VOL. 1, No. 1	DECATUR, ILLINOIS	April, 2003

IMPORTANT NOTICE TO PARTICIPANTS

Section 204(h) of the Employee Retirement Income Security Act of 1974 and ERISA regulation Section 2520.104b-3 requires the Board of Trustees to notify you of certain changes in the Pension Plan Document.

After much discussion and deliberation, and based upon the advice of the Fund Actuary, the Board of Trustees took action on March 18, 2003 to lower the rate at which future benefits accrue under the pension plan (the new rate will become effective June 1, 2003). The Trustees felt this change was necessary and prudent in order to maintain the long-term solvency of the Pension Trust Fund and to ensure that all our pensions remain soundly funded in light of the recent extended market downturn.

Please keep this Notice with your current Summary Plan Description for future reference. If you have questions after reading this Notice, please contact the Fund Office.

Decrease in Future Benefit Accrual Rate for Active Participants

If you are currently an active participant in the plan, the formula used to determine your monthly accrued benefit under
the plan is:

• $2.00 per year of service for period June 1, 1961 to June 1, 1971, or the 10 year period prior to your Union’s participation date, if later; plus,
• 4.35% of the employer contributions (assuming you worked 870 hours in Plan Year Ending 5/31/98), made on your behalf after the later of June 1, 1971 or your Union’s participation date.
• Additionally, if you worked one or more hours during the plan year ended May 31, 1999, your employer contributions as of that date are generally increased by 10% for purposes of calculating your pension benefits.

Effective June 1, 2003, the monthly benefit for a participant who retires on or after that date is the sum of the following:

• $2.00 per year of service for period June 1, 1961 to June 1, 1971, or the 10 year period prior to the participant’s Union’s participation date, if later; plus,
• 4.35% of the employer contributions (assuming you worked 870 hours in Plan Year Ending 5/31/98), made on your behalf after the later of June 1, 1971 or your Union’s participation date.
• 3.0% of the employer contributions made on the participant’s behalf after the later of June 1, 2003 or his Union’s participation date.
• Additionally, if you worked one or more hours during the plan year ended May 31, 1999, your employer contributions as of that date are generally increased by 10% for purposes of calculating your pension benefits.

Important: This change does not affect any of the benefits that you will have earned under this plan through May 31, 2003.

No Change for Retired and Deferred Vested Participants

Participants who retired, became disabled or terminated while vested under the Plan prior to June 1, 2003 and do not return to work under the Plan after June 1, 2003 will not be affected by this plan change.

Example of How Benefit Change Affects Active Participants

The following example will illustrate how this change will affect the benefits that you will be earning under the plan in the future. For this example, we will assume that you have earned $2,000.00 in monthly pension benefits under the plan through May 31, 2003 and are working 1,200 hours in each plan year at a pension contribution rate of $3.00 per hour.

Benefit before Change Benefit after Change Benefit earned prior to May 1, 2003  $2,000.00 $2,000.00 Benefit earned - 6/1/03 - 5/31/04 $156.60 (1,200 hrs x $3.00 x.0435) $108.00 (1,200 hrs x $3.00 x.03) Benefit earned each year after 6/1/04 $156.60 $108.00

Retired and Deferred Vested Participants Returning to Work

Retired, disabled and deferred vested participants who return to work after June 1, 2003, will have any additional benefits earned during the period of reemployment determined under the new formula (i.e. 3.0% of contributions). Any questions regarding benefits to be earned during a period of reemployment should be directed to the Fund Office.

Board of Trustees
April 11, 2003