Service Employees 32BJ North Pension Fund

North Pension Fund Summary Plan Description (SPD) >> Commencement of Benefits

Generally, benefit payments will begin in the first full calendar month in which you have met all the requirements for the benefit form you elect, provided the Fund has received a completed application for benefits. However, if your Pension Start Date occurs after you reach Normal Retirement Age, and you are not working in Prohibited Employment (see Section 15), you can elect to receive your benefit paid retroactively to the first day of the month following the later of the date you reached Normal Retirement Age or the last calendar month in which you terminated Prohibited Employment as explained in Section 15.

Alternatively, you can elect an actuarially increased benefit. However, if you are married and do not waive the 50% Joint and Survivor Annuity, your Spouse must consent to your election to receive a retroactive benefit on a special consent form provided by the Fund Office.

Your benefit application must be filed with the Fund within the 90-day period before your Pension Start Date and you must specify on your application the date that you wish payments to commence. You may request an application form by writing to or calling the Fund at 101 Avenue of the Americas, New York, NY 10013, 1-866-231-3225.

If you are an Active Participant and you attain age 70½ on or after January 1, 1999, you have the choice of beginning to receive your monthly benefit payments as of the April 1 of the calendar year following the calendar year in which you attained age 70½, even if you keep working in Covered Employment, or upon your actual Retirement. However, except if you are a five (5) percent owner of an employer, your monthly benefit must commence no later than April 1 of the year following the year in which the later of your Retirement or your attainment of age 70½ occurs (or would have occurred with respect to a deceased Participant). If you are a five (5) percent owner of an employer, your monthly benefits must commence no later than the April 1 of the calendar year following the calendar year in which you attain 70½, to the extent required by law.