Bakery Drivers Local 734 - Health and Welfare Fund | Suspension of Benefits
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Suspension of Benefits

Suspension of Benefits

Once you retire and begin receiving pension payments, you cannot lose your pension. However, you must remain in retirement in order for your pension payments to continue.

Before Normal Retirement Age
Retirement means the complete withdrawal from any employment or self-employment in the industry in a job classification of the type specified in collective bargaining agreements with Local Union 734, without limitation as to geographical jurisdiction of the union. If you return to work, your benefit payments will be suspended. Payments will not begin until you cease employment and reapply for benefits.

After Normal Retirement Age
Retirement means withdrawal from employment or self-employment in the industry in the geographical jurisdiction of the union. If you return to work at least 40 hours per month within the geographic area covered by the plan in a trade or craft covered by the plan or if you start working in covered employment, your benefit payments will be suspended.

If you do not remain in retirement, your pension payments will be suspended for any months during which you work in covered employment or industry employment. Your pension will be reinstated upon your subsequent retirement and you may be entitled to increases in your pension as a result of your work. If you are contemplating returning to work, contact the Fund Office.