Health & Welfare and Pension Funds
of Philadelphia and Vicinity

Amount of Benefit (continued)

D. Disability Retirement Pension

The eligibility rules for the Plan's Disability Retirement Pension are described in Section III.

The Disability Retirement Pension is equal to $200.00 per month, or $100.00 per month if your last Daily Contribution Rate is $3.00 or less. The effective date for the start of disability retirement is the first day of the month of the effective date of your Social Security Disability Award or the first day of the month after you file your application for these benefits with the Fund, whichever is later.

The monthly Disability Retirement Pension is payable until the first to occur of the following:

If you remain disabled when you attain Normal Retirement Age or elect to receive an Early Retirement Pension, your Disability Retirement Pension will end and you will receive instead your Early or Normal Retirement Pension, as applicable. Such pension cannot, however, be less than $200.00 per month ($100.00 if your last Daily Contribution Rate was $3.00 or less). Your Early or Normal Retirement Pension will be based on your Benefit Service and Employer contribution rate as of the date you left Covered Employment due to disability, but will not be reduced on account of the Disability Retirement Pension that was previously payable.

E. Accrued Benefits Earned As Of December 31, 1985

In some situations, the amount of benefits you earned under the Pension Plan in effect as of December 31, 1985 might be greater than those earned under the current Plan. In determining whether this is the case, the Fund takes into the account the eligibility and service requirements of each Plan. Your benefit can never be less than the benefit earned under this prior Plan.

EXAMPLE: A member worked in Covered Employment from 1976 through 1985 and earned 10 years of Vesting Service and 8.7 years of Benefit Service. His accrued monthly benefit (without any reduction for early retirement), based upon his service and applicable Daily Contribution Rate as of December 31, 1985, was $239.25. He continued, off and on, in Covered Employment through 1990 and earned an additional three years of Vesting Service and 1.9 years of Benefit Service.

Calculating his benefit under the current Plan at age 57 and nine months, equals a monthly benefit of $352.10 reduced to $171.65 because he had not earned 20 years of Benefit Service and had not yet reached age 65. However, under the prior Plan, a member could retire age 57 with 10 years of Vesting Service with no reduction for early retirement. His benefit under the prior Plan is greater ($239.25 versus $171.65) even though service credits earned after 1985 are not taken into account.

F. Special Rules for Former Participants in Local 158 Pension Fund

If you were formerly a participant in the Teamsters Local No. 158 Pension Plan, special rules may apply to you. You should contact the Fund's Pension Office.

 Last Date Updated :  04/28/09