Retiree Information

Early Retirees (Age 60 to 64)

Members who choose to retire on or after January 1, 2013 and who are younger than age 65 may continue to participate in the Teamsters Local Union 230 Members’ Benefit Plan Trust Fund.

Should you choose to retire, you may remit your own contributions directly to the Trust Fund, providing all of the following conditions are met:

  1. You are a member paying Union Dues to Teamsters Local Union 230 at the time of your retirement.
  2. You have participated in a Teamsters Benefit Plan for a minimum of 10 years.
  3. You have participated in the Teamsters Local Union 230 Members’ Benefit Plan Trust Fund for the preceding five years.
  4. You are at least 60 years of age at the date of retirement.
  5. You are not actively employed elsewhere.
  6. You notify the administrator of your retirement within 31 days of the date of your retirement.
  7. You must choose the full package of benefits available.

The decision to participate in the Early Retiree Benefit Plan must be made at the time of retirement. Members will not be allowed to join at a later date.

Retiring members will be able to exhaust their hour bank before making their own contributions. They must contact the Benefit Plan Administrator to notify him or her of their retirement and to establish when their first payment is due.

Retirees (Age 65 and over)

Members who choose to retire on or after January 1, 2013 and who are under age 65 may continue to participate in the Teamsters Local Union 230 Members’ Benefit Plan Trust Fund.

Should you elect to retire, you may remit your own contributions directly to the Trust Fund, providing all of the following conditions are met:

  1. You are a member paying Union Dues to Teamsters Local Union 230 at the time of your retirement.
  2. You have participated in a Teamsters Benefit Plan for a minimum of 10 years.
  3. You have participated in the Teamsters Local Union 230 Members’ Benefit Plan Trust Fund for the preceding five years.
  4. You are at least 65 years of age at the date of retirement.
  5. You are not actively employed elsewhere.
  6. You notify the administrator of your retirement within 31 days of your 65th birthday or within 31 days of depleting your hour bank.
  7. You must choose the full package of benefits available.

The decision to participate in the Retiree Benefit Plan must be made at the time of retirement. Members will not be allowed to join at a later date.

Retiring members will be able to exhaust their hour bank before making their own contributions. They must contact the Benefit Plan Administrator to notify him or her of the date of their retirement and to establish when their first payment is due.