Monday, April 28, 2025

Frequently Asked Questions

Health Care

Q. Who are my eligible dependents?
A.
  • Your lawful spouse
  • Your natural children up to age 26
  • Your legally adopted children up to age 26
  • Your step-children up to age 26
  • Child for whom you have been appointed legal guardian by court for length of guardianship or to age 26, whichever occurs first
Q.When do I become eligible for benefits?
A. Employer contributions will be credited towards your dollar bank account. You will become eligible for benefits on the first day of the second calendar month after your dollar bank account has at least $975 ($950 + $25 (subsidy for initial eligibility)). For example, you will become eligible March 1 if you are hired in October, work during the three month period of October through December, and have contributions of at least $975 made on your behalf by the end of January.
Q.How do I maintain my monthly health care coverage?
A.You must have $950 employer contributions or in your dollar bank each month to continue healthcare coverage.
More...


Pension

Q. How do I contact the Pension Fund Office?
A.

Ohio Carpenters' Pension Fund

6100 Oak Tree Blvd. #190

Independence, OH 44131

(855) 837-3528 Toll Free
(216)539-3221 Fax

 

SW Ohio Carpenters Pension Fund

6100 Oak Tree Blvd. #190

Independence, OH 44131

(855) 837-3528 Toll Free
(216)539-3221 Fax

Q. What happens if I become disabled before I retire?
A. Contact the Fund office immediately. Do not wait for a determination from the Social Security Administration.
Q. What happens if I die before I retire?
A. Your accrued deaths benefits will be paid to the named beneficiary providing you have not forfeited any benefits due to a break in service.
More...


Annuity

Q. May I borrow or withdraw money from my account while I am working?
A.No, there are no loans or hardships permitted by the Fund.
Q. May I withdraw only a portion of my account balance and leave the rest?
A. For active members, you must clear your account when requesting a distribution of your annuity. However, retired members may withdraw any amount of their choosing, leaving the remainder in their account.
Q. Who will receive my annuity account if I should die before collecting it?
A. You do need to keep your beneficiary card current. For example: Following a divorce, beneficiary designations are automatically revoked, if your ex-spouse was your designee.              
More...