8% Retirement Fund

The plan was established for employees covered by a collective bargaining
agreement between contributing employers and the IBEW Local Unions
in North Carolina. The plan is effective January 1,1987 and is a continuation
of the plan adopted January 1, 1983.

Eligibility and Participation
Automatic as soon as you work 300 hours in a plan year.

Vesting
Full vesting immediately when you work 300 hours in a plan
year , and become a participant.

Benefits
You may with drawl 100% of the value of your account when you retire after age 55
or if you become disabled. You may withdrawl from the fund is you have less than $5,000 and have had no contributions for 2 years.

Death Benefits
If you are not married your beneficiary will be entitled to
receive a lump sum payment. If you are married , your spouse
may receive a monthly income for life.

Contributions
Your retirement plan is provided at no cost to you. Contribution
from your contractor plus fund earnings pay for the entire
cost of your retirement plan.

Important Definitions to know
Normal Retirement Date: The participants fifty fifth (55) birthday
Total and permanent disability: You are considered totally
and permanently disabled if you have a physical or mental
condition , which totally prevents you from performing the
duties assigned by your employer. A licensed physician
selected by the Trustees must certify this disability.

Retirement Benefit
You are entitled to receive a retirement benefit equal to the value of your individual participant
account if you:
1>Retire, and
2>File a claim for retirement benefits , and
3>You have reached age 55.

Termination of Employment
If your employment is terminated before age 55 for any reason other than death
or total and permanent disability , you will be eligible to receive benefits only after
the expiration of two consecutive plan years for which no ours of service are
credited to you.

Benefits if you should die before retirement
If you are vested and you die before you retire , your spouse or designated beneficiary
will receive a death benefit.

Spouse's Pre Retirement Survivor Annuity Benefit:
If you are married when you die, your spouse will receive a lifetime monthly payment
for the lifetime of your spouse. The annuity will be equal to the amount , which can be
provided by the full value of your individual participant account. Your spouse may elect to
receive a single or lump sum payment instead of a lifetime survivor annuity.

Unmarried Participants:
If you are not married at the time of your death , your beneficiary will receive a
lump sum payment equal to the full value of your individual participant account.

Board of Trustees
Carolinas Electrical Workers Retirement Plan and Trust
C/O Administrative Services , INC.
2187 northlake Parkway , Bldg.9 , Suite 106
Tucker , Georgia 30084
1-800-959-3953

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