Topping Out

We know how important financial security is to you and your family. That’s what the Topping Out Fund is for: to give you income protection in case something goes wrong.

How It Works

You’re eligible to participate if your employer is required to make contributions to the Topping Out Fund on your behalf.

Your employer contributes to the Topping Out Fund for each hour you work in covered employment. Four times a year, those employer contributions are credited to your individual account. You can only access the funds in your individual account under special circumstances.

Making Withdrawals

Funds from your account become accessible when:

• You become unemployed or disabled.
• You have unreimbursed medical expenses for you or your eligible dependents (copays, hospital bills, prescription drugs, etc.).
• You permanently leave the ironworking industry.
• You die.

To make a withdrawal from your individual account, submit a Topping Out Fund Claim Form to the Fund Office.

Growing Your Balance

The amount in your individual account grows in two ways:

• Employer contributions made on your behalf
• The Fund’s investment earnings

It’s important that you only withdraw from the Topping Out Fund when absolutely necessary. The longer you wait to tap into your individual account balance, the more income protection you have.