Automobile Mechanics' Local No. 701

Union and Industry Pension Plan

 

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THE PENSION PLAN REQUIRES PARTICIPANTS TO MEET THE FOLLOWING REQUIREMENTS FOR PENSION BENEFITS:


 

Regular Pension: You are over age 62 and have at least 10 pension credits.
Early Pension: You have attained age 55 and have at least 10 pension credits.
Vested Pension: You have attained age 65 and have at least 5 vesting years of service, OR You have attained age 55 and have at least 10 pension credits or 10 vesting years of service.
Disability Pension: You are under the age of 62, have 10 pension credits, earned 1/4 pension credit within the 24 months immediately preceding the date of your disability and have been found permanently and totally disabled.


 
Pension Fund  Summary Plan Description (SPD)

 

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