mike33
Veteran
- Nov 7, 2007
- 2,252
- 1,128
Educate yourself: From the IAM NPF website
You are only partially correct..that website doesn't tell the whole story...you have to log in to see the rest:
If you return to work after you have retired and
while you are receiving a pension from the National
Pension Plan, your pension may be suspended,
depending upon your age and the type of work you
are doing. If you have reached normal retirement age, your
pension benefits will be suspended for any month
in which:
– You work 40 or more hours in any industry and
geographical area which was covered by the
Plan when you retired, and
– Your employment is in any trade or craft in
which you worked at any time under the Plan
after your contribution date, which is generally
the date on which a contributing employer first
became obligated to make contributions to
the Plan (or a prior plan) on your behalf.
If you have not reached normal retirement age,
you cannot receive pension benefits and work for a
contributing employer or for any other employer –
including self-employment – in the same or related
business or industry from which you retired, regardless
of the number of hours worked or the geographical
area in which you worked. Further, you may not work
in any employment that would be disqualifying
employment at normal retirement age.
Your pension benefits will not be suspended after
you have reached the date at which benefits must
be paid automatically – generally, the later of the
April 1st following the year during which you retire
or the April 1st following the year during which you
reach age 701/2. (See When Benefits Are Paid
Automatically on page 35.)
What Happens If You Return to Work After You Retire?
If you are thinking about accepting any employment
after you retire, please contact the Fund office
to get a ruling on that employment. You can also
download a “Ruling on Employment†form from the
Plan’s website at www.iamnpf.org. You are required
to report all employment to the Fund office within
30 days of the start of such employment.
The Trustees may require you to periodically provide
information about your employment status.
Disability pensioners are required to report any
employment to the Fund office within 15 days of
returning to work. Failure to make a timely report
of employment may result in disqualification of
benefits for six months.
h34r:
