Get Midwest Operating Engineers Pension Plan Mandatory Direct Deposit Form 8 2016-2024

Under the Plan, both the employer contributions required to be made on your behalf and your Vesting Service Years determine your right to a benefit and the amount of your benefit. The Plan uses your Vesting Service Years to establish your right to a benefit if you leave Covered Employment before retirement.

Hear this out loud PausePension Fund. The Midwest Operating Engineers Pension Plan is a defined benefit Plan based on a set formula, and will be paid on a monthly basis for the member's lifetime. At retirement, married participants can elect a lifetime survivor benefit for their spouse in the event the member dies.

Hear this out loud PauseFringe Benefit The Fund Office is located at 6150 Joliet Road, Countryside, IL 60525, located right next to the District 1 Union Hall. We have dedicated teams to assist members and their families with understanding and maximizing all the great benefits offered by the Local 150.

The Retiree Medical Savings Plan (RMSP) was created by the Trustees of the Midwest Operating Engineers Welfare Fund and is designed to make retiree's health care spending more manageable and flexible.

Response Management and Support Plan (RMSP)

Hear this out loud PauseThis program allows members, working beyond their MOE Normal Retirement Age, to accumulate dollars under the Worker Retention Program (WRP). These additional dollars will be paid out in monthly installments upon retirement and are in addition to your normal MOE pension benefit.

Hear this out loud PauseThe REF Plan is similar to a 401(k) but is technically a 401(a) Plan. This means that the Plan does not allow loans or hardship withdrawals. You are able to withdraw or transfer your account after you retire, or you have gone 12 consecutive months without any employer contributions.

Under the Plan, both the employer contributions required to be made on your behalf and your Vesting Service Years determine your right to a benefit and the amount of your benefit. The Plan uses your Vesting Service Years to establish your right to a benefit if you leave Covered Employment before retirement.

Hear this out loud PausePension Fund. The Midwest Operating Engineers Pension Plan is a defined benefit Plan based on a set formula, and will be paid on a monthly basis for the member's lifetime. At retirement, married participants can elect a lifetime survivor benefit for their spouse in the event the member dies.

Hear this out loud PauseFringe Benefit The Fund Office is located at 6150 Joliet Road, Countryside, IL 60525, located right next to the District 1 Union Hall. We have dedicated teams to assist members and their families with understanding and maximizing all the great benefits offered by the Local 150.

The Retiree Medical Savings Plan (RMSP) was created by the Trustees of the Midwest Operating Engineers Welfare Fund and is designed to make retiree's health care spending more manageable and flexible.

Response Management and Support Plan (RMSP)

Hear this out loud PauseThis program allows members, working beyond their MOE Normal Retirement Age, to accumulate dollars under the Worker Retention Program (WRP). These additional dollars will be paid out in monthly installments upon retirement and are in addition to your normal MOE pension benefit.

Hear this out loud PauseThe REF Plan is similar to a 401(k) but is technically a 401(a) Plan. This means that the Plan does not allow loans or hardship withdrawals. You are able to withdraw or transfer your account after you retire, or you have gone 12 consecutive months without any employer contributions.