Saturday, January 31, 2026

Frequently Asked Pension Questions


Q.Why do I need to submit a copy of my spouse's birth certificate and marriage certificate, if we were not married during the time I worked under covered employment?
A. If you are married during the time of distribution, then your spouse is also eligible for benefits. Therefore we need the birth certificate to verify your spouse's age and use the correct factors for your calculation.
Q. How many years do I need to become vested?
A. You need 5 years of Pension Credits or 5 years of Vesting Service.
Q. Can I change my address, tax withholding, or bank information over the phone?
A. No, due to HIPPA you would need to contact the administrative office and request the appropriate forms.
Q. Does the plan allow hardship?
A. No, the plan does not allow hardship.
Q. If I am no longer working under covered employment, can I withdraw my pension?
A. No, only if you are age 55 or older.
Q. Is there another way to be eligible to withdraw my pension before age 55?
A. Yes, if you are disabled and receiving Social Security Disability benefits, then you are also eligible to apply for your benefits.
Q. What is the earliest I can retire?
A. The earliest is age 55, normal is age 63.