YOUR PENSION PLAN

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Plan Overview

Learn about your pension benefits.

NormalEarly RetirementDeferredDisability
Worker StatusActive Local 26 MemberActive Local 26 MemberTerminated Local 26 MemberTotally and Permantly Disabled
Age Requirement>= 62 Years of Age or "Rule of 85"> = 55 Years of Age and < 62 Years of AgeRefer to Normal/Early Retirement Typen/a
Vesting Requirement5 Years15 Yearsrefer to Normal/Early Retirement Type5 Years
Benefit Payment Options60 Months Guaranteed Benefit
Joint & Survivor 80% Benefit Qualified Optional Survivor Annuity 75%
60 Months Guaranteed Benefit
Joint & Survivor 80% Benefit Qualified Optional Survivor Annuity 75%
60 Months Guaranteed Benefit
Joint & Survivor 80% Benefit Qualified Optional Survivor Annuity 75%
60 Months Guaranteed Benefit
Joint & Survivor 80% Benefit Qualified Optional Survivor Annuity 75%
Benefit Calculation Subject to Past Benefit Rates?NOYESYESNO
Bonus Credits Available for Delayed RetirementYESNONONO
Benefit Rate Subject to Calculation Reduction?NOYESrefer to Normal/Early Retirement TypeNO
Lump Sum Bonus EligibleYES with 15 Years VestingNONOYES with No Vesting Requirement
Lump Sum Bonus Benefit$2,500 n/an/a$1,500
Hardship Loans/WithdrawalsNONONONO
Death BenefitPre-Retirement: YES
Post-Retirement: Balance of Payment Plan
Pre-Retirement: YES
Post-Retirement: Balance of Payment Plan
Pre-Retirement: YES
Post-Retirement: Balance of Payment Plan
Pre-Retirement: YES
Post-Retirement: Balance of Payment Plan
Current Benefit Rates for Retirements After August 1, 2021:
"A" Journeyman Monthly Benefit Rate$95.00/pension credit$95.00/pension creditRate Effective at Termination Date$95.00/pension credit
Residential Wireman Monthly Benefit Rate$29.00/pension credit$29.00/pension creditRate Effective at Termination Date$29.00/pension credit
Teledata Monthly Benefit Rate$29.00/pension credit$29.00/pension creditRate Effective at Termination Date$29.00/pension credit
Past Monthly Benefit Ratesrefer to SPD/SMMsrefer to SPD/SMMsrefer to SPD/SMMsrefer to SPD/SMMs