Contributions will be transferred to the extent that the Trustees of the West Virginia Laborers' Trust Fund, the West Virginia Laborers' Pension Trust Fund, and/or the West Virginia Laborers' Profit Sharing Plan Fund (“West Virginia Laborers Fund(s)”) have executed agreements with the above mentioned Home Fund(s) permitting the transfer of requested contributions.
I understand and acknowledge that the West Virginia Laborers Fund(s) transferring said employer contributions shall have no liability or responsibility to provide any benefits to me related to the employer contributions being transferred, and that the West Virginia Laborers Fund(s)’s liability and responsibility is limited to the transfer of employer contributions collected on my behalf as provided by the applicable reciprocal agreement. I further understand that the West Virginia Laborers Fund(s)will act solely as the agent of the noted Home Fund(s) and as such, I shall be subject to the eligibility rules of said Home Fund(s) upon the transfer of contributions. My Home Fund(s) shall have no responsibility or obligation to recover employer contributions owed to the West Virginia Laborers Fund(s) and shall provide benefits to me based on the employer contributions actually transferred and the governing plan documents.
I hereby release (on behalf of myself as well as on behalf of anyone claiming through me) and further discharge the respective Boards of Trustees of my Home Fund and the West Virginia Laborers Fund(s) from any and all claims, demands, actions, causes of actions or suits with respect to any contributions transferred pursuant to this election and for any benefits or credits which would have accrued or become payable to me had I not authorized this transfer of contributions, and from any claim that the transfer of the employer contributions subject to this election is not in my or my beneficiaries’ best interest.