1199SEIU Health Care Employees Pension Fund 1199SEIU Health Care Employees Pension Fund SUMMARY PLAN DESCRIPTION OF YOUR PENSION BENEFITS

1199SEIU HEALTHCARE EMPLOYEES PENSION FUND 330 West , NY 10036-6977 Summary Plan Description (646) 473-9200

September 2011September of Your Pension Benefits Outside Area Codes: (800) 892-2557 www.1199SEIUBenefits.org Dear Pension Fund Participants and Retirees: This updated booklet contains a Summary Plan Description of your Pension Plan as well as a copy of the Plan Document for the 1199SEIU Health Care Employees Pension Fund (the “Plan” or “Pension Fund”). It can help you plan and prepare for Retirement. If you have any questions about the Pension Plan and how it affects you, feel free to make an appointment with a Pension Fund counselor. When you do, it’s important to make your appointment at least three to six months before you plan to Retire. Your Pension Fund counselor will explain your pension benefits and options and help you through the application process. This Summary Plan Description is a non-technical explanation of your pension benefits. It is written to make it easier for you to understand your rights and responsibilities under the Plan Document and related Trust Agreement. However, it may not provide you with all of the details of the Plan’s rules and regulations, nor does it modify, change or otherwise interpret the terms of the Plan Document. Any words that have an initial capital letter are defined terms and appear in the section beginning on page 122 under the heading “Key Terms and Definitions.” Telephone conversations and other oral statements can easily be misunderstood. Therefore, you should rely on the information provided in the Summary Plan Description and Plan Document rather than any oral explanation of the Plan’s provisions. Your rights and duties under the Plan are determined solely by referring to the Plan Document and Trust Agreement, as amended. In case of any ambiguity or conflict, the provisions of the Plan Document and Trust Agreement – not those of the Summary Plan Description – are controlling and will govern your rights and responsibilities under the Plan in all cases. Please note that the Board of Trustees has full and final discretion and authority to determine eligibility, coverage and benefits, and to amend, interpret and apply the Plan from time to time. When you stop working in Covered Employment, your rights and benefits will be determined by the terms of the Plan in effect at that time. The Plan is effective as of January 1, 1991, as amended through January 2008 except, as otherwise specifically provided therein. The Plan has been amended for certain legislative changes, such as the Pension Protection Act of 2006 (PPA). If you retired or separated from service before January 1, 2008, you should refer to the Plan and SPD in effect at the time of your retirement or separation from service.

1 Since the Plan Document or Trust Agreement may be modified from time CONTACT THE PENSION FUND OFFICE to time, you should consult the Pension Fund’s counselors or check Call (646) 473-8666 to speak with a Pension Representative or to schedule the Fund’s website at www.1199SEIUBenefits.org to make sure you are an appointment with a Pension Counselor. (Outside New York City, please call referring to the most current Summary Plan Description. (800) 575-7771.) If you have any questions, or if you want to make an appointment with a Pension Fund counselor, call (646) 473-8666. VISIT A WALK-IN MEMBER SERVICES CENTER

