Age Requirements

Age 65
See also:  Postponed Pension Benefit

Service and Other Requirements

1. Vested; or
2. 5th anniversary of Employee Contribution Date and not an Inactive Employee
   
   See also:    Pro-rata Pension

Monthly Normal Pension

Sum of:

1. $6.00 times Credited Past Service (maximum 15 years); plus
2. Benefit Unit from Table times Credited Future Service earned prior to 7/1/1982; plus
3. For future service contributions on or after 7/1/1982, contributions times the accrual factor for each period shown below:

Forms of Payment

If married:

1. Automatic 50% Joint and Survivor Pension*
2. Single Life Annuity with 60 payments guaranteed
3. 66-2/3%, 75% or 100% Joint and Survivor Pension*
   
   *contingent beneficiary must be spouse with or without Pop-up Benefit

If unmarried:

Single Life Annuity with 60 payments guaranteed

Reduction Factors
All forms of payment except the Single Life Annuity are actuarially reduced.

See also Special 50% Joint and Survivor Pension Option for unmarried Participants with Domestic Partner.

Conditions Which May Result In Loss of Some or All Benefits

Completion of Grace Periods can Affect Pre-7/1/82 Normal Retirement Benefit Accruals
Forfeiting of Benefit Rights Due to Inactivity Prior to Becoming Vested
Suspension of Benefits

View Plan Rules