Planning for retirement

Planning for Retirement

This document is not intended to replace the plan documents of the SIS Pension Plan or the NASI Pension Plan or the NASI Welfare Plan. It is hoped that this will serve as a practical guide to help Sprinkler Fitters plan for their retirement.

Introduction

Sprinkler fitters have retirement benefits that are unlike, in a very good way, the benefits available to most Americans outside of organized labor. Almost all Sprinkler Fitters will have monthly income guaranteed for the rest of their life from the NASI Pension Plan. Most sprinkler fitters also have a substantial individual account with the Sprinkler Industry Supplemental Pension Plan or with a similar plan through their local union. Finally, most sprinkler fitters will also be eligible for medical benefits for the rest of their life when they retire through the NASI Welfare Fund or a similar plan through their local union.

Along with Social Security, the benefits provided by the NASI Pension Plan, the SIS Pension Plan and the NASI Welfare Plan can provide a financially secure retirement. However, you need to make choices about your pension benefits that will affect your finances for the rest of your lives.

You are invited to select from the available subjects below.

Internal Links

· I am thinking about changing my SIS Pension Fund investment choice.

· How should I invest my SIS Pension money once I am retired?

· I am interested in ways I can use my SIS Pension Fund to supplement my retirement.

· I got a late start in the industry. What can I do to maximize my benefits?

· Which of the NASI Pension Fund benefit options are the most popular?

· How much retirement income do I need?

· What other optional forms of benefit from the NASI Pension Fund are available?

· What are the different ways I can receive money from the SIS Pension Fund?

· How should I invest my SIS Pension money?

· I am not yet 59 ½. How can I access my SIS Pension money without having to pay a tax penalty?