HII Ingalls Shipbuilding Inc. Hourly Employees ... - Benefits Connect
HII Ingalls Shipbuilding Inc. Hourly Employees ... - Benefits Connect
HII Ingalls Shipbuilding Inc. Hourly Employees ... - Benefits Connect
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<strong>HII</strong> <strong>Ingalls</strong> <strong>Shipbuilding</strong> <strong>Inc</strong>. <strong>Hourly</strong> <strong>Employees</strong>’ Retirement Plan<br />
Summary Plan Description<br />
March 2011<br />
If You Die Before Benefit Payments Begin .................................................................... 27<br />
Married Participants ..................................................................................................... 27<br />
Unmarried Participants ................................................................................................. 28<br />
If You Die After Payments Begin: Supplemental Post-Retirement Death Benefit ........ 29<br />
Eligibility ...................................................................................................................... 29<br />
Benefit Amount ............................................................................................................ 29<br />
Payment Options ........................................................................................................... 30<br />
Spousal Consent.......................................................................................................... 30<br />
Forms of Payment ........................................................................................................ 30<br />
Refund of Your After-Tax Contributions ......................................................................... 35<br />
Tax Considerations........................................................................................................ 36<br />
Maximum <strong>Benefits</strong> for Tax Purposes ............................................................................. 36<br />
When You Pay Taxes ................................................................................................... 36<br />
General Plan Information ............................................................................................... 37<br />
Facility of Payment ....................................................................................................... 37<br />
Payment of <strong>Benefits</strong> to Alternate Payees ...................................................................... 37<br />
Top Heavy Rules ......................................................................................................... 37<br />
Loss of <strong>Benefits</strong> ........................................................................................................... 37<br />
Your ERISA Rights....................................................................................................... 38<br />
Prudent Actions by Plan Fiduciaries .............................................................................. 38<br />
Enforcing Your ERISA Rights ....................................................................................... 39<br />
Assistance with Your Questions .................................................................................... 39<br />
Discretionary Authority of Plan Administrator ................................................................. 40<br />
<strong>Inc</strong>orrect Payment of <strong>Benefits</strong> ....................................................................................... 40<br />
Claims and Appeals Processes .................................................................................... 40<br />
Pension Benefit Guaranty Corporation (PBGC) ............................................................. 42<br />
Funding and Plan Assets .............................................................................................. 42<br />
About this Guide and the Plan Documents .................................................................... 42<br />
Future of the Program .................................................................................................. 44<br />
Contact Information ...................................................................................................... 44<br />
13048086v.6<br />
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