D.A. Townley  -  Plan Administrators Iron Workers Union Local 97 International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers 
 

pension
plan

        
 
 
 
 
     
   
 
 
 
 
 
 

Plan Participation

  1. Who is eligible to participate in the Plan?
  2. When do I become entitled to receive a pension benefit?
  3. What types of benefits does the Plan provide?

 

 
1. Who is eligible to participate in the Plan?
The contributions will be made to the Trust Fund for all Employees working under Collective Agreements between the Union and an Employer. All of these Employees will be entitled to benefits upon satisfying the eligibility requirements of any of the types of benefits provided under the Plan. In addition, any officer, agent, or representative of the Union may participate if the Union voluntarily makes contributions on their behalf.



2. When do I become entitled to receive a pension benefit?
After January 1, 1998, if you have a period of continuous Plan Membership, then you become entitled to all of your earned pension benefits in the Pension Plan. Continuous Plan membership is a period of two consecutive plan years in which you have completed at least 350 hours worked.



3. What types of benefits does the Plan provide?
There are five types of benefits provided in the Plan:

  • Normal retirement pension benefit;
  • Early retirement with reduced pension benefits;
  • Disability retirement pension benefits;
  • Pre-retirement death benefits; and
  • Benefits on termination of Membership in the Plan prior to retirement.

 

related Links
Printable Version of the Pension Plan Booklet

 
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