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Under the terms of the Culinary Health Fund, you are eligible to make Retiree Self-payments for medical benefits if you are between the ages of 62-65, even if you stop working.Your Retiree coverage will end from the Culinary Health Fund the first of the month you turn age 65th or when you become eligible for Medicare whichever is first.You can also call the Pension Office to have these forms mailed to you. Send a written request to the Pension Office for an application to file.You should include your name, address, telephone number and Social Security number as well as your signature in your written request.Yes, if you meet the eligibility requirements you can take Early Retirement from ages 55-61.In order to be eligible for early retirement you must be vested.
A description of the rules for disability payment options can be found in the Summary Plan Description (SPD). If you would like the lump sum to be paid directly to you, a check will be mailed to you.
You can then deposit it in your regular bank account if you wish.
Remember that 20% will be automatically withheld for tax purposes on any portion paid directly to you.
If you withdraw the money from your IRA before you turn 59½, an additional 10% penalty tax may apply.
Retirees and Beneficiaries Only - If you would like to change your Tax Withholding Election (on the monthly benefit only), print the form below (Annual Notice of Withholding Election), fill it out and mail it to the Pension Office.