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The Carpenters Annuity Trust Fund for Northern California, established in August 1981, is a defined contribution pension plan. As a defined contribution plan, an Individual Account is established for each Participant. The benefits are based on the Employer amounts contributed and are also affected by income, expenses, gains and losses. These benefits are intended to supplement retirement benefits accrued under the Carpenters Pension Trust Fund for Northern California, which is a defined benefit plan.
The information provided by this website is presented in summary fashion. The Rules and Regulations of the Plan govern the administration of all benefits.
Only the full Board of Trustees:
- is authorized to interpret the Plan Rules and Regulations;
- has the authority to modify or change the rules of the Plan;
- may give binding answers, and then only if you have furnished full and accurate information concerning your situation in writing;
- shall be the sole judge of the standard of proof required in any case and the application and interpretation of this Plan;
- shall render decisions final and binding on all parties, subject only to such judicial review as may be in harmony with federal labor policy.
No Employer or Union nor any representative of any Employer or Union is authorized to interpret the Plan on behalf of the Board -- nor can these persons act as an agent of the Board of Trustees. Benefits are paid in accordance with the Plan Rules and Regulations. All other documents, including the Summary Plan Description, are interpretations of the Plan Rules, and in the event of a discrepancy, the Plan Rules prevail.
This defined contribution pension plan does not provide for loans or in-service distributions (including hardship withdrawals). However, retired Participants eligible to withdraw their Individual Accounts have a variety of payment options available.
The Board of Trustees directs the investment of most Individual account balances. However, a Participant has the option to self-direct his or her Individual Account within a limited number of mutual funds after attending an educational seminar. In addition to educational seminars offered at local unions, online self-direct classes are available. Click here to register.
Investment Review
Performance as of 12/31/2007
Forms & Documents
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