 Home Retirees
Retirees - Working
After Your Retirement
You may return to work after your retirement;
however, you must notify the Administrative Office in advance if
you are retired and intend to return to work in Alaska:
- in a job classification, the core skills and responsibilities of
which are the same as or similar to those of employment in which the
Participant was engaged at any time while accruing a benefit under
the Plan, whether or not such employment is under the terms of a
Collective Bargaining Agreement or Special Agreement, or in a
supervisory capacity over such job classification
- in the industry in which the participating employers participate
(any business activity of the type engaged in by the employers
maintaining the Plan).
Over time, signatory employers to the Plan have participated in a
growing number of industries. Employment in industries other than
the electrical industry.
If you return to work in a job classification
described above, you will not receive your pension
payments for any month that you are paid for more than
40 hours a month. Please contact the
Administrative Office
if you have any question about whether a certain type of
employment would bring about the suspension of your
retirement benefits.
If you return to work and fail to notify the
Administrative
Office, they will presume you are working more than 40
hours a month and will suspend your pension payments.
You will accrue additional benefits while you are
working in Alaska in a covered position for a
contributing employer.
Suspending Your Pension
Payments
Your early (or late) retirement reduction (or
increase) factor will be adjusted when you resume your
pension payments the first time you suspend and resume
benefits.
This adjustment to the early (late) retirement reduction
(increase) factor is made only once no matter how many
times your benefit payments are suspended. You may initiate your
first suspension of benefits by filing a
Suspension of Benefits Form.
Please note that your retiree Health & Welfare
coverage will terminate the month you return to work.
If you would like continuous medical coverage, you are
responsible for self-payment of your retiree coverage
until your active coverage is effective.
Resuming Your Pension Payments
When you stop working, notify the Administrative Office by
either filing a
Revocation of Voluntary Suspension form to resume your monthly pension
payments.
For detailed information about returning to work,
please review the
Summary Plan Description.
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