Thursday, July 7, 2022

Frequently Asked Pension Questions


Q.

How do I become a Participant in the Plan?

A.

You become a Participant in the Plan on the earliest December 1st or June 1st immediately following the date on which you complete 400 hours of work in Covered Employment with the 12-month period beginning with you employment commencement date.

Q.

I am going through a divorce, what happens to my pension?

A.

This would depend on whether or not a Qualified Domestic Relations Order has assigned a portion of your pension benefit to your former spouse as an alternate payee.

Q.

Does the Pension Plan affect Social Security benefits in any way?

A.

No, having a pension does not affect your Social Security Benefits.

Q.

Can pensions be paid or assigned or garnered to others?

A.

Pension can be assigned under a Qualified Domestic Relations Order (QDRO).

Q.

If benefits are denied, may a retiree or beneficiary appeal?

A.

Yes, if you application for a pension benefit is partially or wholly denied, you will receive notice from the Board of Trustees with your appeal right.

Q.

How far in advance should I request an application for retirement?

A.

You should request an application for retirement at least 60 days in advance of your desired retirement date.

Q.

In addition to the application for retirement, what other documents do I have to submit to the Fund office?

A.

You will need to submit a photo copy of your birth certificate, and spouse birth certificate, marriage license, divorce decree or spouse death certificate whichever are applicable.

Q.

I am currently receiving a monthly pension benefit from the Plan and would like to change the tax withholding. What needs to be done?

A.

You will need to contact the Benefit Office for a W4-P tax withholding certificate.

Q.

I am currently receiving a monthly pension benefit from the Plan and would like to change the bank account information. How do I change this information?

A.

You will need to contact the Benefit Office for a direct deposit form.

Q.

I am currently receiving a monthly pension benefit from the Plan, what happens if I do not receive my check?

A.

If you do not receive your monthly pension benefit by 10 days after the issue date, contact the Benefit Office for a replacement.

Q.

I recently moved, how do I change my address?

A.

Contact the Benefit Office and a representative will assist you with this change.

Q.

Whom should I contact if I'm getting a divorce and what documents do I need to submit?

A.

You will need to contact the Benefit Office and submit a copy of your divorce decree along with any separation agreement that maybe attahced to the decree.