Name of Plan

The name of the pension plan hereunder shall be the "Michigan Upper Peninsula International Brotherhood of Electrical Workers Pension Plan".

Purpose

The Plan has been established to provide qualified electrical workers with a source of retirement income in addition to other sources of retirement income available to them. The Plan is to be funded by contributions from electrical contractor employers plus contributions from the Participating Locals on behalf of their qualified employees.

Plan History

The Plan was initially installed effective June 1, 1978 with Locals No. 19, 219, 979, 1070 and 1251 as the initial participating locals. The Plan has been periodically amended since its original effective date and is further amended and completely restated to comply with the provisions of the Tax Reform Act of 1986 and other recent legislation, effective as of June 1, 1989. As of June 1, 1989, the participating locals are Local 219, Local 979, and Local 1070. Effective January 1, 2016 Local 219, Local 979, and Local 1070 merged into Local #906.

Effective Date

The original effective date of the Michigan Upper Peninsula International Brotherhood of Electrical Workers Pension Plan is June 1, 1978. The effective date of the Plan's amendment and restatement is June 1, 1989.

Construction and Applicable Law

The Plan is intended to meet the requirements for qualification under the Internal Revenue Code. The Plan is also intended to be in full compliance with applicable requirements of the Employee Retirement Income Security Act. The Plan shall be administered and construed consistent with said intent. It shall also be construed and administered according to the laws of the State of Michigan to the extent that such laws are not preempted by the laws of the United States. All references herein to the "Internal Revenue Code" or the "Code" are to the Internal Revenue Code of 1986, as from time to time amended, together with any regulations, interpretations or decisions thereunder. All references herein to the "Employee Retirement Income Security Act" or "ERISA" are to the Employee Retirement Income Security Act of 1974, as from time to time amended, together with any regulations, interpretations or decisions thereunder.