Northwest Carpenters Individual Account Pension Plan

Normal Retirement 

To be eligible for normal retirement you must be:

  • Vested in one or more of your subaccounts in this plan;
  • Age 65 or older; and
  • No longer working for a contributing employer.

Your retirement date is the first of any month following your 65th birthday and satisfaction of the eligibility requirements.
For additional information about normal retirement eligibility, please see Article 1.18, Article 2.8, and Article 4.5.

Key Point

Under no circumstances can you postpone your retirement past your “required beginning date.” At the publication of this booklet, your required beginning date is April 1 of the calendar year immediately following the calendar year in which you attain age 72. If you are still working at that time, the Milliman Benefits Service Center will automatically send you the appropriate election forms. You will be required to receive a certain minimum annual distribution from the plan even if you wish to postpone retirement beyond that age. For additional information about this rule, please see Article 4.5(b).

Last Updated: 04/25/2023