WELCOME TO THE ALASKA TEAMSTER-EMPLOYER PENSION PLAN. The principal purpose of the Alaska Teamster-Employer Pension Plan (“Plan”) is to provide retirement benefits to eligible Participants. In certain circumstances, disability benefits and death benefits are also provided. This handbook is the Summary Plan Description (“SPD”) for the Alaska Teamster-Employer Pension Plan. This SPD explains: How your benefit is calculated; When you can retire; The forms of payment provided under the Plan; How to apply for benefits; and The restrictions and administrative procedures that apply. This SPD also explains the conditions that may result in a loss of participation and benefits, and the conditions that must be met for reinstatement of participation and benefits. The SPD applies to retirements after June 30, 2006. If you retired before that date, you should consult prior SPDs, summaries of Plan modifications, and the Trust Customer Service Office. This SPD summarizes and simplifies the Plan document provisions. In the event the provisions of the SPD do not cover your situation, or if any term or provision in the SPD is unclear, ambiguous or conflicts with the Plan, the provisions of the Plan document will govern. The Board of Trustees is the Plan Administrator. As Plan Administrator, the Board of Trustees and its Administrative Committees have the sole and exclusive discretionary authority to administer and interpret the Plan and all administrative and trust documents, including making all factual and equitable determinations, deciding all claims for coverage, eligibility, participation and benefits, and determining Plan termination, partial termination, discontinuance of Contributions, Qualified Domestic Relations Orders, and Alternate Payee status and benefits. Any such determination shall be conclusive and binding on all parties having dealings with the Plan. If you have any questions about the information in this SPD, or if you want to know how a specific Plan provision applies to you, write or call the Trust Customer Service Office. A Plan representative will be glad to answer your questions. The Trust Customer Service Office is the only party authorized by the Board of Trustees to answer questions about the Plan. No Trustee, Employer, Employer Association, or Labor Organization, nor their employees or representatives, have any authority in this regard. Trust Customer Service Office 520 East 34th Avenue, Suite 107 Anchorage, AK 99503-4116 (907) 565-8300 (800) 478-4450 toll free Fax: (907) 565-8338 Email: benefits@959trusts.com Website: www.959trusts.com