Application Guide

Pension Fund - Technical Engineering Division

First Check

You will receive your first check after your application is approved by the Trustees. It will include any retroactive amounts due to you. Your pension check will be paid on the first day of each month and can be direct deposited to your account from the Tech Pension Fund Office

Direct Deposit

We encourage Electronic Direct Deposit. You may request a form anytime after you have received your first payment.

Working after Retirement

The Pension Plan requires that pension benefits payable to a Participant be suspended if the Participant becomes employed or self-employed in the technical engineering trade after the Participant starts receiving benefits.

For more information concerning suspention of benefits, please refer to the Suspention of Benefits Notice available from the Fund Office

Spousal Benefits

If you are married at the time you go into Pension pay status, there are certain monthly benefits for your eligible Surviving Spouse after your death. See your Summary Plan description for details.

Medical Benefits & Life Insurance

Review these benefits with the Fund Office of the Welfare Fund – Technical Engineering Division, Local 130, U.A. by contacting the Fund Office or e-mail Martha Aguirre at maguirre@plumberslu130ua.com.

Union Dues & Burial Expense

Contact the Local Union 130, U.A. office at (312) 421-1010

Changes

Direct all address, telephone and election form changes to the Tech Pension Fund Office or e-mail Martha Aguirre at maguirre@plumberslu130ua.com.

Pension Amount

A Pension Credit Report detailing what you have accrued can be obtained by calling the Tech Pension Fund Office. Please review your Pension Credit Report and contact the Tech Pension Fund Office if you believe that there are any errors in the report.

Plan Year

The Plan year begins on May 1 and ends on April 30.

Source of Contributions

Contributions to the Plan have been made by Employers in accordance with their Collective Bargaining Agreement with Local Union 130, U.A.

Retirement Benefits Begin

If vested, you will be eligible to receive a monthly benefit the month after you last worked provided proper application is promptly made.

Full Retirement

You may take an unreduced pension at age 62.

Early Retirement

You may take a reduced pension after attaining age 58 with a reduction for each month of early retirement. (Maximum 48 months early retirement.)

Processing of an Application

Your application cannot be processed until after all forms are received and you have completed your last day of work.

Important Notice: This website provides only a brief explanation of the Pension Fund – Technical Engineering Division, Local 130, U.A. and is not a summary plan description. If there are any inconsistencies between this explanation and the Plan document, the Plan document shall control. Also, please refer to the Summary Plan Description for additional information about the benefits available and procedures of the Pension Fund – Technical Engineering Division, Local 130, U.A. or contact the Tech Pension Fund Office .