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The Sprinkler Industry Supplemental Pension Plan provides you with retirement benefits that supplement the retirement benefits provided by the National Automatic Sprinkler Industry (NASI) Pension Plan. This Plan is intended to be a retirement plan, not a savings plan or an account that can be used to supplement current income or meet financial needs during your working lifetime (such as financial needs associated with the purchase of a home, medical treatment or education).
This Plan is an individual account pension plan. This means that your benefit is determined by an Individual Account in your name. Your benefit is based solely on the amount of money in your Individual Account when it is paid to you at retirement, disability or separation from employment, or when it is paid to your beneficiary on your death.
This booklet summarizes the benefits of the Plan and how the Plan works. You may also wish to read the official text of the Plan which is also contained in this booklet.