Health
& We
lfare
and Pension Funds
of Philadelphia and Vicinity
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Re-employment of Retired Employee If you retire under the Pension Plan and then return to employment in the industry, and work in excess of a specified number of hours in a calendar month, your benefits will be suspended. The term "employment in the industry" means employment in a trade or craft and, in some circumstances, in the same geographic area covered by the Plan (including, if you are receiving a reciprocal pension, the areas covered by the Reciprocal Agreements entered into with other Plans) as when your pension began. If you are not in retirement in a calendar month, your pension benefit will be suspended for the third succeeding calendar month. Different rules apply depending on whether you are receiving Early or Normal Retirement benefits. You should contact the Plan Administrator to determine which set of rules apply to you. When you return to retirement, benefits will be resumed at the level that was applicable when you went on retirement the first time. If you were overpaid because you engaged in suspendible employment, 25% of your monthly benefit will be withheld until the overpayment is recouped. Moreover, if you return to employment with an Employer who makes contributions on your behalf, you may be entitled to a recalculation of benefits. You will be entitled to a recalculation of benefits if you return to employment after the first retirement and your new Employer makes contributions on your behalf for a period that is as long as the period for which you were on retirement. Thus, if you were on retirement for two years, you must return to employment for at least two years with a Contributing Employer in order for your benefits to be recalculated. The period of retirement and the period of contribution will be measured with a month of contribution being a month in which contributions for at least 83 1/3 hours have been made on your behalf. Although benefits may be recalculated, your benefit election (that is, single life, joint and surviving 50%, etc.) will not change unless you have returned to Covered Employment for the greater of the time you were receiving retirement benefits from the Plan or five years. For purposes of this Section and any potential recalculation of your monthly benefit, you will earn Vesting Service only if you were in Covered Employment at least 1,000 hours during the Plan Year. You will earn one (1) year of Benefit Service if you were in Covered Employment for at least 2,000 hours during the Plan Year (with fractional Benefit Service credit to be earned if you were in Covered Employment for at least 1,000 hours, but less than 2,000 hours during the Plan Year).
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