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Pension Calculator. The amounts shown above are subject to research and verification upon the filing and approval of a Pension Application.
- Pension Calculator Explanation
Pension Calculator Explanation - Teamsters. Listed below is...
- Pension Benefits
The amount of your benefit is determined under plan...
- Pension Calculator Explanation
Pension Calculator Explanation - Teamsters. Listed below is a brief explanation of the Benefit options available to you: Single Life Pension with a Sixty Month Guarantee. You receive monthly payments for your lifetime, with a guarantee of 60 monthly payments.
The amount of your benefit is determined under plan calculations described in the Summary Plan Description. To learn more about your pension benefit or to ask questions about your eligibility, please call the Pension Department at 800-523-2846, option #2.
Your early retirement benefit under the Rule of 84 is calculated by multiplying your normal retirement benefit by your early retirement factor. Click here to see a partial list of early retirement factors .
Your contributory service benefit is calculated by multiplying all the basic contributions your employers pay into the Pension Trust for your covered employment in each calendar year after 1986 by the benefit percentage that applies to that year.
Your five-year average benefit is determined in four steps: Step 1— Determine your total past and future service credits (up to 33 1/3 total credits). Step 2— Calculate your five-year average rate. Step 3— Use your five-year average rate to determine your benefit factor.
Minimum Pension– A pensioner who has made at least 52 weekly contributions shall receive at least $10 per month in pension. This minimum does not apply to a pension payable as a Vested Benefit. Lump Sum In Place of Small Pension.The Trustees may fix a monthly pension level
