NATIONAL ROOFING INDUSTRY PENSION PLAN

The NRIPP was established in 1966 to help Roofers and their families prepare for financial security during their retirement years. The plan provides benefits to more than 3,500 retirees and beneficiaries. About 17,000 roofing industry employees currently work under contracts covered by the NRIPP.

If your employer has agreed to participate in the plan and make contributions on your behalf and you satisfy the plan's requirements, you will be eligible for a monthly retirement check when you retire from the roofing industry.

You may participate in the plan if you work at least 500 hours in a year for a contributing employer, are doing work covered by a collective bargaining agreement or other written agreement recognized by the plan trustees, and your employer is required to contribute to the plan on your behalf.

In subsequent years, you receive plan credit if you work at least 450 hours in a year for a contributing employer. You become vested after five years.

Major benefits of the plan include:

• Monthly payments after normal retirement at age 65 (after 5 years of service).
• Early retirement payments as early as age 55 (after 15 years of service).
• Disability payments for total and permanent disability after 10 years of service.
• Death benefits to your surviving spouse.

For the past 43 years, thousands of Union Roofers and Waterproofers from across the country have looked to the National Roofing Industry Pension Fund (the "NRIPF") for their retirement income. The National Roofing Industry Pension Plan (the "NRIPP") has a history of growth and improvement to meet the retirement needs of the participants. Recently the Trustees made an important enhancement to the NRIPF by adding the National Roofing Industry Supplemental Pension Plan (the "NRISPP"), a qualified "defined contribution" plan. As an employee participant of the NRIPP you can be a part of the NRISPP as soon as your Local Union and Employers agree to contribute to the NRISPP on your behalf. This is a brief summary of the NRISPP. If you would like more information, please contact the International Union at (202) 463-7663 or the plan administrator at 1-800-595-7209.

Financial Security
One of the most important long-range goals for you and your family is to prepare for your financial security during your retirement years. For years the goal of the NRIPP has been to provide and protect your retirement benefits. The NRISPP was created to supplement your NRIPP benefit and provide you with more financial choices for your retirement.

Participation by Your Local Union
Your Local Union must do two things in order for you to be a part of the NRISPP:

• Be a participating Local Union in the NRIPP and
• Negotiate for contributions to be made by your employer to the NRISPP for you.

Benefits of the NRISPP
The NRISPP has the same goals and objectives as the NRIPP: helping you achieve a secure and comfortable retirement based upon your years of work in our industry. Employer contributions to the NRISPP for you go into your NRISPP account and are invested over your working years. The value of your account is there for you when you retire or become disabled and also for your spouse or other beneficiary if you die before retirement. Your NRISPP account is a supplement to the amount of your NRIPP monthly benefit. You can also have your NRISPP account payable in other ways besides a monthly benefit, including one lump-sum upon retirement.

NRISPP Summary
The NRISPP is technically known as a "defined contribution" or "individual account" plan. This means the benefits payable from the plan are based on the contributions to your account by employers, plus any eligible rollover contributions you make, plus investment earnings, minus any investment losses and administrative expenses.