BenefitTabs

  • Basic Rules

    • To withdraw any money from your individual account you must be retired according to the Plan's Rules.
    • You must begin the retirement process at least 3 months prior to your desired retirement date and provide all of the required documentation to the Trust Office.
    • All contributions must have been reported to the Plan. You will receive a form from the Trust Office which must be notarized.
    • You must apply for retirement through both the Individual Account and Retirement Plan.
     
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    You must be:

     
  • Normal Retirement

    • Vested in one or more of your subaccounts in this plan
    • At least age 65
    • Have ceased working for any contributing employer
     
  • Early Retirement

    • Vested in one or more of your subaccounts in this plan
    • At least age 55 and less than age 65
    • Have ceased working
     
  • Disability Retirement

    • Vested in or more of your subaccounts in this plan under the three- or five-year vesting rule
    • Under age 65
    • Satisfy the activity test (at least 750 covered hours in this plan or in combination with a reciprocal plan during the three calendar years immediately preceding the date of your disability)
    • Your injury or disease must render you incapable of performing any and every duty pertinent to your occupation as a carpenter. After receiving benefits for 24 months, you must be incapable of working in any gainful occupation for which you are fitted by training, experience and abilities in order to continue receiving disability benefits.
    • Be totally and permanently disabled according to the definition of the Plan
    • Be retired according to the definition of the Plan