LogoColorSmall
49 Auto Way
Pittsburgh, PA 15206
(412)362-4200
(800)362-4201
FUND
ORGANIZATION

About the Fund
Fund Location
Trustees
Consultants
Investment Mgrs

CURRENT
INFORMATION

Multiemployer Pension Reform
  Act of 2014 (MPRA)
2010 Rehabilitation Plan
Pension Protection
  Act of 2006 (PPA)
Benefit Changes
Amendments to
  Pension Plan
Summary Annual Report/Annual Funding Notice

FORMS ONLINE

SUMMARY PLAN
DESCRIPTION

Introduction
Important Information
Your ERISA Rights
Table of Contents
Revisions


Home

 


Summary Plan Description

Summary Of Benefits Provided By The Pension Plan

The Plan, through the provisions of the governing documents, provides you with the following benefits if you meet the eligibility requirements:

Normal Retirement Benefit at age 60, but not earlier than (1) the completion of 10 Years of Participation in the Plan since your last Break-in-Service Date; or if you are not covered under a collective bargaining agreement not earlier than the completion of 5 Years of Participation since your last Break-in-Service Date; or (2) if you earned service on or after January 1, 1997, the completion of 5 Years of Participation since your last Break-in- Service Date; or (3) if you earned service on or after January 1, 1999, the completion of 3 Years of Participation since your last Break-in-Service Date. See the Section entitled "Normal Retirement" at page 22.

Early Retirement Benefit as early as age 55 when you have earned at least 15 Years of Credited Service, of which at least 5 years are Future Credited Service (contributory service). See the Section entitled "Early Retirement" at page 24.

25-And-Out Retirement Benefit (Accrued Benefit) at any age, if you earn 25 continuous (without a Break-in-Service) years of Future Credited Service (contributory service). See the Section entitled "25-And-Out Retirement Benefit (Accrued Benefit)" at page 25.

25-And-Out Monthly $1,500, $2,000 or $2,500 Retirement Benefit at any age, if you earn 25 continuous (without a Break-in-Service) years of Future Credited Service (contributory service), of which at least 20 of the 25 years, and 3 of the 6 years, immediately prior to attaining eligibility for the Benefit, require contributions at the highest National Master Freight Level contribution rate schedule, and at certain specified required weekly contribution rates. See the Sections entitled "$1,500 Monthly 25-And-Out Retirement Benefit" at page 26, and "$2,000 Monthly 25-And-Out Retirement Benefit" at page 29.

The Trustees instituted a $2,500 Monthly 25-And-Out Benefit effective April 1, 2000. Click here for eligibility and other details for the Benefit.

30-And-Out Retirement Benefit (Accrued Benefit) at any age, if you earn 30 continuous (without a Break-in-Service) years of Future Credited Service (contributory service). See the Section entitled "30-And-Out Retirement Benefit (Accrued Benefit)" at page 31.

30-And-Out Monthly $2,000, $2,500, $3,000 or $3,500 Retirement Benefit at any age (must attain age 55 for $3,500 Retirement Benefit), if you earn 30 continuous (without a Break-in-Service) years of Future Credited Service (contributory service), of which at least 25 of the 30 years, and 5 of the 8 years, immediately prior to attaining eligibility for the Benefit, require contributions at the highest National Master Freight Level contribution rate schedule, and at certain specified required weekly contribution rates. See the Sections entitled "$2,000 Monthly 30-And-Out Retirement Benefit" at page 32, "$2,500 Monthly 30-And-Out Retirement Benefit" at page 34, "$3,000 Monthly 30-And-Out Retirement Benefit" at page 35, and "$3,500 Monthly 30-And-Out Retirement Benefit" at page 37.

Vested (Future) Retirement Benefit if you leave the Plan: (1) after you have earned at least 10 Years of Participation since your last Break-in-Service Date; or if you are not covered under a collective bargaining agreement, if you leave the Plan after you have earned at least 5 Years of Participation since your last Break-in-Service date; or (2) after you have earned at least 5 Years of Participation since your last Break-in-Service date, if you earned service after January 1, 1997; or (3) after you have earned at least 3 Years of Participation since your last Break-in-Service date, if you earned service after January 1, 1999. See the Section entitled "Vested Retirement" at page 38.

Disability Retirement Benefit if you become totally and permanently disabled as determined by the Social Security Administration, at any age, when you have earned at least 10 Years of Credited Service, of which at least 5 years are Future Credited Service (contributory service). See the Section entitled "Disability Retirement" at page 38.

Qualified Survivor Benefit for your surviving spouse if you die when you are eligible for a Retirement Benefit as of the date of your death. The effective date of the payment of the Survivor Benefit to your spouse is dependent upon the Years of Participation and Credited Service you have earned. See the Section entitled "Qualified Survivor Benefit" at page 41.

Preretirement Survivor Benefit For Nonmarried Participant for your surviving designated beneficiary if you die when you are eligible for a Retirement Benefit, and not married, as of the date of your death. The effective date of the payment of the Survivor Benefit to your designated beneficiary is dependent upon the Years of Participation and Credited Service you have earned. See the Section entitled "Preretirement Survivor Benefit For Nonmarried Participant" at page 44.

Qualified Joint And Survivor Benefit for your surviving spouse if you die after retiring. Your surviving spouse will receive 50%, 75% or 100% of your monthly benefit amount, depending upon which Option you and your spouse choose prior to your retirement. If your spouse dies before you, your monthly benefit will be increased to the amount you would have received if you and your spouse had not chosen the Option. See the Sections entitled "Qualified Joint And Survivor Benefit" at page 43, and "Restoration Benefit" at page 45.

The Trustees instituted a Qualified Joint and 75% Survivor Benefit effective January 1, 2002. Click here for eligibility and other details for the Benefit.

Ten Year Certain Benefit whereby you or your designated beneficiary will receive 120 guaranteed monthly payments, and if you continue to live after the 120th payment, you will continue to receive a monthly benefit until your death. See the Section entitled "Ten Year Certain Benefit" at page 46.

Burial Benefit which is payable to the person who is responsible for your funeral expenses when you die after you retire. See the Section entitled "Burial Benefit" at page 47.

Partial (Reciprocal) Benefit if total service with this and a Related Teamsters' Pension Plan is sufficient to satisfy the eligibility requirements for a benefit provided by this Plan. See the Section entitled "Partial (Reciprocal) Pension" at page 47.

Back To Summary Plan Description Table of Contents

 

What's New

What's Happening

Forms Online

Let us know what you think:
Press here to contact us by e-mail.

 


Links to the World
(Contains Links to related, helpful and informative sites)