You must submit all required information before your application can be approved:
· Application for benefits (provided by the Fund office, Local Union or download the form)
· Proof of age document
· Registration card (provided by the Fund office or Local Union)
· Divorce decree and settlement agreement (if applicable)
· Death certificate of a spouse (if applicable)
· Job description from your employer if you intend to work, in any capacity, after retirement
· Authorization Agreement for Automatic Deposit
· Federal and State tax withholding formsBack to Top
Once your retirement benefit is approved, your benefit will begin on the first of the month after the Board of Trustees receives and approves your application for benefits and other required documents.Back to Top
Pension benefits will be mailed or deposited on the 3rd of each month. (If the 3rd of the month occurs on a Saturday, Sunday or Holiday, your benefit will be deposited on the preceding Friday).Back to Top
Pension benefits are payable for your lifetime. If you elect a joint and survivor benefit, your spouse will receive benefits for their lifetime, if you predecease him or her.Back to Top
Your benefit will be recalculated to “restore” your reduced monthly benefit to the original amount of your Normal or Early Retirement Benefit.Back to Top
The reduction is ¼ of 1% multiplied by the number of months before your 60th birthday or 3% per year.Back to Top
No increase will be made to your monthly payments because of a divorce and the person who was your spouse when your pension started will still be entitled to the benefit after your death. However, certain court orders could allow for your benefit amount to increase or decrease.Back to Top
No. A new spouse will not be allowed to receive monthly pension payments if you marry after your effective date of retirement.Back to Top
Once 30 days have elapsed since your first benefit payment, you are not allowed to change your benefit election.Back to Top
No. The monthly benefit you receive from this Fund will not be affected.Back to Top
At this time, the Plan does not provide for any cost-of-living increases.
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Yes. The IRS limits annual benefits paid from plans such as this Pension Plan, but these limits are high. In the unlikely event you are affected by these limits, you will be notified.Back to Top
Yes. Federal and state taxes apply.Back to Top
Yes. However, you must notify the Pension Fund office in writing in advance.Back to Top
You are allowed to work less than 40 hours per month in “related employment” while receiving monthly benefits. Your benefit will be suspended for any months you work 40 or more hours in “related employment.” Please contact the Fund office for specific information on what is considered “related employment.”Back to Top
If your benefit amount calculates to be less than or equal to $50.00 per month, you will be provided with lump sum payment options.Back to Top
If your application is denied you or your authorized representative must submit a written request, within 60 days after receiving the denial notice decision, to the Pension Fund office at PO Box 1587, Terre Haute, IN 47808 for a review of the denial.Back to Top
Postretirement Death Benefit: If you are receiving retirement benefits at the time of your death, your spouse or other eligible beneficiary may qualify for a postretirement death benefit. Please contact the Fund office for more information regarding death benefits.
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Eligible beneficiaries in the Pension Fund are your legal spouse, son(s), daughter(s), father, mother, brother(s), sister(s), in any combination or your estate. Please note: minor children ARE allowable beneficiaries.Back to Top
Disability retirement benefit commencing as early as age 52 (but not later than earliest retirement age) provided the following requirements are met.
Participant is unable to perform construction work due to an injury sustained on a jobsite while working under any LIUNA CBA or performing a job for which contributions are required to be made to the Fund under a participation agreement and has least 5 years of service; and Participant submits proof of accident and disabled status within 6 months of later of: (a) the accident, or (b) 6/1/2010; and Trustees find Participant is still disabled as of desired commencement date.
The monthly amount shall be the benefit that would otherwise be payable at earliest retirement age reduced by ½% per month for each month that commencement date precedes such earliest retirement age and adjusted for any optional form of payment elected.Back to Top
Please contact the Pension Fund office at 812-238-2551 or toll free at 800-962-3158.Back to Top
No. You must meet all eligibility requirements of the Pension Fund in order to be approved for disability benefits. However, eligibility for Social Security disability benefits IS a requirement of eligibility for Total and Permanent Disability Benefits from the Pension Fund.Back to Top
If your application is denied you or your authorized representative must submit a written request, within 60 days after receiving the denial notice decision, to the Pension fund office at PO Box 1587, Terre Haute, IN47808 for a review of the denial.
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Total and Permanent Disability Benefits: No You cannot work, in any job for profit or pay in any occupation or employment while receiving a Total and Permanent Disability Benefit. (If your work is for rehabilitation, however, benefits may continue subject to the Board of Trustees' prior approval)
Occupational Disability Benefits: You may work while receiving this benefit. However, you cannot work in any job for profit or pay in the any capacity within the construction industry AND your gross annual income from supplemental employment cannot exceed 1 1/2 times your annualized Occupational Disability Benefit.
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