Summary Plan Description (Revised January 1, 2018)

Qualifications

Retirement benefits are payable under the Carpenters Retirement Plan if you satisfy all of the following requirements:

  • You are vested in this plan;
  • You are age 55 or older; and
  • Your completed election forms and other required documents have been received by Carpenters Trusts.

Normal retirement is available to participants age 65 and older. There are also three types if early retirement for participants age 55-64. There are four income options including a monthly benefit for your life only and three monthly benefits that provide a continuing income for your spouse or qualified beneficiary if you predecease your spouse or beneficiary.