Beer Industry-Local Union No. 744 Individual Account

An Individual Account is the account established for each participant. Employer contributions paid on behalf of the participant are deposited into the Indvidual Account. The employers make monthy contributions to this account.

You will be vested in the Individual Account Plan when you are credited with five years of vesting service. A year of vesting service is earned for each calender year in which a participant completes at least five months of work for which contributions were required to be made on your behalf. Once vested you are eligible to receive the amount in your Individual Account Plan, payable in a lump sum, when you satisfy one of the following requirements:

• You terminate covered employment. This means if you voluntarily quit or retire. An involuntary discharge or layoff is subject to a waiting period.

• You reach Normal Retirement Age (generally, age 65).

• You become totally and permanently disabled as determined by the Trustees.

• You must provide a valid photo ID with application