General

I worked part of career in another jurisdiction. Why don't these hours show on my benefit statement?

My retirement date is the first of the month. When will I receive my first check?

I signed up for direct deposit but my check was mailed to me. Why?

How does the plan invest assets?

ANSWER: Hours worked in another reciprocal jurisdiction can be used to help a participant vest. However, each plan makes a separation benefit determination.

ANSWER: The first retirement check is mailed on the 25th of the month. Subsequent checks are mailed or direct deposited on the first of the month. For example, if a participant retired effective June 1, his or her first check would be mailed on June 25th. The July check would be mailed on July 1st.

ANSWER: Establishing direct deposit with a bank or savings and loan takes two months. The first month is a "trial run" to verify that all account information provided by the retiree and the bank was correct and that this information was processed correctly by the Trust. When the Trust receives confirmation that all banking information is correct, the direct deposit is made on the first of the following month. Direct deposits are always made on the first working day of the month.

ANSWER: The assets of the Carpenters Retirement Trust and the Carpenters Individual Account Pension Trust are invested together in a combined Trust which was valued at just over $1.2 billion as of December 31, 2005. The Carpenters Retirement Plan accounts for approximately $915 million of the total and the Carpenters Individual Account Plan accounts for approximately $286 million. The chart below outlines the present asset allocation for the Trust as of December 31, 2005.