UA Local 447 Pipe Trades Trust Funds

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Pension DB Plan Document

Home > Defined Benefit Pension Plan Document > Exclusive Benefits Of Participants

1.2 Exclusive Benefit of Participants

The Pension Plan has been created for the exclusive benefit of the Participants and their Beneficiaries. It is the intent of the Trustees that this Trust Fund satisfy those provisions of the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 which relate to, or determine, the qualification under such Code or Act of Employees' Trusts in general and this Trust Fund in particular.