Information Concerning the Pension Protection Act and Rehabilitation Plan

Congress enacted the Pension Protection Act of 2006 (PPA) to strengthen defined benefit plans such as the National Pension Fund. In 2008 and 2009, NPF’s actuary certified that the NPF's funded status is Critical. PPA required the NPF Trustees to adopt a Rehabilitation Plan to improve NPFs funded status over a 13-year rehabilitation period. The Rehabilitation Plan currently consists of two schedules: the Default Schedule and Alternative Schedule which make changes in benefits and adjust contributions.

The Alternative Schedule requires additional contributions but preserves more benefits. The Default Schedule does not presently require contribution increases and reduces more benefits.

This page provides ready access to communications and resource materials related to the PPA, the Rehabilitation Plan, its Schedules and other important notices and information.

Please take a moment to review the materials below. Check back often as material will be updated and revised. If you have additional questions, please feel free to contact us at info@smwnpf.org.

Please note that the information found here is for illustration purposes only and will be subject to the actual provisions or the Plan Document, the Rehabilitation Plan, its Schedules and the PPA, as amended.

Click-on Resources for Participants

Rehabilitation Plan and Funding Policy for the Sheet Metal Workers’ National Pension Fund (as amended through September 2009)

2009 Cover Letter for Schedule

2009 Alternative Schedule

2009 Default Schedule

2009 Notice of Critical Status

2009 Schedule Comparison Matrix

Notice of Reduction in Adjustable Benefits for Persons now Covered by the 2008 Default Schedule

Notice of Reduction in Adjustable Benefits for Persons whose Bargaining Parties Adopted the 2008 Alternative Schedule

Notice of Reduction in Adjustable Benefits - NPF COLA

Notice of Reduction in Adjustable Benefits for Persons whose Bargaining Parties Adopted the 2008 Default Schedule

Notice of Reduction in Adjustable Benefits for Persons for whom Employer Contributions are not currently Required to be Made

Notice of Application for an Automatic Extension of an Amortization Period to Employee Organizations (Unions), Contributing Employers, Participants, Beneficiaries, Alternate Payees and the PBGC

Supplemental Notice of Critical Status

2008 Default Schedule

2008 Alternative Schedule

2008 Notice of Critical Status with Additional Explanation

2008 Schedule Comparison Matrix

Click-on Resources for Local Unions and Employers

2009 PPA Update - Revising the Rehabilitation Plan Webinar (presentation with audio) [requires Windows Media Player]

2009 PPA Update - Revising the Rehabilitation Presentation

Get Windows Media Player here

June 2009 SMACNA Council Meeting

2009 Meeting with Local Leaders Presentation

2008 Meeting with Local Leaders Presentation

2008 Schedules under the Rehabilitation Plan and Notice of Surcharge Letter

Sample CBA Addendum - 2008 Default Schedule

Sample CBA Addendum - 2008 Alternative Schedule

Notice to Contributing Employers Concerning Schedule Adoption

2008 Rehabilitation Plan Schedule Adoption

2008 Schedules under the Sheet Metal Workers’ National Pension Fund’s Rehabilitation Plan and Notice of Automatic Surcharge

SMACNA Letter of Understanding on Schedule Adoption

Government Websites for Pension Protection Act

Department of Labor

Internal Revenue Service