If you are planning a vacation, why not consider having your monthly benefit check electronically deposited into your bank account. There are many advantages to Direct Deposit:

• IT IS Safer - In fact, no Direct Deposit has ever been lost or stolen.
• IT IS Faster - You don't have to worry about the weather, the mail, your health, or your schedule.
• IT IS Easier - Payment is made the same time every month, which gives you more control over your finances.

You are 30 times more likely to have a problem with our paper check than with your Direct Deposit payment, according to the SSA.

SIGN UP FOR DIRECT DEPOSIT TODAY! A form is enclosed with your check or you can download the form here, http://www.ppnpf.org/docs/PPNPF_Direct_Deposit.pdf.

Generally, returning to work in the industry, or in related work, after commencing receipt of your pension benefit, will result in your benefit being stopped and other penalties being applied. Before you consider returning to work, you should first read the Summary of Plan Provisions on Suspension of Benefits Due to a Return to Work. Give special attention to the presumption of hours worked. Disability Pensioners should read the provisions on recovery from Disability.

• Summary on Suspension of Benefits - http://www.ppnpf.org/docs/Summary on Suspension of Benefits.pdf
• Summary on Recovery of Disability - http://www.ppnpf.org/docs/Summary on Recovery of Disability.pdf

This information is also available in the Plan Booklet, http://www.ppnpf.org/docs/2007%20Plan%20Booklet.pdf. See page 27 for a return to work after retirement; see page 18 for recovery from Disability. Both documents will instruct you about the notices you are required to give, the presumptions that the Fund will make, and the actions that will be taken when you return to work, unless you have been advised otherwise in a letter from the Fund office.

IRS Form 1099-R which shows the distributions you received during the year from the National Pension Fund, will be mailed on Thursday, January 31, 2008. If you do not receive your 1099-R Form, please contact us after February 17, 2008 for a copy. New Federal Taxes may change your withholdings. New W4-P Forms will be mailed with your February 2008 checks, or you can download it here http://www.ppnpf.org/docs/PPNPF_2008_W4P.pdf

A revised Plan Booklet has been published and a copy will be mailed to Plan participants by the end of the year. In the interim, you may review the Plan Booklet on-line using the following link : http://www.ppnpf.org/docs/2007 Plan Booklet.pdf