P E N S I O N
Your Pension Plan At A Glance
Benefits Are Determined
v Using a formula taking into account your service and the plan’s base retirement pension.
When You Can Retire
v Normal retirement — age 60 with at least five credited years of service.
v Early retirement — 57 with at least five credited years of service.
v Late retirement — any time after normal retirement if you have at least five credited years of service.
v Vested terminated retirement — if you leave your employer and have at least five credited years of service.
v Disability retirement — if you become totally disabled and have at least five credited years of service.
If You Leave Before Retirement
v If you leave after five credited years of service, you will have a guaranteed — or vested — right to a benefit at retirement.
If You Die Before Retirement
v If you die before retirement and you have five credited years of service, your surviving spouse or beneficiary will be entitled to a monthly benefit.
Cost
v The contributing employers pay the full cost of the Plan. You don’t pay anything to participate.
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