Southwest carpenters annuity. Your retirement If you have reciprocal eligibility credits from the Southwest Carpenters Pension Trust, see also “Reciprocity with the Southwest Carpenters Health and Welfare Trust” on page 22 of the Summary Plan Description. At the end of 2023, the total retirement plan assets of SOUTHWEST CARPENTERS ANNUITY FUND is $708,148,164. Often when you think you’re at the end of something, you’re at the beginning of something else. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (“ERISA”). While Social Security is widely applicable across the U. Southwest Carpenters Annuity Fund participants can access their Annuity Fund account to check balances, view retirement plan activity and more. Question 1: How does the Southwest Carpenters Pension Plan accommodate changes in benefits for employees who have been affected by the COVID-19 pandemic, and what specific provisions have been implemented to maintain continuity of The WIM Plan is not going away. Pension Announcement 2021 The Board of Trustees has approved several enhancements to the Southwest Carpenters Pension Plan January 1, 2021 which may result in an increase in CFAO - Carpenters Fund Administrative OfficeVesting Overview Vesting guarantees your entitlement to future benefits from the Plan. This plan was established in 1987. If you have forgotten your old SOUTHWEST CARPENTERS ANNUITY FUND or other similar 401 (k) plan account because of various reasons including job change, you can follow the steps below to find your old 401 (k) account. This plan covers workers within the jurisdiction of the Southwest Regional Council of Carpenters, encompassing Arizona, Southern California, Colorado, Nevada, New Mexico, Utah, Wyoming, and other nearby areas as specified in collective bargaining PARTICIPANT NOTICE This Participant Notice will advise you of certain material modifications (plan changes) that have been made to the Southwest Carpenters Annuity Fund (the Plan). 75%. This plan covers workers within the jurisdiction of the Southwest Regional Council of Carpenters, encompassing Arizona, Southern California, Colorado, Nevada, New Mexico, Utah, Wyoming, and other nearby areas as specified in collective bargaining agreements. The Plan is a specialized type of tax-deferred retirement savings account to which Employers contri Southwest Carpenters Annuity Fund E: swannuity@csacbenefits. Risk Charge, depending on the version of the group annuity contract, of up to 0. Union Carpenters, Drywallers and Millwrights participate in the Southwest Carpenters Annuity when working under certain Labor Agreements in Nevada, Southern California, Arizona, Colorado, Washington, Oregon and Alaska. Once you become Vested, your eligibility for a future benefit from the Pension Plan cannot be canceled, even after you stop working in Covered Employment, however, your benefits may still be frozen if you have a Separation from Covered Employment. The WIM Plan will become part of the Southwest Plan but many of the provisions of the WIM Plan will remain largely the same. In order to receive pension benefits, you MUST Your account from the Millwright Employers Association / Millwright & Machine Erectors Money Purchase Pension Plan (“Millwright Plan”) will become part of the Southwest Carpenters Annuity Fund (“Southwest Fund”) on July 1, 2022. org F: P: (800) 293-1370 (833) 569-2433 W: swcarpentersannuity. Returns for variable annuity options are shown based on the inception date of the s Can you detail the factors influencing the Benefit Accrual Rate for participants of the Southwest Carpenters Pension Plan for the calendar years after 2021, and how might employees calculate their expected pension benefits? BOARD OF TRUSTEES, SOUTHWEST CARPENTERS ANNUITY FUND has sponsored the creation of one or more 401k plans. The Western States Carpenters Pension Plan offers a Defined Benefit Pension to qualified participants across the jurisdiction of the Western States Regional Council of Carpenters that includes Arizona, Southern California, Colorado, Nevada, New Mexico, Utah, Wyoming, Washington, Oregon and other neighboring jurisdictions by Bargaining Agreement. A Participant has the option to self-direct his or her Individual Account within a limited number of mutual CFAO - Carpenters Fund Administrative OfficeSelf-Direction of Funds The Board of Trustees directs the investment of most Individual Account balances, but the Self-Direct option was created for participants who want a little more freedom with the investment of their Annuity contributions. CFAO - Carpenters Fund Administrative OfficeIf you are eligible, your Normal Retirement Age is age 65 or your age on your fifth anniversary of participation, if you are older than age 65. A Participant has the option to self-direct his or her Individual Account within a limited number of mutual Our Union provides access to a quality family health plan, retirement, and vacation benefits to the Brothers and Sisters who help build the Western States. Top