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PIPE FITTERS’
RETIREMENT FUND, LOCAL 597
Summary
of Material Modification
In response to the Heroes
Earnings Assistance and Relief Tax (HEART) Act of 2008, the Trustees
of the Pipe Fitters’ Retirement Fund, Local 597 have made the
following change regarding pension credits during military service
as described in this announcement.
Under the Uniformed Services
Employment and Reemployment Rights Act (USERRA), the Pension Plan is
required to provide credit for military service provided that
certain requirements are met. Previously, Participants had to
return to work after serving in qualified military service in order
to receive pension credit for the time they were serving in the
military. In response to the HEART Act, the Plan has been amended
so that if a Participant either dies or becomes disabled while
serving in active military service and he is unable to return to
work in Covered Employment, the Plan will treat the Participant as
if he had returned to work and credit him with pension credit for
his time served. This amendment is effective for all deaths or
disabilities occurring on or after January 1, 2007.
If you have any questions about
qualifying for credit during military service, please call the Fund
Office.
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