|Operating Engineers Local 66 Pension Fund|
If you terminate employment after January 1, 1976, after completing 5 years of credited service, you will be eligible for a vested retirement benefit with benefits deferred to your normal retirement date.
The monthly vested retirement benefit commencing at age 65 is calculated the same as the normal retirement benefit times the vesting percentage from the following table:
*If you are vested prior to January 1, 1976, see the Summary Plan Description, Article VII, Section 3 or 4.
Deferred Vested Retirement Benefit Prior to Age 65 - You may elect to have your vested retirement benefit begin prior to age 65 but no earlier than age 55.
For those who retire on or after January 1, 2000, the monthly benefit will be calculated after first applying the vesting percentage from the table listed above and:
AGE 70½ REQUIREMENT - If you are eligible for a deferred vested benefit, you must begin to receive pension benefits no later than April 1st following the calendar year in which you obtain age 70 1/2.