benefit amount

The monthly amount of the Regular Pension is calculated by adding together the amounts in 1 and 2 below:

1. Multiply $10 by the number of years of vesting service you earned before June 1, 1974, or $25 times the number of years of Service you earned before June 1, 1974, if you separated from Covered Employment on or after December 1, 2000 and before June 1, 2001 and you had at least 300 hours in Covered Employment on or after June 1, 2000, or
   
   Multiply $66 by the number of years of vesting service you earned before June 1, 1974, if you separated from Covered Employment on or after June 1, 2001 and had at least 300 hours in Covered Employment between June 1, 2001 and April 29, 2003; or
   
   Multiply $66 by the number of years of vesting service that you earned prior to June 1, 1974, if you:
   1. separated service from Covered Employment on or after June 1, 2001, and
   2. did not have at least 300 hours in Covered Employment between June 1, 2001 and April 29, 2003, but
   3. had at least 300 hours in Covered Employment in at least three Plan Years on or after June 1, 2001.
2. Multiply the total Employer contributions paid on your behalf on and after June 1, 1974 by the applicable percentage for each time period shown on the Percentage Table. The percentage for contributions paid on or after September 1, 2006 is 2.5%.
    

Date You Separated from Covered Employment	Percentage
June 1, 1974 through December 31, 1984	1.8%
January 1, 1985 through May 31, 1988	1.9%
June 1, 1988 through May 31, 1989	2.0%
June 1, 1989 through May 31, 1990	2.1%
June 1, 1990 through May 31, 1992	2.2%
June 1, 1992 through May 31, 1995	2.4%
June 1, 1995 through May 31, 1996	2.5%
June 1, 1996 through May 31, 1997	2.6%
June 1, 1997 through May 31, 1998	2.7%
June 1, 1998 through August 31, 2006	2.8%
September 1, 2006 and thereafter	For contributions made prior to 9/1/2006: 2.8%
September 1, 2006 and thereafter	For contributions made after 8/31/2006: 2.5%

You will be deemed to have separated from Covered Employment on your last day of work in Covered Employment in the last Plan Year in which you were credited with at least 300 hours in Covered Employment.

NOTE: If you are married, your pension benefit will be paid in the form of the Surviving Spouse Annuity Benefit unless you reject this form of payment and your spouse consents to the rejection in writing before a Notary Public or the Plan Administrator. The Surviving Spouse Annuity Benefit amount is lower than the Regular Pension amount in order to provide a benefit payable to a Surviving Spouse upon your death. For more information on the Surviving Spouse Annuity Benefit, refer to the Retirement and Pension Summary Plan Description (SPD) booklet.

The amount of the Normal Retirement Pension is the same as the Regular Pension but it is not payable until you reach your Normal Retirement Age, which is the later of age 65 and your age on your 5th anniversary of participation. If you meet the requirements for more than one type of pension, you will receive the pension that gives you the greatest benefit, but you may not receive duplicate benefits from the Plan.

If you are a former Local Union #81 Pension Plan participant and you earn years of Vesting Service in this Plan after June 1, 2000:

1. Your service under this Plan and the former Local Union #81 Pension Plan will be counted in determining your vested status and eligibility for benefits.
2. Your accrued benefit before June 1, 2000 will be determined under the provisions of the former Local Union #81 Pension Plan. However, any of your service that was credited with a monthly pension of less than $66 will be increased to $66 if you retire on or after June 1, 2001 and you work at least 300 hours in Covered Employment on or after June 1, 2001.
3. You will also receive your accrued benefit earned on the basis of contributions to this Plan on or after June 1, 2000.

If you have questions about your eligibility for benefits or how your benefits will be calculated, you should contact the Pension Fund Office at 815-725-0325.

The amount of the Early Retirement Pension is reduced from the amount of the Regular Pension because you are younger when your pension begins; this means that, most likely, you will be paid a pension for a longer time.

If you retire on or after September 1, 2006 and have worked at least 300 hours in Covered Employment on or after June 1, 2006, your Regular Pension amount will be reduced by 0.3 of one percent for each month that you retire before you reach age 63; otherwise, the reduction is 0.6 of one percent for each month.

The amount of the Disability Pension is the same as the Regular Pension reduced by 0.3% for each month you are less than age 63, but no less than $50 per month. The maximum reduction is for 36 months or 10.8%.

Additional information on Disability Pensions, including how payments are handled in the event of your death, can be found in the Retirement and Pension Summary Plan Description (SPD) booklet.

The amount of the Partial Lump Sum Pension consists of two parts:

1. Lump sum amount, and
2. monthly amount.

The lump sum amount is equal to the contributions made on your behalf on or after June 1, 1974. For the surviving spouse, the lump sum amount is 50% of the contributions made on your behalf on or after June 1, 1974.

The monthly amount is reduced, based on factors that are described in the Retirement and Pension Summary Plan Description (SPD) booklet. The factors vary, depending on your age and whether you are Disabled.