Pension

Local 727 Pension Fund

What are the eligibility requirements and the earliest age I can receive a pension?

If you have earned 5 years of vesting service after March 1, 1998 and are 65 years old, you are eligible to receive a vested pension. Prior to 1998, you must have earned 10 years of vesting service.

If you have 15 pension credits and are over the age of 55, you are eligible to receive a vested pension.

If you have 30 or more pension credits, you are eligible to receive a pension at any age.

If you have reached age 65 and have 15 or more pension credits, you are eligible to receive a regular pension.

If you have reached age 55 while in covered employment and have earned 15 pension credits, you are eligible to receive an early retirement pension.

How long is the application process?

It can take up to 90 days to process a pension application.  In some cases, the pension application process can take up to 180 days.

What documents do I need to submit with my pension application?

You must submit a completed pension application along with the following documents:

  • original or certified copy of your birth certificate
  • an original or certified copy of your spouse’s birth certificate and marriage certificate (if married)
  • an original or certified death certificate (if widowed)
  • divorce decree (if either you or your spouse were previously divorced)

Can I get a lump sum payout? Or rollover my pension benefit?

To be eligible for a rollover distribution your benefit must be paid in the form of a lump sum. The Plan allows for a one-time lump sum distribution if the actuarial present value of the benefit payable over your lifetime is less than $5,000.00.

How do I get a pension application?

You can print a pension application here or call the fund office at 773-685-0340.

Please note, pension applications cannot be faxed or emailed. Pension applications must be delivered in person to the fund office or mailed with the required original documents enclosed. If mailed, required original documents will be returned to the sender’s address.

Who do I contact with questions regarding my pension?

You can contact the fund office at 773-685-0340.

CNPDU Pension Fund

What are the eligibility requirements to receive a pension?

If you have earned 5 years of vesting service after January 1, 1999 and are 58 years old, you are eligible to receive a vested pension. Prior to 1999, you must have earned 10 years of vesting service.

If you are actively employed in covered employment and have earned at least 30 pension credits, you are eligible to receive an early retirement pension at any age.

If you have attained age 58 while in covered employment, you can retire with a Normal Pension.

How long is the application process?

It can take up to 90 days to process a pension application.  In some cases, the pension application process can take up to 180 days.

What documents do I need to submit with my pension application?

You must submit a completed pension application along with the following documents:

  • original or certified copy of your birth certificate
  • an original or certified copy of your spouse’s birth certificate and marriage certificate (if married)
  • an original or certified death certificate (if widowed)
  • divorce decree (if either you or your spouse were previously divorced)

Can I get a lump sum payout? Or rollover my pension benefit?

To be eligible for a rollover distribution your benefit must be paid in the form of a lump sum. The Plan allows for a one-time lump sum distribution if the actuarial present value of the benefit payable over your lifetime is less than $5,000.00.

How do I get a pension application?

You can print a pension application here or call the fund office at 773-685-0340.

Please note, pension applications cannot be faxed or emailed. Pension applications must be delivered in person to the fund office or mailed with the required original documents enclosed. If mailed, required original documents will be returned to the sender’s address.

Who do I contact with questions regarding my pension?

You can contact the fund office at 773-685-0340.

Soft Drink Industry Pension Fund

What are the eligibility requirements to receive a pension?

If you have earned 5 years of vesting service after January 1, 1999 and are 55 years old, you are eligible to receive a vested pension. Prior to 1999, you must have earned 10 years of vesting service.

If your benefit is governed by the Rehabilitation Plan and your benefits are determined under the Standard Plus Schedule:

  • and you have 20 or more pension credits at age 60 while you were in covered employment, you are eligible to receive a regular pension; or
  • before January 1, 2009, you have 20 or more pension credits at age 45 while you were in covered employment, you are eligible to receive a regular pension; or
  • before January 1, 2009, you have 15 or more pension credits at age 55 while you were in covered employment, you are eligible to receive a regular pension.

If your benefit is governed by the Rehabilitation Plan and your benefits are determined under the Standard Plus Schedule and you have 20 or more pension credits at age 57 while you were in covered employment, you are eligible to receive an early retirement pension.

How long is the application process?

It can take up to 90 days to process a pension application.  In some cases, the pension application process can take up to 180 days.

What documents do I need to submit with my pension application?

You must submit a completed pension application along with the following documents:

  • original or certified copy of your birth certificate
  • an original or certified copy of your spouse’s birth certificate and marriage certificate (if married)
  • an original or certified death certificate (if widowed)
  • divorce decree (if either you or your spouse were previously divorced)

Can I get a lump sum payout? Or rollover my pension benefit?

To be eligible for a rollover distribution your benefit must be paid in the form of a lump sum. The Plan allows for a one-time lump sum distribution if the actuarial present value of the benefit payable over your lifetime is less than $5,000.00.

How do I get a pension application?

You can print a pension application here or call the fund office at 773-685-0340.

Please note, pension applications cannot be faxed or emailed. Pension applications must be delivered in person to the fund office or mailed with the required original documents enclosed. If mailed, required original documents will be returned to the sender’s address.

Who do I contact with questions regarding my pension?

You can contact the fund office at 773-685-0340.