PENSION SERVICES

Planning on retiring soon? Please contact the Plan Office at least three months before your planned retirement date to complete the necessary paperwork and ensure you receive your pension payments on time.

Members are taking an interest in and planning for their retirement at an earlier age. Whether you plan on retiring within the next year, or not for many years, it is important to keep up to date with your standing in the pension plan. The best way to do that is to read your annual statement. Your annual pension statement is mailed in June every year. The statement provides you with the information we currently have on file and reflects both the funded and unfunded hours reported by your employing company for the previous year. The statement also provides you with your estimated monthly pension at age 65. Statements are generated for both active and deferred members of the plan.

Please ensure that the information reported is accurate and up to date. If any changes are required, eg. beneficiary designation, spousal status, address, please let us know. Every year, the pension plan generates annual statements for 60,000 members, but each year almost one-third of those statements are not delivered because we have no address on file for the member or they are returned because the address we have is out of date. If you have not been receiving an annual statement from us each summer, please contact us to check the address we have on file for you. Click here to download an address change card. 

Our Pension Specialists are reachable by phone, fax, email or regular mail to answer questions about the status of your pension, your options when you retire, what to do if you break service in the plan, or how a divorce can affect your pension.


 

 


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