• Normal Retirement


    You must be vested in this plan, age 65 or older and cease working in the building and construction industry in the geographic area covered by this plan for 40 or more hours during a calendar month or during a four- or five-week payroll period ending in a calendar month.

    Monthly Benefit

    Your monthly benefit is equal to your total accrued monthly benefit (See Earning Benefits). Your monthly benefit is reduced if you elect a joint and survivor benefit instead of a single life benefit. For details, see the joint and survivor factors for the traditional income benefit or sustainable income benefit.

    Payment Options

    You may elect one of four payment options provided under this plan. See Retirement Payment Options. You may also increase your monthly benefit under the pension enhancement option. All retirement benefits are subject to the post-retirement employment and suspension of benefits rules.