Pension Summary Plan Description

WELCOME TO THE ALASKA TEAMSTER-EMPLOYER PENSION PLAN

BE SURE TO READ THIS HANDBOOK CAREFULLY.

The principal purpose of the Alaska Teamster-Employer Pension Plan ("Plan") is to provide retirement benefits to eligible Participants. In certain circumstances, death benefits are also provided.

This handbook is the Summary Plan Description ("SPD") for the Alaska Teamster-Employer Pension Plan. This SPD explains:

  • How your benefit is calculated;
  • When you can retire;
  • The forms of payment provided under the Plan;
  • How to apply for benefits; and
  • The restrictions and administrative procedures that apply.

This SPD also explains the conditions that may result in a loss of participation and benefits, and the conditions that must be met for reinstatement of participation and benefits. The SPD applies to retirements after June 30, 2016. If you retired before that date, you should consult prior SPDs, summaries of Plan modifications, and the Trust Customer Service Office.

This SPD summarizes and simplifies the Plan document provisions. In the event the provisions of the SPD do not cover your situation, or if any term or provision in the SPD is unclear, ambiguous or conflicts with the Plan, the provisions of the Plan document will govern.

The Board of Trustees is the Plan Administrator. As Plan Administrator, the Board of Trustees has the sole and exclusive discretionary authority to interpret the Plan and other Plan documents, make all factual and equitable determinations, and decide all claims for coverage, eligibility or benefits.

If you have any questions about the information in this SPD, or if you want to know how a specific Plan provision applies to you, write or call the Trust Customer Service Office. A Plan representative will be glad to answer your questions. The Trust Customer Service Office is the only party authorized by the Board of Trustees to answer questions about the Plan. No Trustee, Employer, Employer Association, or Labor Organization, nor their employees or representatives, have any authority in this regard.

Trust Customer Service Office
520 East 34th Avenue, Suite 107
Anchorage, AK 99503-4116
(907) 751-9700 or (800) 478-4450 toll free
Fax: (907) 751-9738
Email: benefits@959trusts.com
Website: www.959trusts.com