Central States Pension Fund

Plan Benefits

The Central States Pension Fund is a "defined benefit plan." Under a defined benefit plan, eligible participants receive a benefit at retirement. The benefit is calculated by a set formula, based on your contribution level, your age and your length of participation in the Fund.

To become a participant of the Pension Fund you need either 20 weeks or 75 days or 600 hours of employer contributions submitted to the Fund on your behalf in a 12-month period.

In general, once you have participated in the Pension Fund for five years you are a Vested Participant and have earned the right to receive a monthly benefit upon retirement at age 65. If you left the Fund before 1999 you need 10 years.

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FAQs

Once I retire and apply for benefits, how will I receive my first payment?

Your first benefit payment will be mailed to your home address. You will continue to receive your benefit by check until you have enrolled in our Electronic Fund Transfer (EFT) program. Within 60 days of enrolling, your pension benefit will automatically be deposited into the account you designated. To enroll in the EFT program, complete the sign-up form

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