Annuity Plan Flashcard

Front

What is the hourly contribution rate for an Apprentice under the Heavy Highway Agreement?

Back

$2.25

Front

What is the Tax penalty for withdrawal from the fund?

Back

10%

Front

How long does it take to get vested in the Annuity plan?

Back

1st hour

Front

What is the hourly contribution rate for a Journeyman under the Building Trades agreement?

Back

$5.75

Front

How much of your Annuity balance are you allowed to withdraw for a hardship?

Back

50%

Front

What is the hourly contribution rate for a Journeyman under the Heavy Highway agreement?

Back

$2.25

Front

Which of the following qualify as a hardship for withdrawal in the Annuity plan?
Foreclosure of your primary residence, Legal expenses, Purchase of a new vehicle, Spending Money

Back

Foreclosure of your primary residence

Front

What is the hourly contribution rate for an Apprentice under the Building Trades agreement?

Back

$2.88

Front

What is the minimum balance you must have in order to qualify for a hardship in the Annuity Plan?

Back

$2000

Front

How long does it take to get vested in the Annuity plan?

Back

1 hour