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Defined BENEFIT Pension Plan
BenefitTabs

BenefitTabs

Age Requirements

Any age


Service and Other Requirements

  1. Active Participant (if not, see Inactive Vested Participant Death Benefits); and
  2. 10 years of Total Credited Service (15,000 Hours) including 2 years Credited Future Service (3,000 Hours), or 5 Years of Vesting Service, or attained Normal Retirement Date

See also:
Pro-rata Pension


Basic Benefit

  1. 50% of Normal Pension, payable in priority order as follows:
    1. to spouse, if any, for life; then
    2. payment divided equally among dependent children, if any, until last child attains age 21; then
    3. remainder of 120 monthly payments to designated beneficiary (or, if none, the Plan-determined beneficiary)
  2. In lieu of (1), if you are married and eligible for unreduced Early Retirement (or, if under age 55, you meet the requirements of Section 3.2(b)) at death, your surviving spouse will receive the 100% Joint and Survivor benefit calculated on the date of death.  This spouse-only benefit is payable for life; following your spouse's death, the monthly amount will be made in priority order as follows:
    1. payment divided equally among dependent children, if any, until last child attains age 21; then
    2. remainder of 120 monthly payments to designated beneficiary (or, if none, the Plan-determined beneficiary)

View Plan Rules