Pension Plan Flashcard

Front

The Heavy Highway Pension is based on which fund?

Back

109

Front

Unreduced Early Retirement Age is?

Back

60

Front

The monthly pension multiplier is:

Back

1%.

Front

Active participation is how many hours per year?

Back

200

Front

Is the Heavy Highway Contribution to the Pension per hour?

Back

$7.55

Front

Full Retirement Age is?

Back

62

Front

In order to become vested in the Pension plan, you must have 400 hours per year of contributions for how many years?

Back

5

Front

Is the Building Trades contribution to the Pension per hour?

Back

$7.00

Front

Early Retirement can begin at what age with a penalty? Options: 50, 55, 58, 60

Back

55

Front

In order to retire you must have how many hours of active participation 12 months prior to retirement?

Back

200