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Annuity and 401(k) Fund

Annuity Fund – Revised Distribution Rule
Effective 10/1/13, Retired, Disabled and Terminated Participants who are eligible for a full distribution of their entire account balance, may request to receive a partial distribution, in the event they do not wish to withdrawal their full account balance. Such distributions must be for a minimum of $2,500 each and are available once every calendar quarter, provided that the Participant meets the existing Plan requirements for a distribution. For example, members seeking a Termination distribution cannot have performed the type of work covered by our Collective Bargaining Agreement for at least six consecutive months at the time of the distribution.  Should you have any questions regarding this type of disbursement from the Plan, please contact Christine at the Fund Office.


The Annuity Plan provides retirement benefits based on assets accumulated in an account established on your behalf with a major mutual fund company, Mass Mutual, and funded with employer contributions.

The Plan features a self-directed investment program, which allows you to choose a single pre-diversified fund, or you may select from a variety of investment options to create a well-diversified portfolio.

Members currently have the option to defer $0.50, 1, 2, 3, 4, 5 or $6 per hour into a  401(k) feature that has been added to our existing Annuity Plan, and members over the age of 50 have the option to defer additional amounts. While the Plan functions primarily to provide retirement benefits to supplement those available through the Pension Plan, in-service distributions are available on a limited basis.