NATIONAL VACATIO N FUND - I.A.T.S.E. National …

1 NATIONALVACATIONFUNDV acat io nFu nd Boar dofTrus teesUNIONTR USTEESEMPLOYERTRUSTEESMat th ew D. LoebIrv ing W. CheskinIA TSE Int er nat ionalPr esid entDirectorof Pension& WelfarePlanAffairs1430 Broa dwa y, 20t h FloorThe Leagueof American Th eat er s & ProducersNew Yor k, NY 10018226 West47 th St reetNew Yor k, NY 100 36 JamesB. Woo dJe ffreyRu th izerIA TSE,Gen eral Sec ret ar y-T reas ur erSeniorVice-President, LaborRelationsABC, 30 Broad way , 20t h Floor77 We st 66thStreetNewYor k, NY 10018 NewYork,NY 100 23 EXE CUTIVE DIR ECTORAn ne J.

2 Ze isle rFUNDCOUNSELSp iv ak Lip ton LLPPros kau er Ros e LLPFUNDCONSULTANTSThe Seg al Comp anyAug us t 2008 Dea r Pa rt ic ipant :We are plea sed to pres ent thi s rev is ed booklet aboutthe IATSENat ional Vac ationFund s Va ca ti on Plan .This bookl et cont ai ns the rules and regulat ions of thePl an, and provi des importantup dated inf or ma ti onabout your vaca tion benefits , inc lud in g: whenyou can par ti ci pat e in thePl an how your vacat ion benefit s are deter mined whenyourvacati on accountis paid, and ot herPla nfea tures.

3 We enc oura ge you to rea d thi s booklet carefully. To help you underst and the definedtermsused inthi s book let, they are ita li ci zed throughout, feat uredin the Ter ms You ShouldKnow at the st art ofea ch sec ti on and inc ludedin the glossary on page14. Si nce the Vacation Plan ma y makea pay me nt toyour des ig na tedbenef iciar yin the eve nt of yourdeat h, be sure to sharethi s bookletwith who meve ryou des ignat e as yourbenefici ar er rea ding thi s booklet, if you ha ve questions aboutthePl anor wouldlike moreinformati on ,conta ct the FundOff ic e.

4 A sta ff memberwi ll be pl easedto assi st you wi th any ques tionsor concernsyou ma y hav Boa rd of Trus teesFrom the Boa rd of Tru stee sTA BLE OF CONT EN TS1 Int roduction2 Va cationPlan Highlights3 Elig ib ility and Pa rticipationWh o s Eligible3Wh en Par ticip at ion Star ts3 Nam ing a Ben ef iciary35 Va cationAc coun tsHowth e Amou nt of Your VacationCheckIs Determined56 When BenefitsAr ePaidHowBen ef it s Are Paid67 Ot her In form atio nYo uShouldKnowApp eali ng a Den ied Cl aim7 Assignmen t of Benefits8In cap aci tat ion8 Complian ce wi th Federal Law8 Plan Ch an ge or Term ination9 Recoveryof Ov erpayment9Fu nd Admin is trat ion9 Coll ective BargainingAgreements/ContributingEmploye rs9 Plan Int erpretat ion1011 Your RightsUnd er the Emplo yee Ret ire men tInco me Securit yAct of 197 4(ER ISA)

5 ReceiveIn for mat ion AboutYourPlan and Benefits11 Plan Fid uciaries11 Enforcing You r Rights12 Assis tancewit h Your Questions1213 PLA NFACT S14 GL OSS AR YInt ro ducti onThe IATSE Nati onal Vaca ti on Fund (refe rred to in this booklet as the Fund ) was set upto provi de vacation be nef it s to eligi ble pa rtici pa nts. It was esta bl ishe d on October25, 1973,as the resultof vari ouscolle ct ive ba rgai ni ng agreementswi th the InternationalAllianceof Theat ri cal St ag e Em ployees, Movi ng PictureTechnicians, Artists,and AlliedCraftsof theUni ted Statesand Ca nad a (th eUn ion ).

6 Thesecoll ecti ve barg aini ng ag reementsarecont ra cts betweenem ployers and th eUni onwhi ch, amongoth er th ings , requirean employerto contri but e to the Va cat ion Fun d on behal f ofemployeeswh o are coveredby th e IATSENat iona l Va cationPl an (refe rre d to in this bookl et as thePla n).ThePlanis completelyfundedthroughthe IATSEN ationalVacationFund;you are neitherrequirednorpermittedto makecontributionsto e 1973whenthe rule s and reg ula ti ons of th ePl anwereapp roved,thePlanhas beenamended and modified.

7 Addit ion al ame nd me nts are lik el y as ci latestrevi si ons to thePl anwe re mad e in Janu ary vetried to explainthingsin everydaylanguage,but you will comeacrosssomewordsand phrasesthat havespecificmeaningswithinthe contextof help you understandthem,they are italicizedin the booklet,featuredin the TermsYou ShouldKnow box at the startof eachsectionand includedin the glossaryon anis complet el y fu nde d through the IATSE Nati ona l Va ca ti on Fund.

8 You are nei therreq uirednor permitt ed to makecontributi onsto thePl is admi nisteredby a BoardofTrus tees consi st ing of re pres ent at ive s app oi nted by th eUni onand thecontributi ng Boa rd of Tr ust ees acts on beh alf of you and yourfel lowPl anparti ci pan ts to manageallaspect s of the Fund sope ra ti tio nPla nHi ghlightsJoin ing thePlanIf you wor k for an employerthat con tributesto the VacationFu nd on yourbehalf , yo u are eligibleto par ticipatein thePlan,and yo u are enrolledaut an accountestablishedfor you by thePlanfromwhichyou r vacationbenefitsare valueof yo ur accountis det erminedDecember 31 fits Ar e PaidOncethe balancein yourvacationacco un tis determined, the Fundaut omatically pro cessesyo ur checkas soonas practicableaf ter May 1.

9 You dono t need to take any actio rv ivor Bene fit sIf, at the timeof yourdeath,th ere is moneyremainingin yourvacationaccount,you r de sig natedben eficiarywill receivepayment of for thePlanEmp loyer s makeallco ntributionsto the VacationFund, as determinedby theapplicableco llectivebargaining agreementsin are neitherrequiredno r permitted to makeco ntributionsto igi bili ty and Part ici pa ti onTer ms You Should Co nt ributi ng emplo yeris an empl oy er that has signe d acol lec tive bargainingagr eem entwi th the International Al lian ce of Th ea tri cal Sta ge Employees, Movi ng Pi ctureTechnicians,Ar tis ts, and All ie d Craft s of th e Uni ted Sta te s and Ca na da (th eUnion)

10 Or any localunioncharteredby or aff ilia te d wit h theUni on(anaf fi li ated loca l) . Co ver ed employmentis work for which acont ribu ti ng emp loye ris req uiredto contributeto the Vacati on Fun d on you r beh alf . Empl oyeemea ns some one wh o work s for an employertha t contribut es to the VacationFundas required by acoll ect ive ba rga ini ng sEl igib leIf you work for an employer tha t contributes to the VacationFu nd on yourbe half, you areeli gi bl e to partici pat e in th ePlan.