In the event that a retiree makes himself available for work under the referral procedures of I.B.E.W. Local 25, such Plan Participant, in order to maintain his Fund coverage, must pay to the Fund during the two months following each Benefit Coverage Period to make up the difference between his total clock hours worked in covered employment and 700 clock hours or a number of clock hours worked as determined by the Trustees at the rate of 50% of the Journeyman’s average Fund contribution rate, as set forth in the Local 25 Inside Construction Collective Bargaining Agreement.

Working Retirees

In the event that a retiree becomes employed in reciprocal employment whereby he is eligible to continue to receive his I.B.E.W. Local 25 Retirement Benefits, such Plan Participant, in order to maintain his Fund coverage, must pay to the Fund during the two months following each Benefit Coverage Period to make up the difference between his total clock hours, which will be determined by dividing the reciprocal contributions received on the employee’s behalf by the average Journeyman’s contribution rate required under the Local 25 Inside Construction Collective Bargaining Agreement, and 700 clock hours or a number of clock hours worked as determined by the Trustees at the rate of 100% of the Journeyman’s average Fund contribution rate, as set forth in the Local 25 Inside Construction Collective Bargaining Agreement.