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What Types of Pensions Are Provided by the Pension Plan?
The Pension Plan provides several different kinds of pensions as follows:

A Regular Pension if:

  • You are at least age 65; and
  • You are Vested.

An Early Retirement Pension if:

  • You are age at least age 60 but not yet age 65; and
  • You are Vested.

A Disability Pension if you meet ALL of the following requirements:

  • You are unable to engage in any type of substantial gainful activity due to a medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continous period of not less than 12 months (for this purpose, a Social Security Administration disability award letter OR physician’s certification of disability on a form provided by the Fund Office will be required as proof of total disability); and
  • You apply for Social Security Administration disability benefits under Title II of the Social Security Act. (Note that, although you must apply for Social Security disability benefits, you do not need to wait for a favorable decision from the Social Security Administration to commence a Disability Pension PROVIDED THAT you obtain a physician’s certification of disability on a form provided by the Fund Office); and
  • You have 10 or more years of Pension Credit
  • You earned at least ¼ Year of Pension Credit in the calendar year in which you became disabled or during any of the immediately preceding two consecutive calendar years
  • Earned at least one Year of Pension Credit after June 1, 1975

See also the “Pension Benefits Amounts” tab.

Can I Receive More than One Type of Pension?
No. If you are eligible for more than one type of pension, you will be given a choice between the types of pension benefits for which you are eligible.

Additionally, once you have commenced benefits, you will not be allowed to change your pension type for any reason. For example, if you are eligible for both an Early Retirement Pension and a Disability Pension and you chose the Early Retirement Pension, you will not be allowed to change to a Disability Pension after benefits have commenced. A second example, if you commence benefits under an Early Pension and subsequently become disabled, you will not be allowed to change to a Disability Pension.

 

 
 

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