Pension

OTHER INFORMATION

RECIPROCAL AGREEMENTS

Local 213 has entered into reciprocal agreements with other IBEW Local Unions and Building Trades. Pension contributions from other Locals, when transferred into this Plan, will be credited on a pro-rated basis.

NON-ASSIGNMENT

No benefits or rights under this Plan can be assigned or alienated in any way, and no pensions can be surrendered or commuted during the lifetime of the member.


INFORMATION TO MEMBERS

Provided the latest address is filed with the Pension office, a statement of benefits is issued every year to members, outlining the member’s pensionable service up to the end of the previous calendar year, as well as the dollar amount of the pension which had been earned for that pensionable service up to the date of this statement, which is payable at age 65.