The IBEW Local 701 Pension Fund is a Defined Benefit Plan providing a
monthly benefit to members who meet age and eligibility requirements, and
who file an application with the Fund Office.
You are eligible to earn Pension Credits and
Vesting Service when you
are a participant in the Pension Plan. Generally, you become a participant in the Plan on
the earliest January 1 or July 1 after:
-
You complete a 12-month period as an employee, and
-
You accumulate at least 500 hours of work during that time.
For example, if you started work on April 1, 1993 and completed 500
hours of work before April 1, 1994, you became a Plan participant on July 1, 1994.
For a more complete
description of everything covered here, including
rules applicable to prior periods, consult your Summary Plan Description
booklet
Click on any of the links below to get more
information.
Pension Types
Vesting Service
Normal Retirement Age
Reciprocal Agreements
Summary
Plan Description *
Summary Plan
Description Updates
Forms
News and Other
Updates
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