Defined Benefit Pension Plan Document

Important Note:
Notwithstanding any information in these Plan Document pages or embedded links, for retirements that are first in pay status on or after April 1, 2017, certain Defined Benefit Plan provisions are scheduled to change in accordance with the adoption of Alternative Schedules 1 or 2 under the Second Critical Status Rehabilitation Plan.

AMENDMENT NO. 2
TO THE
SOUTHERN CALIFORNIA IBEW-NECA PENSION PLAN

This Amendment to the Southern California IBEW-NECA Pension Plan ("Plan") is made by the Board of Trustees of the Southern California IBEW-NECA Pension Trust Fund ("Board of Trustees") with reference to the following facts and circumstances:

  1. This Amendment is intended to provide that full-time employment for an IBEW-NECA sponsored training program or any administrative corporation providing services to such training program shall constitute suspendible employment for benefits accrued on and after July 1, 2015.
  2. The Board of Trustees has reserved to themselves the ability to amend the Plan from time to time.

NOW THEREFORE, the Plan is amended as follows:

  1. Section 9.7(a)(3)(ii) is amended by replacing the existing language with the following language:
    "Instruction or training in the field of electrical work if the Pensioner is employed by an IBEW-NECA sponsored training program or any administrative corporation providing services to such training program, subject to the limitations of Section 9.7(b)(2) (xvii) and 9.7(c)(1)(x), below."

  2. Section 9.7(b)(2) is hereby amended by adding the following new sub-section:
    "xvii.  Only benefits accrued on and after July 1, 2015 shall be suspended for that month in which a Pensioner is employed by an IBEW-NECA sponsored training program or any administrative corporation providing services to such training program on a full-time basis (30 or more hours per week)."

  3. Section 9.7(c)(1) is hereby amended by adding the following new sub-section:
    "x. Only benefits accrued on and after July 1, 2015 shall be suspended for that month in which a Pensioner is employed by an IBEW-NECA sponsored training program or any administrative corporation providing services to such training program on a full-time basis (30 or more hours per week)."

  4. All other terms and conditions of the Plan shall remain in full force and effect.

Executed this 28th day of January, 2015 at Commerce, California.

Board of Trustees
Southern California IBEW-NECA
Pension Trust Fund

By: Signature on File
Chairman

By: Signature on File
Secretary