Annuity Fund Summary Plan

This summary presents the main features of the Annuity Fund. The rights and benefits of participants are determined not by this summary but by the formal legal instrument setting forth the Annuity Fund.

Summary of Material Modification

Required Minimum Distribution Age Change

As a result of the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) the Fund’s age for Required Minimum Distributions will change on January 1, 2020 from 70 ½ to 72 years old. Required Minimum Distributions and are the legally required minimum amount a Participant must withdraw from their retirement account each year after reaching age 72. The amount which must be withdrawn is established through actuarial tables. The Required Minimum Distribution is issued to a Participant on April 1st of the Calendar Year following the Calendar Year in which the Participant reaches age 72. For example, any participant who turns 72 between January 1, 2020 – December 31, 2020 will be required to take a required minimum distribution in April of the following year, i.e., April 2021.

For additional information regarding Required Minimum Distributions please consult your Summary Plan Description or contact the Fund Office.

If you have specific questions about your benefits, or the content of this Summary of Material Modifications, contact the Fund Office at (618) 998-1300. Please keep this notice with your Summary Plan Description booklet and if you have any questions regarding this change, please contact the Fund’s administrative office.