Manhattan 330 West 42nd Street, 3rd Floor NEED HELP WITH THE SUMMARY DESCRIPTION PLAN? New York, NY 10036 This booklet contains a summary in English of your Plan rights and benefits Monday - Friday, 8:00 am to 6:00 pm under the 1199SEIU Health Care Employees Pension Fund. Pension Member Services If you have difficulty understanding any part of this booklet, contact the Plan 10th Floor Administrator at: Monday - Friday, 8:00 am to 6:00 pm 1199SEIU Health Care Employees Pension Fund Or call for an appointment: (646) 473-8666 330 W. 42nd Street, 10th Floor, New York NY 10036 Bronx 2501 Grand Concourse, 3rd Floor You may also call the Pension Fund office at (646) 473-8666 for assistance. Bronx, NY 10468 Office hours are from 8:00 am to 6:00 pm, Monday through Friday. Monday - Friday, 9:00 am to 5:00 pm Pension Member Services: ¿NECESITA AYUDA CON EL SUMARIO DE Third Thursday of each month, 10:00 am to 4:00 pm DESCRIPCION DEL PLAN? Queens 97-77 Queens Blvd., 10th Floor Este Folleto es un sumario en Ingles de sus derechos y beneficios bajo El Rego Park, NY 11374 Fondo Nacional de Beneficios de la 1199SEIU. Monday - Friday, 9:00 am to 5:00 pm Si usted no Entiende este Sumario y Necesita ayuda escriba al Fondo: Pension Member Services: Third Thursday of each month, 10:00 am to 4:00 pm 330 W. 42nd Street New York, NY 10036 Brooklyn 25 Elm Place, 1st Floor o llame: (646) 473-8666 Brooklyn, New York 11201 Las horas de oficina del Fondo son de 8:00 am a 6:00 pm De Lunes a Viernes. Monday - Friday, 9:00 am to 5:00 pm Pension Member Services: Third Thursday of each month, 10:00 am to 4:00 pm

2 3 Staten Island 790 Port Richmond Avenue TABLE OF CONTENTS Staten Island, NY 10302 Monday - Thursday, 9:00 am to 5:00 pm Letter from the Board of Trustees ...... 1 Friday, 8:00 am to 4:00 pm Pension Member Services: OVERVIEW OF YOUR PENSION PLAN ...... 9 Third Thursday of each month, 10:00 am to 4:00 pm SECTION I – PARTICIPATION ...... 13 Long Island 100 Duffy Avenue, 3rd Floor I.A Participation ...... 14 Hicksville, NY 11801 Monday - Friday, 9:00 am to 5:00 pm SECTION II – EARNING YOUR PENSION ...... 17 Pension Member Services: II Earning Your Pension: Monday - Friday, 9:00 am to 5:00 pm How Your Service Counts Under the Plan...... 18 Westchester Berkeley College Building II. A Vesting ...... 19 99 Church Street, 4th Floor II. B Credited Service ...... 21 White Plains, NY 10601 Monday and Thursday, 9:00 am to 5:00 pm SECTION III – IF YOU STOP WORKING IN COVERED EMPLOYMENT . . .25 Pension Member Services: III If You Stop Working in Covered Employment ...... 26 Monday - Friday, 9:00 am to 5:00 pm III. A Before You Are Vested ...... 27 Rochester 225 West Broad Street, Suite B III. B After You Are Vested ...... 30 Rochester, NY 14608 III. C Benefit Calculation for Separate Periods of Service...... 31 Monday - Friday, 9:00 am to 5:00 pm III. D If You Change Jobs...... 33 Kingston 75 Crown Street III. E Employment After Retirement ...... 34 Kingston, NY 12401 (No Member Services) SECTION IV – TYPES OF PENSIONS ...... 37 Pension Member Services: IV Types of Pensions ...... 38 Third Thursday of each month, 10:00 am to 4:00 pm IV. A Unreduced Pensions ...... 39

Albany 155 Washington Avenue IV. B Reduced Pensions ...... 40 Albany, NY 12210 IV. C Disability Pensions ...... 41 (No Member Services) IV.D Deferred Vested Pensions...... 43 Pension Member Services: IV. E When Your Pension Begins...... 44 Third Thursday of each month, 10:00 am to 4:00 pm IV. F If You Continue to Work After Age 70-1/2...... 45

