The best way to prepare for retirement is to request a Pension Status Statement and a Benefit Estimate from a Plan representatives. Your statements provide your eligibility status, earned benefit at age 65 and a projected estimated monthly benefit for you (and, if married, your spouse/co-annuitant) based on your proposed annuity starting date. For more information, refer to your Summary Plan Description (SPD).
TIP: Every pension hour you work helps your benefit grow. The more pension hours and years of covered work you have, the bigger your pension will be. Once you earn more than 25 pension credits, a higher accrual rate kicks in to affect your future benefit. Contact the Fund Office for details.