Pension Plan (2003)Full Document 

Start of Preview
                   CURTISS-WRIGHT ELECTRO-MECHANICAL DIVISION
                                  PENSION PLAN




                                 Effective as of
                                October 29, 2002












                                TABLE OF CONTENTS



                                                                                 
INTRODUCTION............................................................................1

SECTION 1 - DEFINITIONS.................................................................3

SECTION 2 - ELIGIBILITY FOR RETIREMENT.................................................14

SECTION 3 - ELIGIBILITY AND EMPLOYEE CONTRIBUTIONS.....................................15

SECTION 4 - NORMAL RETIREMENT PENSION..................................................17

SECTION 5 - EARLY RETIREMENT PENSION...................................................21

SECTION 6 - VESTED PENSION.............................................................23

SECTION 7 - REFUNDS OF EMPLOYEE CONTRIBUTIONS..........................................25

SECTION 8 - SURVIVING SPOUSE BENEFIT FOR DEATH BEFORE RETIREMENT.......................26

SECTION 9 - SURVIVING SPOUSE BENEFIT FOR CERTAIN VESTED EMPLOYEES......................28

SECTION 10 - FORM OF PENSION PAYMENTS..................................................30

SECTION 11 - DESIGNATION OF BENEFICIARY................................................37

SECTION 12 - ADMINISTRATION............................................................38

SECTION 13 - FUNDING...................................................................44

SECTION 14 - ACQUISITIONS, SALES, AND OTHER DISPOSITIONS...............................45

SECTION 15 - TRANSFERRED EMPLOYEES.....................................................47

SECTION 16 - SUSPENSION OF BENEFITS AND REEMPLOYMENT...................................49

SECTION 17 - MISCELLANEOUS.............................................................51

SECTION 18 - AMENDMENT AND TERMINATION.................................................53

SECTION 19 - FLAT RATE METHOD FOR 1994.................................................55

APPENDIX A - TOP HEAVY PROVISIONS......................................................58

APPENDIX B - SECTION 415 LIMITATIONS...................................................61

APPENDIX C - HISTORICAL FORMULAS.......................................................64

APPENDIX D - PARTICIPATING EMPLOYERS...................................................72














                                                                               1


                   CURTISS-WRIGHT ELECTRO-MECHANICAL DIVISION
                                  PENSION PLAN

                                  INTRODUCTION

This Curtiss-Wright Electro-Mechanical Division Pension Plan ("the Plan") is
effective as of October 29, 2002 ("the Effective Date"). It has been established
to provide retirement benefits for eligible employees of the Curtiss-Wright
Electro-Mechanical Corporation ("EMD"), a wholly owned subsidiary of
Curtiss-Wright Flow Control Corporation ("CWFC"), a wholly owned subsidiary of
Curtiss-Wright Corporation.

CWFC acquired the operations that comprise EMD from Westinghouse Government
Services Company LLC. ("WGSC"), a subsidiary of Washington Group International,
Inc. ("WGI"), in a transaction that was effective as of the Effective Date.

Prior to the acquisition of EMD by CWFC, eligible employees at EMD participated
in the Westinghouse Government Services Group Pension Plan ("the Predecessor
Plan"), a pension plan maintained by WGSC and qualified under section 401(a) of

End of Preview