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Pension - Reciprocating Pensions

Service With Related Plans

If you have service with other retirement plans generally in the electrical industry, that service may be counted in this Plan through reciprocity agreements.  This Plan has two types of reciprocity agreements. The first, called "Money Follows the Man", is for those plans signatory to the Electrical Industry Pension Pension Reciprocal Agreement.  It allows employer contributions for your work in another plan to be transferred to this Plan. 

The second type of reciprocity agreement this Plan offers is called "Pro-Rata Pension".  It allows your service in a related plan to be counted in determining your eligibility for a benefit from this Plan.  That is, years of service in another plan may be used to vest in this Plan.

For an overview of Money Follows the Man pension reciprocity, see the page To/From Home Local.  See Pro-Rata Pension for an overview of  pro-rata reciprocity.  For a detailed description of how both types of reciprocity work, please see the "Reciprocity (Service With Related Plans)" section of the Summary Plan Description.

 

 

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