Pension > SPD > Suspension of Benefits Upon Remployment After Retirement


Reemployment in an ABC-NABET Covered Position After Retirement

If, after you retire (or after you have attained your normal retirement date), you return to work for the Company as an employee in bargaining unit employment, your retirement benefits from this Plan will be suspended if you work at least 40 or more hours in any calendar month ("Disqualifying Employment"). The Trustees will notify a retired participant of any benefit suspension during the first month during which benefits are suspended in accordance with the Plan.

You must notify the Trustees when your Disqualifying Employment has ended. If you fail to do so, the Trustees have the right to hold back benefit payments until you provide this notice.

In no event will your benefits be suspended after April 1st of the calendar year following the year in which you reach age 70½.

Your retirement benefits may be increased once you begin receiving them after the suspension for any additional service credits earned during the suspension.

For additional information pertaining to suspension of pension benefits on behalf of reemployed retirees, contact the Plan Administrator.