To All Participants
The Trustees of your Pension
Plan are pleased to present you with this Summary Plan Description, which
explains the Plan in non-technical language. The complete provisions
of the Plan are contained in the Plan Document, a copy of which may be
obtained from the Plan Office upon request. In the event of any conflict
between this summary and the Plan Document, the provisions of the Plan
Document will prevail. If you were covered by a former local plan
which merged into the CWA/ITU Negotiated Pension Plan, benefits from the
merged plan may have different provisions. If you have any questions,
please phone or write the Plan Office at the address shown in this booklet.
The Plan Office is always glad to be of assistance.
The Board of Trustees
The CWA/ITU Negotiated Pension Plan (the Plan) was started in 1967
by the International Typographical Union (since 1987, the Printing, Publishing
and Media Workers Sector of the Communications Workers of America).
It was established to provide a national plan with full portability as
an aid to financial retirement planning and security for members.
The Plan is funded by employer contributions in accordance with collective
bargaining agreements; employee contributions generally cannot be accepted.
The Internal Revenue Service has determined that the Plan is a “qualified
plan” for purposes of the Internal Revenue Code. The latest such
favorable ruling by the IRS was issued on November 19, 2002.
The purpose of this Summary Plan Description is to furnish information
about the Plan, as well as to satisfy the disclosure requirements of the
Employee Retirement Income Security Act of 1974 (ERISA). The Plan
is described as amended effective June 1, 2010. The Trustees may
from time to time amend the Plan; participants will be notified of any