Heavy and General Construction Laborers Union Local 472 Severance Fund

The Severance Fund has been created and established for the purpose of providing Severance benefit for eligible employees in order to provide certain financial protection for such employees upon Severance, termination of employment or in the event of their death, for their beneficiaries. Severance benefits of $576,561 were paid during 2023 to (8) retired participants and (1) beneficiary. As of 12/31/23 there were (14) active participants, (1) deceased participant whose beneficiary is entitled to receive benefits, (6) retired participants receiving benefits and (2) retired or separated participants entitled to future benefits.