How to Receive a Pension

To be eligible to receive a pension you must be a Participant covered by this Plan, must have worked for one or more Participating Employers for a certain number of years and must meet certain age requirements.

The amount of your pension will depend on the rate of contributions your Participating Employer(s) made on your behalf and the number of years you have been in the Plan and the benefit accrual rate.

The monthly benefit continues for life and, if a spousal benefit option is chosen, for the life of the member’s surviving spouse. However, there are exceptions to this. Please refer to the Benefit Exceptions section for details.

Benefits are insured by the Pension Benefit Guaranty Corporation, (PBGC), a federal corporation headed by the secretaries of labor, treasury and commerce with the aim of protecting the pensions of privately defined pension plans.