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Building Service 32BJ Supplemental Retirement Savings Plan (SRSP) DEFERRAL/INVESTMENT ELECTION 1-800-752-2697 Use this form to make employee contributions and investment choices under the Plan. You.

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You can retire and commence your pension benefits as early as age 55 (age 62 for participants in the 32BJ/Broadway League Pension Fund) if you have the required Service Credit under your plan. However, your pension may be reduced for each month you retire prior to age 65.

The minimum retirement age for service retirement for most members is 50 years with five years of service credit. The more service credit you have, the higher your retirement benefits will be.

Single and retire at age 65 on a Regular Pension of $1,323. If you die after receiving 16 monthly payments, the remaining 20 payments will be made to your beneficiary. If you live long enough to receive the 36 guaranteed monthly payments, you will continue to receive monthly payments for your lifetime.

When can I retire? Most plans provide that you can retire at 65 with an unreduced pension benefit. However, depending on your number of years of pension service, you may be able to retire as early as 55.

The maximum regular pension for Program A is $1,400 per month.

You generally must start taking withdrawals from your traditional IRA, SEP IRA, SIMPLE IRA, and retirement plan accounts when you reach age 72 (73 if you reach age 72 after Dec. 31, 2022).

401(K) Plan - is the feature of the 32BJ Supplemental Retirement and Savings Plan (SRSP) which allows workers to defer a portion of their pay prior to taxes being taken out.

You're not allowed to make an early withdrawal either. In short, most pensions won't let you withdraw funds until you reach retirement age. On average, that's at the age of 65.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232