You are eligible for a normal retirement pension when you have met the following requirements:

           you have reached age 62, and 

          you have earned 5 or more years of Pension Credits. 

You may retire and begin receiving a normal pension on or after your “normal retirement date” – the first day of the month following the date you meet both the age and service requirement.

 Pension Amount 

The amount of your monthly normal retirement pension is based on: 

          Your Service Credits and Benefit Units.         

          The benefit levels in effect at the time you left Covered Employment 

The amount of the normal retirement pension payable under the Plan has increased over the years. If you would like full history of the benefits in effect at various dates you can get one from the Fund Office. 

Starting in December 1998, the monthly amount of Normal Retirement Pension, payable as a Life Only Pension, is: 

          $37.00 for each year of Service Credit accrued as of November 30, 1975 

PLUS 

$4.80 for each Benefit Unit accrued after December 1, 1975