4 5 SECTION V – HOW YOUR PENSION IS CALCULATED ...... 47 SECTION IX – OTHER INFORMATION YOU SHOULD KNOW...... 87 V How Your Pension Is Calculated...... 48 IX Other Information You Should Know...... 88 V. A Calculating a Pension for Credited Future Service...... 49 IX. A Notice of Denial...... 89 V. B Calculating a Pension for Past Service...... 53 IX. B Your Right to Appeal...... 90 V. C Calculating a Pension: Two Examples...... 55 IX. C Assignment of Benefits...... 91 V. D Adjustments to Your Pension...... 57 IX. D Pension Benefit Guaranty Corporation...... 92 V. E Getting a Pension Estimate...... 59 IX. E How Benefits May Be Reduced, Delayed or Lost...... 94 V. F Postponing Your Pension Start Date...... 60 IX. F Plan Amendment or Termination...... 95 V. G Pension Protection Act: Rehabilitation Plan ...... 61 IX. G Authority of the Plan Administrator...... 96 IX. H Incapacitation ...... 97 SECTION VI – CHOOSING YOUR PENSION OPTION...... 63 IX. I Compliance With Federal Law...... 98 VI Choosing Your Pension Option...... 64 IX. J Recovery of Overpayment...... 99 VI. A Normal Forms of Payment...... 67 IX. K Your Disclosures to the Plan ...... 100 VI. B Rules Regarding All Benefit Options...... 68 IX. L Plan Funding and Administration...... 101 VI. C Applying for Benefits – Filing Your Application ...... 71 IX. M Collective Bargaining Agreements/Contributing Employers. . . 102 VI. D Delayed and Retroactive Pension Starting Dates...... 73 VI. E Paying Taxes on Your Pension...... 74 SECTION X – YOUR ERISA RIGHTS ...... 103 VI. F Direct Deposit ...... 75 X Your ERISA Rights...... 104 X. A Getting Information ...... 105 SECTION VII – PROTECTING YOUR SPOUSE BEFORE YOU RETIRE. . . 77 X. B Finding Out When You Qualify for a Pension...... 106 VII Protecting Your Spouse Before You Retire ...... 78 X. C Fiduciary Responsibility...... 107 VII. A If You Are Still Working, or Stopped Working, in a Covered Job Category on or After August 23, 1984. . . . . 79 X. D Enforcing Your Rights ...... 108 VII. B If You Stopped Working in Covered X. E Where to Call...... 109 Employment Before August 23, 1984...... 80 SECTION XI – GENERAL INFORMATION...... 111 SECTION VIII – HOME LOANS FROM THE PLAN...... 81 XI. A General Information...... 112 VIII Home Loans from the Plan ...... 82 XI. B Joint Board of Trustees...... 114 VIII. A Using Your Pension Benefit to Get a Home Loan...... 83 XI. C Reciprocity Agreements...... 118 VIII. B Securing Your Loan ...... 84 XI. D Merger of the 1199SEIU Health Care Employees VIII. C Making Loan Payments...... 85 Pension Fund for the144 Hospital Division...... 119 XI. E Successors to the National Pension Fund...... 120

6 7 SECTION XII – KEY TERMS AND DEFINITIONS...... 121 XII Key Terms and Definitions...... 122 Quick Contact Information...... 128

PLAN DOCUMENT ...... 131 Scope ...... 132 1 Definitions ...... 133 2 Participation...... 142 3 Credited Service ...... 145 4 Retirement Dates...... 148 5 Amount of Pension ...... 151 6 Deferred Pensions...... 162 7 Optional Forms of Pension After Retirement...... 163 8 Disability Pension Benefit ...... 170 9 Pensions for Spouses of Participants Who Die and Whose Last Credited Future Service Was Subsequent to August 22, 1984 ...... 172 10 Pensions for Spouses of Participants Who Die and Whose Last Credited Future Service OVERVIEW OF YOUR PENSION PLAN Was Prior to August 23, 1984 ...... 174 11 Payment of Pensions...... 176 12 Appeals Procedures, Authority and Discretion of Trustees and Miscellaneous ...... 179 13 Amendments to the Plan...... 184 14 Termination of the Plan ...... 185 15 Modification Applicable to Participants Not Employed in a Bargaining Unit Represented by the Union (“NBU”)...... 186 16 Loans to Purchase a Principal Place of Residence or Refinance the Mortgage on a Principal Place of Residence. . . 187 Appendix A...... 190 Appendix B...... 191 Appendix C...... 192

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