Easily Access your Vacation Pay - OE Federeal Credit Union

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OPERATING ENGINEERS
TRUST FUNDS

Pension Plan

Pension Plan Benefit Summaries

  • Type Preretirement Survivor Annuity Lump Sum Benefit
    Age Any age at death with Surviving Spouse, and not retired Any age at death
    Service & Other Requirements
    1. Vested; and
    2. Married at least 12 months prior to death
    		 Active Participant with no Permanent Break in Employment
    Basic Benefit 50% of the amount you would have received had you terminated employment on your date of death, survived to age 45, and retired under the 50% Joint and Survivor Annuity Option. Benefits begin no earlier than your earliest retirement date (age 45), or the month following your date of death, if later.

    See also:
    120 Month Guarantee to beneficiary or Surviving Spouse, if unmarried or married less than 12 months at time of death, or elected by Surviving Spouse in lieu of Preretirement Survivor Annuity.

    		 Lump sum payment of $250 for each Pension Credit (minimum $1,000; maximum $2,500)
    View Plan Summary Preretirement Survivor Annuity Lump Sum Death Benefit