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PENSION FUND
PENSION FUND
Important Documents & Notices
Summary Plan Description
The SPD summarizes the key provisions of the Plan and includes important information about your benefits from the Plan.
Annual Funding Notice (AFN)
The Annual Funding Notice informs pension plan participants about the financial status of the pension plan.
PENSION FUND
Frequently Asked Questions
Complete a Change of Address Form. You may print and complete the form, or you may contact the Fund Office and a form will be mailed to you. You may also complete the form online through the MemberXG portal. Information on how to access the portal can be found here.
Complete a Change of Name Form. You may print and complete the form, or you may contact the Fund Office and a form will be mailed to you.
To apply for your pension, you will need to request an Application for Benefits from the Fund Office. You should apply for your pension at least 90 days prior to your retirement date. Please complete the forms and mail along with any noted required documentation to the Fund Office.
To change the account to which your pension payment will be Directly Deposited, complete a Direct Deposit Authorization Form or Medicare Premium Reimbursement Direct Deposit Form and return it to the Fund Office.
If you should ever wish to change your account, we will need at least 30 days advance notice.
To change the amount of Federal Income Tax withheld from your pension payment, complete a W4-P Federal Tax Withholding Form and return it to the Fund Office.
There are two types of benefits that may be payable if you pass away prior to receiving benefits from the Plan: a Survivor Pension or a Spouse Pension.
- • Survivor Pension applies if you pass away within two years of when you last worked in Covered Employment. The Survivor Pension is payable to your surviving Spouse and is payable monthly, beginning with the first day of the month after your death, and will continue for the lifetime of your Spouse. In addition, after your Spouse's death (or if you are not married, at the time of your death), the Survivor Pension is divided equally among your surviving dependent children. The amount of this Survivor Pension generally is equal to 50% of your full Normal Pension, calculated as if you had retired on your date of death. However, if your Spouse is more than 5 years younger than you, the amount will be further reduced because of the longer expected payment period.
- • Spouse Pension applies if you pass away more than 2 years after you last worked in Covered Employment. The Spouse Pension is payable monthly to your surviving Spouse, beginning with the first day of the month after your death or, if later, the first day of the month after the date you would have attained age 55. This benefit will be payable to your Spouse for their lifetime. No benefit is payable if you are not married at the time of your death. The amount of the Spouse Pension is the same as the pension that would have been payable to your spouse, had you retired under the 50% Joint and Survivor Pension on the day of death or when you would have been age 55, whichever is later. The 50% Joint and Survivor Pension automatically considers your age, had you survived, and your Spouse's age at the time benefits commence to your Spouse.
Your pension credits or benefits can be divided as a result of a divorce. However, before the Pension Fund can pay a portion of your benefits to another individual, we must receive a Qualified Domestic Relations Order. This is a court order, which requires the Pension Fund to pay a portion of your benefits to either an ex-spouse, or the clerk of courts for child support. If you divorce, you must contact the Fund Office to ensure your benefits are paid properly. A copy of the Fund’s procedures for handling QDROs will be provided to you, free of charge, upon request. If you have questions about QDROs, please contact the Fund Office.
If you have any questions about your eligibility, benefits or claims, contact the Fund Office at (847) 827-1029.