Pension Credit Report
Please frequently review your Pension Credit Report for your Pension Credits and the amount of your Estimated Monthly Pension. Contact the Fund Office for your Report.

Full Retirement
A retired vested participant may take an unreduced pension starting at age 60.

Early Retirement
A retired vested participant may retire the earliest at age 58 with a 2% permanent reduction for each year early.  

Rule of 95
A vested participant can retire with an unreduced pension before age 60 if when you take the number of pension credits you have earned plus your age, and it equals 95 or greater.   
Example: 37 pension credits + 58 years old = 95.

Disability Pension
A vested Participant who becomes totally and permanently disabled is eligible to receive upon proper application his/her monthly unreduced pension benefit, provided the Participant meets all the Plan’s disability requirements. Call the Fund office or see the SPD for a list of requirements.

Working After Retirement
You may work up to 39 hours a month after you retire, providing it is for a Local 130, U.A. contributing contractor; however, if you work outside the established limits, your monthly pension benefit will be suspended until your 65th birthday. After attaining age 65 and before the IRS established Required Minimum Distribution age you may still work up to 39 hours a month in the plumbing trade, but it does not need to be for a Local 130, U.A. contributing contractor.  At the time you apply for your pension you will be furnished with a copy of an Important Notice to Participant Regarding Suspension of Pension Benefits, or you may call the Fund Office at any time to receive a copy.

Joint & Survivor Benefit Payment Options For Married Participants
If you should die at any time after becoming vested, regardless of your age, your qualified surviving spouse, upon proper application will immediately receive 75% of your unreduced pension as a monthly survivor’s benefit for life.  A spouse is qualified to receive the survivor benefit if married to you for not less than one year before you go into pay status, or before your death if not in pay status.
When you make application, you will choose one of 3 options:
50% Joint and Survivor Option:
Upon your death, 50% of your unreduced pension is paid to your Surviving Spouse. The payment to your Surviving Spouse is made for a long as your spouse lives.
75% or 100% Joint and Survivor Option:
Upon your death, 75% or 100% of your actuarial reduced pension is paid to your Surviving Spouse. The payment to your Surviving Spouse is made for a long as your spouse lives.

Unmarried Participants - 60-Month Guarantee
Pre-Retirement:
60-Monthly payments are guaranteed to be paid to a beneficiary(ies) for a pre-retirement benefit upon the Death of a participant.
Post-Retirement:
If the unmarried pensioner dies before receiving 60 monthly pension payments, the balance of the 60 months of pension payments will be paid to the pensioner’s beneficiary(ies).

Retirement Benefits Begin
You will be eligible to receive a monthly benefit effective the month after you last worked provided you meet the requirements established by the Plan and your application is made within 2 months of your last day; otherwise your benefit is effective the month after proper application is completed.

Processing Of an Application
Your application cannot be processed until all forms are received, you have completed your last day of work and your employer has submitted your final hours.

First Check
Your pension will begin after your application is approved by the Trustees at their regular monthly meeting.

Pension Benefit Check
Your pension benefit will be Direct Deposited to your checking/savings account the first business day of each month.