Sheet Metal Workers Local 9

Sheet Metal Workers’ Local No. 9 Pension Trust
Colorado Sheet Metal Workers’ Local 9 Medicare Retiree Plan
Health Reimbursement Arrangement for Medicare Eligible Retirees

One of North America’s most dynamic
and diverse unions with 208,000 members.

About Us

The Sheet Metal Workers’ Local No. 9 Pension Trust (the “Pension Fund”) was established on July 1, 1967 as a result of collective bargaining agreements between SMART Local 9 and the employer members of Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) Colorado Chapter, to provide retirement and pre-retirement death and disability benefits to eligible participants.

The Pension Fund is financed entirely by employer contributions as specified in the collective bargaining agreements – participant contributions are not permitted – and is a multiemployer defined benefit pension plan subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.

Currently, Pension Fund participants generally are eligible for a regular pension if they have retired and have reached their normal retirement age under the Pension Fund’s Restated Rules and Regulations (the “Pension Plan”), which generally is age 65. The Pension Fund also provides early retirement, service, and disability pensions to participants that meet applicable eligibility requirements. The Pension Fund also provides death benefits for surviving spouses or beneficiaries of participants who die before reaching retirement, in the form of a pre-retirement surviving spouse pension or pre-retirement death benefit. Eligibility for, and the type and amount of, any such death benefit depends on whether or not the participant has a surviving qualified spouse and whether the participant is vested in the Pension Plan at the time of his or her death.

Please refer to the Pension Fund Summary Plan Description for more information.

The Colorado Sheet Metal Workers’ Local 9 Medicare Retirees Plan (the “Medicare Retiree Plan”) was established on January 1, 2012. The Medicare Retiree Plan provides a Health Reimbursement Arrangement (“HRA”) program to reimburse Medicare-eligible retired Participants of the Colorado Sheet Metal Workers’ Local 9 Family Health Plan (“Family Health Plan”) and certain other Medicare-eligible retirees, their Medicare-eligible dependent spouses, and their Medicare-eligible dependent children for premiums for individual insurance policies designed to supplement Medicare benefits and for certain other medical care expenses. It is the intention of the Trustees that the HRA will satisfy the requirements of a medical care reimbursement plan within the meaning of Sections 105 and 106 of the Internal Revenue Code of 1986 (“Code”) and IRS Notice 2002-45 so that the portion of employer contributions that may be allocated to the HRA are tax deductible and that benefit payments to HRA participants are tax exempt. The Medicare Retiree Plan also provides certain accidental death & dismemberment and death benefits.

Please refer to the Medicare Retiree Plan’s Summary Plan Description for more information.