​

Managing Your Investments

Your Employer is required to make contributions to the Plan on your behalf based on the collective bargaining agreement, Annuity Trust agreement or other agreement with the Trustees. The amount contributed is determined by that agreement.

Employer Contributions:

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