Special Service Plan D Schedule for Active Participants

 NOTE: In general, eligibility to a Special Service Plan D Pension requires a minimum of 30 years of contributory credit, continuity of employment under an approved type of contract, a minimum average hourly contribution rate in the years leading up to retirement and a fixed amount of hours at a particular hourly contribution rate. Please refer to the Rules and Regulations for a complete explanation of these eligibility requirements.

Table 11

Effective for Retirements on and after October 1, 2002

(For Active Participants Who DO NOT MEET Credit and Rate Requirements as of July 31, 2005 )

Age 30 Credits 31 Credits 32 Credits 33 Credits 34 Credits 35 Credits 36 Credits 37 Credits 38 and Over Credits
57  $3,500 $3,650 $3,800 $3,950 $4,100 $4,250 $4,400 $4,550 $4,700
58 3,500 3,650 3,800 3,950 4,100 4,250 4,400 4,550 4,700
59 3,500 3,650 3,800 3,950 4,100 4,250 4,400 4,550 4,700
60 3,750 3,900 4,050 4,200 4,350 4,500 4,650 4,700 4,700
61 3,850 4,000 4,150 4,300 4,450 4,600 4,700 4,700 4,700
62 3,950 4,100 4,250 4,400 4,550 4,700 4,700 4,700 4,700
63 4,050 4,200 4,350 4,500 4,650 4,700 4,700 4,700 4,700
64 4,150 4,300 4,450 4,600 4,700 4,700 4,700 4,700 4,700
65 and older 4,250 4,400 4,550 4,700 4,700 4,700 4,700 4,700 4,700

(For Active Participants Who Meet Credit and Rate Requirements as of July 31, 2005 )

Age 30 Credits 31 Credits 32 Credits 33 Credits 34 Credits 35 Credits 36 Credits 37 Credits 38 and Over Credits
57 and under $3,500 $3,650 $3,800 $3,950 $4,100 $4,250 $4,400 $4,550 $4,700
58 3,500 3,650 3,800 3,950 4,100 4,250 4,400 4,550 4,700
59 3,500 3,650 3,800 3,950 4,100 4,250 4,400 4,550 4,700
60 3,750 3,900 4,050 4,200 4,350 4,500 4,650 4,700 4,700
61 3,850 4,000 4,150 4,300 4,450 4,600 4,700 4,700 4,700
62 3,950 4,100 4,250 4,400 4,550 4,700 4,700 4,700 4,700
63 4,050 4,200 4,350 4,500 4,650 4,700 4,700 4,700 4,700
64 4,150 4,300 4,450 4,600 4,700 4,700 4,700 4,700 4,700
65 and older 4,250 4,400 4,550 4,700 4,700 4,700 4,700 4,700 4,700

Eligibility Requirements Include:

 

 

 

 

 

(1) eligibility for Plan A1 Special Service Benefits,

 

 

 

 

 

(2) A minimum of 600 hours of service at $4.46 or above,

 

 

 

 

 

 

 

(3) working under a contract with minimum rate sequence of . $4.31 -- $4.46 -- $4.66 -- $4.86 -- $5.06 -- $5.26, and

 

(4) satisfy the following minimum 5-year average contributory rate requirement.


Retirement Year 2015 2016 2017 2018 2019
Minimum 5 Year Average Rate $8.09 $8.90 $9.79 $10.77 $11.85

The-5 year average of Contribution rates include 5 consecutive calendar years in which a member earns pension credit

 

 

Return to Table Selection


United We Stand

2005 New England Teamsters & Trucking Industry Pension Fund
1 Wall Street, Burlington MA, 01803-4768

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