Government Pension Health Welfare Funds Forms for Tarrant
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FAQ
You may retire on the last day of any month after you reach age 55. Provided you have credited service after age 50, your pension benefit will be reduced, with Trustee consent, by ¼% for each month (3% per year) from your retirement date to age 60.
Under the terms of the Plan, a Participant's only entitlement to assets is the right to receive a pension upon satisfying the age and service requirement for a pension. There are no separate accounts set up for individual Participants; therefore a Participant can make no withdrawal of Employer Contributions.
$200 per month between retirement and age 60, and. $100 per month between age 60 (or your retirement date if later) and age 65.
The amount of reduction depends on both the member's age and the age of his or her Spouse at the time the pension begins. The benefit ensures that if the member dies before the Spouse, he/she will receive 60% or 100% of the amount of pension the member was receiving for the remainder of his/her lifetime.
The UFCW Consolidated Pension Fund is located in Atlanta, Georgia and provides Pension benefits for eligible Union employees across the United States. The Pension Fund covers 23 Local Unions across 17 states, 29 contributing employers, 223,423 participants, 47,453 retired pensioners. LEARN MORE.
A pension benefit based on his new block of service is computed separately, and is added to the member's vested pension benefit. Thus, the member's pension, payable at attainment of age sixty-five (65) will be $13.50 plus $90.00 for a total of $103.50 per month.