If I get remarried, can I update my previous Surviving Spouse Beneficiary?
Once you have commenced your Pension Benefit, you will not be able to add your current spouse in place of your previous spouse, regardless if they are deceased or divorced.
If I get married after I start receiving my pension, can I add my new spouse as a Surviving Spouse Beneficiary?
Once you receive the initial payment, the Single Life option elected cannot be changed. For a spouse to be considered a Surviving Spouse, you must have to be married at least 12 consecutive months prior to commencing Pension.
Will I always receive my pension payments on the 1st of each month?
Members will always receive payment on the 1st of each month. If the first falls on a weekend or on a holiday, the member will receive payment the following business day.
Will I continue to have Medical Coverage once I start receiving my pension?
We do not offer Medical Coverage to our pensioners. If you were actively working upon retiring with us, please refer to the following: For Plan A members, your coverage will be terminated the last day of the second month following the month for which the final premium was due to the Fund on your behalf. […]
Do Hollow Metal Pensioners have Death Benefits?
As of July 2016, we no longer offer the Death Benefit.
How can I set up Direct Deposit Overseas?
As of now, we do not offer International wires for direct deposit. For overseas payments, we can only process Checks, or you can opt into using a Rapid! Paycard (Rapid! Paycard will require a valid U.S. ID, license, or US Passport).
How can I set up or update my Direct Deposit information?
You must fill out the ACH Form and provide a copy of a voided check or a bank letterhead to accompany the completed Form.
Can I change my Federal Taxes at any time? if so, how?
As a pension fund we only deduct Federal Taxes, but you can change your Federal Taxes at any time by filling out a W-4P Form and submit it to our office via mail, email, or Fax (212) 366-7556
What happens after I submit my initial documentation for my Pension Application?
Once reviewed, we will determine if you are eligible for a Pension Benefit. If eligible, we will commence the calculation process, in which we review the work history and determine the monthly benefit. When the Monthly Benefit has been approved, you will receive a Declaration of Retirement or an Option Package to elect your benefit […]
What do I need to provide for the initial process of my Pension Application?
The process consists of submitting all Application Forms (Covered Work Employment, Return to Work Rules, and Signed Application) along with all the necessary documents such as: U.S. State ID, License, or US Passport Social Security card(s) Marriage Certificate (if applicable) Birth certificates (original and translated (if in a different language)) Divorce Decree (if applicable) Death […]