Under the applicable Federal Employee Retirement Income Security Act (ERISA), your spouse has rights regarding your ownership of your account.
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.
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
Mylifenow app is going away.
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With John Hancock's retirement app, you can:
John Hancock's retirement app will replace the mylifenow app on September 30, 2021
You may continue to use your existing login credentials with the new retirement app.
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NOTICE TO ALL EMPLOYEES OF EMPLOYERS THAT CONTRIBUTE TO THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL ANNUITY PLAN
For your Annuity Account
An Employer is a defined term which in substance means one required to make a contribution on your behalf.
The Plan allows you to borrow from your account and/or withdraw from your account under certain circumstances.
Under the Plan, you direct the manner by which your account is invested. For this purposed, the Plan offers a range of investment options.