You may be eligible to participate in the Plan if you are an employee of an Employer that has entered into a covered collective bargaining agreement with District Council 37 requiring contributions be made to the Plan. If you are an eligible Participant, there are two ways your Employer may have made contributions to the Plan on your behalf-on a "One-Time" basis, or your Employer may have made contributions on a "Recurring" basis, or both. A description of both types of contributions follows. The Employers required to make contributions to the Plan may change. You should contact the Plan Administrator for a current list of the designated covered titles and Employers covered by the Plan.

You may have received a "One-Time" Contribution, in which case the following applies:

As a Participant, as defined above, your service counts for purposes of calculating the amount of your benefit under the Plan. For the period between June 1, 1996 and May 31, 1997, you are entitled to an allocation of Employer contributions equal to $2.00 for each Paid Working Day (explained below) up to a maximum of $522.00. The same contribution rate applies for employees in the bargaining unit designations described in the paragraph above, with the following exceptions:

• For City University of New York White Collar and Blue Collar Employees, the Student Center Employees and the Educational Opportunity Center Employees, the period of service for which contributions are allocated is March 1, 1997 to February 28, 1998
• For Sludge Boat Titles, the period of service is December 3, 1995 to December 2, 1996.

Contributions for service after these respective service periods are payable to the extent provided under collective bargaining agreements.

You may be receiving a "Recurring" Contribution, in which case the following applies:

Certain collective bargaining agreements provide for further allocations of Employer contributions on behalf of designated covered titles in the bargaining units.

Effective March 1, 2000, employees in the following designated covered titles are entitled to allocations of Employer contributions generally equal to $1.00 for each Paid Working Day, up to a maximum of $261.00 per year, until the bargaining agreement no longer provides for such Employer contributions:

• Hospital Technicians,
• EMS and
• Supervisor Highway Repairer.

Effective January 2, 2002, employees in the following designated covered titles are entitled to allocations of Employer contributions generally equal to $3.66 for each Paid Working Day, up to a maximum of $952.26 per year, until the collective bargaining agreement no longer provides for such Employer contributions:

• Captain (Sludge Boat),
• Chief Mate,
• Second Mate,
• Mariner,
• Chief Marine Engineer (Diesel),
• First Assistant Marine Engineer (Diesel),
• Third Assistant Marine Engineer (Diesel),
• Third mate, and Marine Oiler.

Effective March 31, 2002, employees in the following designated covered titles are entitled to allocations of Employer contributions generally equal to $4.27 for each Paid Working Day, up to a maximum of $1,114.51 per year, until the bargaining agreement no longer provides for such Employer contributions:

• >Asbestos Handlers and
• Asbestos Handlers Supervisor.

Effective June 30, 2002, employees in the following designated covered titles are entitled to pro-rata daily allocation of Employer contributions, up to a maximum of $981.36 per year, until the collective bargaining agreement no longer provides for such Employer contributions:

• Highway Repairer,
• Sewage Treatment Workers and Senior Sewage Treatment Worker;
• Locksmith and Supervisor Locksmith;
• Laborers (NYC and Nassau County),
• Laborers (Outside NYC and Nassau County) and City Laborer;
• Construction Laborers and Group C Laborers.

Effective June 30, 2002, employees in designated covered Social Service Titles are entitled to allocations of Employer contributions generally equal to $1.83 for each Paid Working Day, up to a maximum of $478.00 per year, until the collective bargaining agreement no longer provides for such Employer contributions.

A Paid Working Day is measured as an ordinary working day for full-time per annum or per diem employees, seasonal employees, and school-based employees who work at the Board of Education on a 10-month or 12-month schedule. In the case of employees who work a compressed work week, a Paid Working Day is measured as the equivalent of a set of paid working hours which is equal to the daily number of hours that employees are regularly scheduled to work. For employees who work less than full time and for school-based employees who work part-time at the Board of Education, a Paid Working Day is measured as a prorated amount which is calculated against the number of hours associated with a full-time equivalent job title.

A Paid Working Day does not include: scheduled days off, paid overtime, and days in non-pay status. Scheduled days off include an employee's regular days off (such as weekends for a full-time employee working a Monday through Friday shift). In the case of school-based employees, scheduled days off do not include days that schools are closed during the school year on which an employee would otherwise be scheduled to work. Days in non-pay status include:

• time on preferred or recall lists,
• time on approved unpaid leave (including maternity/childcare, military, jury duty, family illness, union business pursuant to Executive Order 75 pending workers' compensation determination while on workers' compensation option 2, time off due to illness),
• absence without leave, unpaid suspensions, and
• unapproved leave without pay.

You may request a copy of the complete Plan by calling the Annuity Fund Plan at 212 815-1888.