Overview of Regulations Relating to
Types of Defined Benefit Pensions
(For a more complete description, including
rules applicable to prior periods, consult your Summary Plan Description booklet)
The Electrical Workers I.B.E.W. Local No. 701 Pension Plan provides
several types of pensions. Each type of pension also has rules regarding the optional
forms of payment that may be elected. This section describes rules applicable to employees
who retire on or after January 1, 1999.
A number of factors are taken into account in calculating the amount
of pension, such as age, marital status, number of Pension Credits you earn before the
Contribution Period, and the amount of contributions made to the Fund on your behalf
during the Contribution Period.
You can get a description of the Pension Types by clicking on it
from the list in the left column.
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