Sheet Metal Workers' International Association
Local Union No.73
Pension Welfare and Annuity Funds

 











 



ARTICLE 6. NORMAL AND POSTPONED RETIREMENT DATES
RETIREMENT BENEFITS

6.1 NORMAL RETIREMENT DATE. The Normal Retirement Date for a Participant will be the date he attains age 62.

Unless payment of a Participant's retirement benefits is postponed in accordance with Article 6.2, payments will commence on the first day of the month coinciding with or next following his Normal Retirement Date.

6.2 POSTPONED RETIREMENT DATE.
If a Participant continues his employment as an Employee after his Normal Retirement Date, his Postponed Retirement Date may be the first day of any month coinciding with or next following the date the Participant incurs a 6 Month Break in Service.

Subject to the provisions of Article 3. 1, a Participant who continues as an Employee after his Normal Retirement Date will continue to be eligible to receive Employer Contributions until his actual retirement.

6.3 RETIREMENT BENEFITS.
Upon a Participant's retirement in accordance with Article 6.1 or 6.2, he will be entitled to receive 100% of the value of his Accounts described in Article 4.1. The Participant's retirement benefits will be paid to him in the manner provided by Article 9.


 

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