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SIS PENSION FUND PARTICIPANT NOTICE - COVID-19
Wednesday, April 15, 2020

PARTICIPANT NOTICE  - 

(See Full Document)

Sprinkler Industry Supplemental Pension Fund

In light of this public health crisis, the Trustees have amended the SIS Pension Plan to permit participants who experience a coronavirus-related event to receive a one-time, lump sum distribution.  A Coronavirus-Related Hardship Distribution is available to any participant:

  • Who is diagnosed with the virus SARS-CoV-2 or with Coronavirus Disease 2019 (collectively referred to as COVID-19) by a test approved by the Centers for Disease Control and Prevention (CDC);
  • Whose spouse or dependent (as defined in Section 152 of the Internal Revenue Code) is diagnosed with COVID-19 by such a test; or
  • Who experiences adverse financial consequences due to COVID-19 resulting from –
  • Being quarantined;
  • Being furloughed, laid off, or having work hours reduced;
  • Being unable to work due to lack of child care;
  • A closing or reducing of hours of a business owned or operated by the participant; or
  • Other factors as determined by the Secretary of the Treasury.

To view the full COVID-19  SIS Fund announcement letter:  Click here

To access the COVID-19 SIS Fund Hardship distribution application:  Click here