Choose from the following menus
to find answers to some frequently asked questions
GENERAL QUESTIONS
.
What Type of Pension Plan is the Central Pension Fund?
What is the connection between the Central Pension Fund and the International Union of Operating Engineers (IUOE)?
Does any portion of union dues go to the Central Pension Fund?
How is the Fund Administered?
Who Is The Administrator?
Who Are The Agents For Legal Service?
What Is the PBGC and What Does it Do?
How Is The Plan Funded?
What Is the Source of Contributions?
Who manages CPF's assets?
Is the Central Pension Fund Financially sound?
How often is the Fund valued?
How often is this Fund audited?
What Is The Plan Year?
Who Sponsors The Plan and Who Makes the Contributions?
What is a merged plan?
Reciprocity
PARTICIPANT QUESTIONS
.
If I do not have a right to a benefit, can I withdraw the contributions paid to this Fund on my behalf?
What happens if I cease to work as an Operating Engineer?
What happens if I stop working as an Operating Engineer and leave the industry before I am vested?
How often can I expect to receive information about my record with the Central Pension Fund?
I did not keep all of my Statements. How can I find out what my record is with the Central Pension Fund?
What should I do if my employer(s) did not report for me?
If I work in the jurisdiction of a Local Union that has its own pension plan and does not participate in the Central Pension Fund, what happens to my hours?
I worked 2000 or more hours in one year. Why didn't I receive two (2.00) years of Credited Future Service?
What happens to the contributions that are paid by my Participating Employer?
Why don't my contributions earn interest?
Why haven't I received my Statement of Fund Record?
Are you thinking about changing jobs?
What is Forfeiture of Benefits?
What is Suspension of Benefits?
What is Return to Work? (Prior To Age 70 1/2)
RETIREMENT QUESTIONS
.
Are you considering making a decision about future retirement plans?
If I am planning to retire, can I find out how much my benefit will be?
I know when I want to retire. How far in advance should I file my Application?
I want to get my first pension check as soon as possible after my last paycheck. Should I quit work at the beginning, middle or end of the month?
If I worked in the territory of locals that are not in the Central Pension Fund, must I inform the Central Pension Fund of this when I retire?
Do I have to report my benefits on my income tax form?
Must I retire at my Normal Retirement date?
May I retire and collect my benefit before age 65?
What happens if I become disabled?
Can I provide a lifetime benefit for my spouse in the event of my death after retirement?
Can my monthly benefit be deposited directly to my bank?
When are the monthly benefit checks sent?
If I do not receive my monthly check on the first of the month, should I assume it has not been mailed and call you?
I moved and notified the Postal Service of my move. Why is my check still being sent to my old address?
Is there any benefit payable to my beneficiary if I die after I retire?
If I die before I retire, is there a death benefit for my beneficiary?
What should my beneficiary do in the event of my death in order to collect benefits?
QUALIFIED DOMESTIC RELATIONS ORDERS (QDRO) QUESTIONS
.
What is a Qualified Domestic Relations Order? (QDRO)
Who is an "alternate payee"?
My spouse and I are in the process of obtaining a divorce. Can I obtain a portion of my spouse's accrued benefit under the Central Pension Fund?
What must a Qualified Domestic Relations Order under the Central Pension Fund contain?
Does the Central Pension Fund have sample language for Qualified Domestic Relations Orders?
Can I obtain a copy of the summary plan description and the procedures for Qualified Domestic Relations Orders relating to the Central Pension Fund?
What is meant by the phrase "participant's accrued benefit under the Central Pension Fund"?
How may a participant's accrued benefit be divided pursuant to a Qualified Domestic Relations Order under the Central Pension Fund if the participant has not yet commenced receiving benefits?
How may a participant's accrued benefit be divided pursuant to a Qualified Domestic Relations Order if the participant has already commenced receiving benefits under the Central Pension Fund?
How are benefits paid pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Can an alternate payee receive a lump sum payment of his or her interest in the participant's accrued benefit pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Can an alternate payee "roll over" his or her interest in the participant's accrued benefit under the Central Pension Fund pursuant to a Qualified Domestic Relations Order?
When can an alternate payee commence receiving benefits pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Can a participant who is already receiving benefits under the Central Pension Fund revoke his or her existing payment election (e.g., 50% Qualified Joint and Survivor Annuity, 66 2/3% Qualified Joint and Survivor Annuity, etc.) pursuant to a Qualified Domestic Relations Order?
What effect will a participant's death have upon an alternate payee's benefits pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Is an alternate payee eligible to receive a Qualified Pre-Retirement Survivor Annuity under the Central Pension Fund pursuant to a Qualified Domestic Relations Order?
May an alternate payee be designated as surviving spouse for purposes of a Qualified Joint and Survivor Annuity under the Central Pension Fund pursuant to a Qualified Domestic Relations Order?
May an alternate payee designate a beneficiary to receive his or her interest in the participant's accrued benefit pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Is the alternate payee entitled to receive a portion of the participant's future benefit accruals pursuant to a Qualified Domestic Relations Order under the Central Pension Fund?
Can an alternate payee receive an interest in a participant's accrued benefit under the Central Pension Fund if the participant is not vested at the time the Qualified Domestic Relations Order is entered by the court?
Will an alternate payee's benefits be increased under the Central Pension Fund if the Plan is subsequently amended to provide for such an increase?
If a participant is currently eligible to receive disability benefits under the Central Pension Fund, may an alternate payee receive a portion of such disability benefits?
What rights does an alternate payee have under the Central Pension Fund if a court enters a Qualified Domestic Relations Order on his or her behalf?
Will the Central Pension Fund review and approve a proposed Qualified Domestic Relations Order prior to its entry by a court?
GENERAL
QUESTIONS