The Western Conference of Teamsters Pension Trust

Early Retirement With Recent Coverage

If you are vested and have recent coverage at retirement, you can retire as early as age 62 with a benefit that is not reduced for early retirement. If you are not yet 62, you can retire as early as age 55 but your benefit is reduced for early retirement. It will still be higher than if you do not have recent coverage at retirement.

ELIGIBILITY
To qualify for this early retirement benefit, you must meet all of the following requirements:

Be vested, and
Have recent coverage at retirement, and
Be at least age 55.

Benefit Amount
Your early retirement benefit with recent coverage is calculated by multiplying your normal retirement benefit by your early retirement factor. Click here to see a partial list of early retirement factors without recent coverage. Your own early retirement factor is based on your exact age (in completed years and months) on your pension effective date.

This amount assumes that you choose a life only pension. If you choose a form of payment other than the life only pension, your benefit amount is different. Click here for information about payment options.

F Y I: Pension Effective Date

You can choose to have your early retirement benefit start on the first of any month after you first become eligible for early retirement (usually age 55). However, your pension cannot begin until you stop all work for covered employers and former covered employers, including non-covered employment.

Here are the rules about choosing your pension effective date.