Health and Welfare Summary Plan Description

• Health and Welfare SPD / Article II / Overview and Administration >>

2.5 Employer Contributions.

Monthly Employer contributions are made to the Plan for the hours you work in Covered Employment at rates that are set in your Employer's Contribution Agreement. For example, the hours you work in January generate contributions from your Employer that are received (if timely paid) in February, and which are then credited to your Hour Bank effective March 1. Each monthly contribution made by your Employer is accompanied by a transmittal report containing information (names, SSNs, hours worked, etc.) that supports the amount of the contribution. The Plan Office checks the Employer's transmittal report for mathematical accuracy and notifies the Employer if there is any error in the Employer's computations requiring correction. Separate from Employer contributions, contributions may also paid into the Plan pursuant to the reciprocity rules described in Section 3.5.