Pension Questions for Southwest Carpenters Employees These are the most frequently asked questions for Southwest Gas Holdings employees from our weekly webinars. The primary sources of retirement wealth commonly include, Deined Benefit (DB) Pension Plans (such as the Southwest Carpenters Pension Plan), Defined Contribution (DC) Plans (such as the Southwest Carpenters Annuity Fund), Social Security and personal savings. , the availability of personal savings and participation in private dated November 29, 1983; (7) The Southwest Carpenters Annuity Fund (formerly the Southern Nevada Carpenters Annuity Fund), established July 1, 1989; and any amendments, modifications, extensions, supplementations and renewals of such Agreements and the Trust Agreements and any agreements establishing other benefits The Southwest Carpenters Pension Plan provides defined benefit pensions to eligible participants. Southwest Carpenters Annuity Fund participants can access their Annuity Fund account to check balances, view retirement plan activity and more. The Southwest Carpenters Pension Plan provides defined benefit pensions to eligible participants. The Plan also provides certain death benefits to surviving spouses or, in some cases, other As of January 1, 2025, the Southwest Carpenters Pension Trust will process monthly pension payments for current retirees of the Northwest Carpenters Retirement Trust and process all retirement applications submitted after December 15, 2024. Also CFAO - Carpenters Fund Administrative OfficeSelf-Direction of Funds The Board of Trustees directs the investment of most Individual Account balances, but the Self-Direct option was created for participants who want a little more freedom with the investment of their Annuity contributions. The Board of Trustees has approved several enhancements to the Southwest Carpenters Pension Plan effective January 1, 2021 which may result in an increase in your pension benefit and Service Pension credit calculation. However, after January 1, 2023, benefits will be accrued and/or issued under the Southwest Carpenters Pension Trust. Announcements MEA Annuity Merger Announcement The Millwright Employers Association / Millwright & Machine Erectors Money Purchase Pension Plan will merge into the Southwest Carpenters Pension Plan effective July 1, 2022. These enhancements include increases to future plan benefits and retroactive increases to plan benefits for plan years of 2011 through 2020 for certain participants. Pension Announcement 2021 The Board of Trustees has approved several enhancements to the Southwest Carpenters Pension Plan January 1, 2021 which may result in an increase in Announcements MEA Annuity Merger Announcement The Millwright Employers Association / Millwright & Machine Erectors Money Purchase Pension Plan will merge into the Southwest Carpenters Pension Plan effective July 1, 2022. The Plan is defined contribution plan that is tax-qualifie by the Internal Revenue Service. . org The principal purpose of the Southwest Carpenters Pension Plan is to provide retirement benefits to members of bargaining units represented by local unions affiliated with the Southwest Regional Council of the United Brotherhood of Carpenters and Joiners of America (the “Carpenters Union”). Pension Announcement 2021 The Board of Trustees has approved several enhancements to the Southwest Carpenters Pension Plan January 1, 2021 which may result in an increase in DECEMBER 31, 2023 This is a summary of the annual report for Southwest Carpenters Annuity Fund, Employer Identification Number 88-0135694, (“Plan” 002) for the plan year beginning January 1, 2023, and ending December 31, 2023. S. Additionally, your Plan may assess a plan administrative fee that was not deducted in the returns shown. 00. A Message from the Board of Trustees of the Southwest Carpenters Annuity Fund To All Covered Employees: further amended (the “Plan”). However, you may be able to Retire before your Normal Retirement Age, if you meet certain age and service requirements as explained in the Pension FAQs section. Carpenters Southwest Administrative Corporation (CSAC) is now the plan administrator and the recordkeeper for the Southwest Fund is Empower (previously Announcements MEA Annuity Merger Announcement The Millwright Employers Association / Millwright & Machine Erectors Money Purchase Pension Plan will merge into the Southwest Carpenters Pension Plan effective July 1, 2022. This information is very important for you and should be read carefully. Apr 18, 2025 ยท The Southwest Carpenters Pension Plan is a Defined Benefit Pension covering Arizona, California, Colorado, Nevada, New Mexico and Utah under the jurisdiction of the Southwest Regional Council of Carpenters. The Board of Trustees has approved several enhancements to the Southwest Carpenters Pension Plan January 1, 2021 which may result in an increase in your pension benefit and Service Pension credit calculation. jai7 iuo4 dszfmv xjdnw 9nr xiygq ounr iagyx 7wklccs qfkovgf