Alaska Teamster-Employer
Welfare and Pension Trusts
Pension BenefitTabs™
-
Note: The following benefit summary reflects changes effective July 1, 2011 under the Rehabilitation Plan. Click here for details on limited “Grandfathering” of pre-Rehabilitation Plan Early Retirement benefits.
If you have less than 1,000 Contributory Hours (excluding Recaptured Hours) after June 30, 1997, click here.
-
Reduced / Unreduced Retirement
Type Minimum Early Retirement Age 52 and less than 65 Service & Other Requirements Vested 60,000 Contributory Hours or 30 years of Contributory Years of Service Note: Benefits earned prior to July 1, 1990 will be determined under the Prior Plan unless 10,000 Contributory Hours or 5 years of Contributory Years of Service were earned after 6/30/90.* *excluding Recaptured Hours/Service
Basic Benefit Accrued Monthly Normal Retirement Benefit actuarially reduced from age 65. See Reduction Factor Table 1 Accrued Monthly Normal Retirement Benefit actuarially reduced from age 63 (no reduction if age 63 or older). See Reduction Factor Table 2 -
Forms of PaymentMore Information
- Straight Life Annuity
- Five-Year Certain Life Annuity
- Joint Annuity
Reduction Factors All forms of payment except the Straight Life Annuity are actuarially reduced. Change of Form/Joint Annuitant
-
Conditions Which May Result In Loss of Some or All Benefits