About The Southeastern IW Annuity Plan
Purpose Of The Plan
The purpose of this Annuity Plan is to provide retirement benefits and other incidental benefits for eligible Employees. The Annuity Plan and Fund maintained under the Agreement and Declaration of Trust are intended to meet the requirements of Section 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended. The Plan has been established for the exclusive benefit of Employees and their beneficiaries.
The Atlanta Iron Workers Local Union 387 Annuity Plan was adopted effective January 1, 1996; and the Plan became known as the Southeastern Iron Workers Annuity Plan, effective January 1, 1999.
The provisions of the Southeastern Iron Workers Annuity Plan were amended and restated effective January 1, 2001. Iron Workers Local 387 and Iron Workers Local 848 withdrew from the Southeastern Iron Workers Annuity Plan effective March 1, 2008 and the Southeastern Iron Workers Annuity Plan no longer accepted employer contributions or reciprocal contributions remitted on behalf of participants from Local 387 or Local 848. The provisions of this Amended and Restated Plan shall be effective March 1, 2014 or the date written herein.
Former Employees' eligibility for benefits and the amount of benefits, if any, payable to or on behalf of former Employees shall be determined in accordance with the provisions of the plan in effect as of the date their Covered Employment terminated, except to the extent otherwise specifically provided under subsequent Plan Amendments or in this Amended and Restated Plan.