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What is a merged plan?

merged Plan
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What is a merged plan?

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Merged Plans are pension plans which were established independently of the Central Pension Fund and later became a part of this Fund. If you were a participant in a plan that merged into the Central Pension Fund, your benefit will be calculated as specified in the merger agreement. . Reciprocity Reciprocity provides a means of combining service credits earned under the Central Pension Fund with service credits earned in other IUOE pension plans that have signed the International Union of Operating Engineers National Reciprocity Agreement (Related Pension Plans), so that you will have a right to a monthly benefit. You could benefit from this provision if your years of Vesting Service have been divided between the Central Pension Fund and one or more Related Pension Plans. The Central Pension Fund uses the pro-rata method in calculating reciprocity.

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