What are the requirements for the Rule of 85 Pension?
The Rule of 85 Pension provides for a full pension with no reduction for your age. You are eligible to receive a Rule of 85 Pension, if you meet all the following requirements: * you are at least age 55; and * your age plus your years of Credited Service (Pension Credits) equals at least 85; and * you have at least 2000 hours paid into Local #3’s Pension Fund in the 72 month period; immediately preceding your Pension Effective Date; and * you have at least 350 hours paid into Local #3’s Pension Fund by a Contributing Employer in one of the two Plan Years immediately preceding the Pension Effective date or during the year of the effective date. This requirement may also be satisfied if: o you have worked at least 350 hours for which contributions are required to be made to a Pro-Rata Plan; or o if you are unemployed, you were registered under the Job Placement regulations and were available for covered employment in Local #3’s jurisdiction during such period, and * you have not previous
