You can receive benefits immediately if you become totally and permanently disabled. If you leave employment due to disability on or after age 50, you will receive your full retirement benefit. If you leave employment due to disability prior to age 50, your benefit will be reduced for the extra cost of early commencement.
In general, if you are single when your pension payments begin, your benefit is paid monthly for your lifetime. If you die within 5 years after your pension begins, your Beneficiary will receive the benefits until 5 years of payments have been paid. If you are married when your pension payments begin, your pension will […]
You can receive your benefits without any reduction for the extra cost of starting your benefit early if you retire after age 55 and have at least 10 Years of Vesting Service. If you have at least 10 Years of Vesting Service but terminate before age 55, you may choose to begin your benefit early […]
If you retire under this Plan at or after 65 with at least 5 years of participation in the Plan or a Prior Plan, you will receive a monthly pension equal to $150 for each Year of Benefit Service you earn (but not less than the Prior Plan Accrued Benefit you have already earned). For […]