Soft Drink Industry-Local Union No. 744 Individual Account

An Individual Account is the account established for each participant that is employed by an employer that makes contributions into the Individual Account Plan. Employer contributions paid on the behalf of each participant are deposited into the Individual Account. The employers make monthly 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 calendar year in which the 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 you voluntarily quit of retire. An involuntary discharge of 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