News & Changes

Annual Pension Credit Statements

In compliance with the regulations of the Pension Protection Act of 2006, the Pension Fund is sending Annual Benefit Statements to active participants and inactive vested participants via regular mail on Friday, May 3, 2013. Your Annual Benefit Statement provides the total number of hours reported by Employers who made contributions to the Pension Fund on your behalf for hours worked under the Collective Bargaining Agreement. The hours that you work in covered employment are totaled for each calendar year and used to determine the number of Pension Credit and Years of Vesting Service accrued with the Pension Fund. These Pension Credits and Years of Vesting Service will determine your Vested status and your entitlement, or future entitlement, to benefits. Pension Credits are used to calculate your monthly pension amount.

Annual Benefit Statements include a Pension Credit Worksheet which show the total number hours that have been reported on your behalf for each year. If you would like a Member Contributions Histroy report showing all hours reported by month and employer, please contact our Funds Office to request this report or go online to www.ironnj.com to YOUR BENEFITS to request a username.

As you may recall, this Funds Office has the ability to show specific benefit information via the ironnj.com web site. “Your Benefits” is a tool that affords access to benefits information, via the Web to participants of our funds. Participants are able to access benefit related information from our website at any time via the live link “Your Benefits” on the Funds website to view data directly from our database, in a secure fashion.  Hence, users can view the status of some of their benefits with up-to-date accuracy.

As a reminder participants are currently able to view the following information:

 

  • Demographic Information
  • Beneficiary
  • Pension Credits
  • Pension Payments
  • Contributions
  • Vacation check history
  • Annuity
Share this Post: