Defined Benefit Pension Summary Plan Description

Important Note:
Notwithstanding any information in these SPD 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.

17. IS MY PENSION AFFECTED IF I TRAVEL?

If you leave the jurisdiction of your Home Local but continue to work within the six county jurisdiction of this Pension Plan (Los Angeles, Orange, Riverside, San Bernardino, Inyo and Mono), it is not necessary to complete reciprocity papers for pension, as these areas are part of the same Plan. NOTE: Each area has its own Health Plan, so you would always need to complete a Health Reciprocity Authorization if you want the Health contributions sent back to your Home Health Fund.

When you travel outside the six county jurisdiction of this Pension Plan, the area in which you are working may have a Defined Benefit pension, or a Defined Contribution (Annuity), or both, as does this Pension Trust Fund. You may elect to send either or both back to this Pension Trust Fund, as long as you are already a participant in this Plan.

Money that is transferred must be transferred to the same type of Fund. Defined Contribution Funds will be transferred to the Southern California IBEW-NECA Defined Contribution Plan unless you are a member of Local 441 and have designated the Orange County Defined Contribution Trust as your home Fund for purposes of Defined Contribution benefits. Defined Benefit Contributions will be transferred to the Southern California IBEW-NECA Pension Plan.

IMPORTANT: Please be aware that some areas, such as Las Vegas and Ventura, may have provisions in their collective bargaining agreements that require additional contributions to their local Pension Plans for overtime hours.

If those hours and contributions are transferred to this Plan you will be credited only with the hours actually worked, although all money received will be applied to your Defined Benefit and/or your Defined Contribution account.

For example, if you work 160 "clock" hours in Las Vegas, which includes 120 straight-time hours and 40 double-time hours, the employer may pay the equivalent of 200 pension hours to the Las Vegas pension fund, but when the hours and contributions are received here, you will be credited with 160 hours worked for the Defined Benefit Plan.

If you are considering stopping the transfer of contributions back to this Plan for any reason, such as moving your ticket to another Local, it is strongly recommended that you first contact the Administrative Office to determine your vesting status in this Plan and the possible effect on your pension benefit if contributions stop. You can then determine if it is in your best interest to remain as an active participant in this Plan. If you stop contributions before you are vested, you may never qualify for a benefit from this Plan. If you stop contributions and a Grace Period occurs, you may suffer a reduction of up to 48% of your accrued benefit if you take early retirement at age 55.