TABLE OF CONTENTS - IWA Forest Industry Pension Plan

Unfunded HoursUnfunded hours are hours for which no contributions are required. Ifyou did not work 1,500 hours in a year, you may be eligible to receiveadditional credit in the Plan. You receive credit for unfunded hours onlyif you have less than 1,500 contributory hours in a year.Unfunded hours may be credited for the following:Disability: If you are ill or injured, and in receipt of wage loss, weeklyindemnity or LTD benefits, you will receive credit.Layoff: If you work full-time and are laid off for more than fiveconsecutive workdays, you receive credit for 40 hours for each 5day work period. You are eligible to receive a maximum of 200hours (5 weeks) in any calendar year. However, only 200 hoursin any two-year period can be used to prevent a break in service.Permanent Closure: If you lose your job because of a permanentclosure, you are credited with 200 unfunded hours, less any layoffhours you may have already received for that year.Vacation: If you are eligible for more than five weeks of vacation ayear, you receive 40 hours of credit for each week after the fifthweek.You will receive credit for only the number of unfunded hours requiredto give you a full year of service (1,500 hours).Your employer is responsible for reporting periods you were unable towork, such as periods of disability or layoff. They are also responsiblefor reporting vacation time in excess of five weeks. If you have lessthan 1,500 covered hours in any year, you should verify that you havereceived all the unfunded hours to which you are entitled when youreceive your “Annual Statement”.RememberCheck your “Annual Statement”to make certain allhours you worked are recorded.7