|
The
Annuity Plan, a defined contribution Plan, was agreed upon as
a result of the Collective Bargaining Agreements between the Unions
of the United Brotherhood of Carpenters and Joiners of America
and Employers. A copy of the Collective Bargaining Agreement may
be obtained from the Plan Administrator upon request. The funding
medium is a trusted Annuity Fund which was established on May
1, 1982. The Plan was effective May 1, 1982.
The New Jersey Carpenters Annuity Fund is administered by a joint
Board of Trustees consisting of an equal number of union-designated
trustees and employer-designated trustees. An Executive Finance
Committee consisting of union and employer designated trustees
functions between meeting of the Board of Trustees. In addition,
an Administrative Manager functions bewteen meetings of the Executive
Finance Committee and the Board of Trustees. The Trustees are
responsible for the administration of the Annuity Plan and their
decisions are final. The Plan's fiscal year ends December 31st.
|