Annuity

Your Annuity Account is funded by your employer.  For each hour you work, your employer contributes the negotiated hourly amount to your account.

You are always 100% vested in, or entitled to, the money in your individual account. However, you must meet certain eligibility requirements before you can access this money.

Your participation ends when your individual account is paid out in full.

You determine how your individual account is invested.  Fidelity is the record keeper for the Tuckpointers Annuity benefit.  You will have your own account with Fidelity, and you can make changes or updates online or on the phone.

You can always log on to the Fidelity website at www.NetBenefits.com, and you will also receive quarterly statements from Fidelity.

In general, you become eligible to withdraw funds from your account when:

• You become totally and permanently disabled; or
• You reach Normal Retirement Age (currently age 60), or reach age 72; or
• You terminate employment (Your employment is considered terminated as of the last day of a 12-consecutive month period in which you worked fewer than 100 hours.)

You may name anyone you want as your Beneficiary. However, if you are married and wish to designate someone other than your spouse as Beneficiary, your spouse must consent to the designation in writing in the presence of a notary public.

It is very important that you designate a beneficiary, and keep that designation up to date as you have changes in your family situation – marriage, divorce, etc.

If you do not have a designated beneficiary at the time of your death, your benefits will be paid to your:

1. Surviving Eligible Spouse; or if none,
2. Surviving children; or if none,
3. Estate.

Yes. You have the option of taking the following forms of payment when you retire:

• Lump Sum Payment of your Account Value; or,
• Partial Payment of your Account Value each calendar year; or,
• Rollover of all or part of your Account Value to an IRA.

If you die before payment of your benefits begins, the balance of your account would be transferred to an account created for your eligible spouse or designated beneficiary.  They may leave the account in place or request a partial or full withdrawal of the balance.