Alaska Teamster-Employer
Welfare and Pension Trusts
Pension BenefitTabs™
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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.
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If you have less than 1,000 Contributory Hours (excluding Recaptured Hours) after June 30, 1997, click here. -
Age
52 and less than 65 -
Service & Other Requirements
- 10,000 Rule of 80/85 Surcharge Contributory Hours (excluding Recaptured Hours), including 1,000 Contributory Hours in 2 Plan Years preceding when you meet the required age and service qualifications; and
- Age plus Contributory Years of Service totals at least 85.
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Basic Benefit
Accrued Monthly Normal Retirement Benefit, actuarially reduced from age 60 (no reduction if age 60 or older). See Reduction Factor Table. -
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