YOUR PENSION PLAN

Home » Pension Plan » Plan Overview

Scroll chart to the right to view more.

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:
"A" Journeyman Monthly Benefit Rate$90.00/pension credit$90.00/pension creditRate Effective at Termination Date$90.00/pension credit
Residential Wireman Monthly Benefit Rate$24.00/pension credit$24.00/pension creditRate Effective at Termination Date$24.00/pension credit
Teledata Monthly Benefit Rate$24.00/pension credit$24.00/pension creditRate Effective at Termination Date$24.00/pension credit
Past Monthly Benefit Ratesrefer to SPD/SMMsrefer to SPD/SMMsrefer to SPD/SMMsrefer to SPD/SMMs