Under Age 65
Under the NASI Pension Plan (Article VII – Section 7.08(a)), you cannot perform any category of work, whether or not you are paid for that work, for any employer in the Sprinkler, Plumbing or Pipefitting Industry while at the same time receiving your monthly NASI Pension benefit. All work (not just work covered by the Collective Bargaining Agreement) in the Sprinkler, Plumbing or Pipefitting Industry will be cause for your pension being suspended. If you return to work after your pension begins, your monthly NASI Pension Fund benefit will stop. Once you re-retire, there is a five-month waiting period before your pension will start again. If you fail to tell the Fund Office that you have returned to work, you will have to wait an additional six months (total of eleven months) before your pension will start again and you will have to repay the NASI Pension Fund for the pension benefits you received while performing Disqualifying Employment.
Age 65 and Over
Once you turn age 65, you will not have your pension suspended unless you work at least 40 hours in the Sprinkler, Plumbing or Pipefitting Industry in a month. However, even at age 65, you will lose your medical benefits from the NASI Welfare Fund if you engage in any category of work in the Sprinkler, Plumbing or Pipefitting Industry, even if your pension is not suspended.
SIS Pension Fund
The SIS Pension Fund Plan of Benefits does not have rules on working after retirement. Once you have received your SIS Pension Fund benefit, you will not have to pay it back even if you return to Sprinkler work. However, if you retire from the NASI Pension Fund, keep your SIS Pension money in the SIS Pension Fund and then return to work in the Sprinkler, Plumbing or Pipefitting industry, you will not qualify for a retirement benefit from the SIS Pension Fund until you stop work in the industry.
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