Benefits

Domestic Relations Order

The assets of the Annuity Fund and benefits under the Plan are not subject to transfer, assignment, garnishment, attachment, or judicial process to satisfy the claims of creditors, except to the extent of a qualified domestic relations order.

The Plan will recognize a domestic relations order which creates or recognizes the existence of an alternate payee’s right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable under the Plan with respect to a Participant. A domestic relations order is a judgment, decree or order which relates to a spouse, former spouse, child, or other dependent of a Participant, and which is made pursuant to a State domestic relations law. The Annuity Fund will provide rules for determining what orders will constitute qualified domestic relations orders.

District Council 37 may amend the Plan at any time, and may merge or terminate the Plan and dissolve the Annuity Fund at any time. No transfer of assets or liabilities will occur unless each Participant in the Plan would receive a benefit immediately after the merger or transfer which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger or transfer. No Plan amendment or termination will make it possible for any part of the assets of the Annuity Fund to be used for, or diverted to, purposes other than the exclusive benefit of the Participants and their beneficiaries.