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The
Soft Drink Industry-Local Union No. 744 Pension Plan is a Trust Fund with
two separate pension plans.
The
"defined benefit" pension plan has several types of pensions.
The amount of your pension is based on the form you elect, your age, your
number of Pension Credits and whether or not you have one or more Periods
of Accrual.
The
Individual Account Plan, "IAP", has an account for each participant
in which employer contributions are accumulated. Benefits under the Individual
Account Plan are paid in the form of a lump sum.
If there is any discrepancy between these highlights and the official
Plan document, the Plan document will govern.
As always, if you have any questions or would like a pension estimate please call the Fund Office at (312) 829-6506 ext. 131.
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