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Introduction
The
ABC-NABET Retirement Trust Fund is maintained according to the collective
bargaining agreements between ABC, Inc. (the "Company") and the National
Association of Broadcast Employees and Technicians-CWA, AFL-CIO CLC (the
"Union"). The Fund is financed by Company contributions. You do not contribute
to the Plan, except on a voluntary after-tax basis to provide supplementary
retirement benefits.
The Fund is administered by a Board of Trustees consisting
of an equal number of representatives of the Union and the Company. Except for
reimbursement by the Fund for certain lost wages in connection with service as a
Trustee and reimbursement of reasonable expenses incurred in connection with
such service, each Trustee serves without compensation. The Fund is a separate
trust fund established for the purpose of paying the benefits provided under the
Plan. The Plan has been qualified by the Internal Revenue Service.
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