SUPPLEMENTAL PENSION

IMPORTANT UPDATES



Pre-Retirement Seminar Videos


In accordance with the CDC's guidelines and for the safety of our members and staff, Wilson-McShane is not taking walk-ins at this time. If you need to speak with someone at the benefit office, please call (952) 851-5949.

FREQUENTLY ASKED QUESTIONS

You will be able to participate in the Plan if you work at least one hour of Covered Employment for which your Employer has agreed in a collective bargaining agreement or in an agreement with the Trustees to contribute to the Plan on your behalf.
No. Contributions can only be made by participating Employers who contribute to the Plan.
You must have had contributions for 100 Hours of Service made to this Plan. When this occurs, you will be eligible to receive 100% of your account balance when you meet the requirements to withdrawal your account.
The Plan year is October 1 through September 30.
Your Employer will contribute to a trust for the St. Paul Electrical Construction Workers Supplemental Pension Plan an amount specified in a collective bargaining agreement with IBEW Local 110 or in its agreement with the Trustees. Generally, your Employer contributes an amount related to each Hour of Service you have in the month.

In addition to Employer’s contributions made to your account, at the end of each month your account will be credited with a share of the investment earnings or losses of the trust fund. Your account will also be charged an administrative fee as determined by the Trustees.
You can check your balance one of two ways:
  • • You can log into MyBenefits. On the main dashboard, you can click on the Supplemental Pension tile, then select View Supp Pension Balance tab.
  • • You can contact the Fund Office.
You are eligible for payment of your Account upon:
  • • You reach early retirement age 55 and retire from employment with a contributing employer;
  • • You reach normal retirement age 65 and retire from employment with a contributing employer;
  • • You become totally and permanently disabled as evidenced by a written certification from a physician acceptable to the Trustees.
  • • You terminate your employment and have meet one of the following requirements:
    • o You have no contributions from any employers contributing to the Plan during at least one Plan Year and your account balance is no more than $15,000; or
    • o You have no contributions from any employers contributing to the Plan during at least one Plan Year and you have ceased all employment and business occupation with a Related Organization and have an account balance of more than $15,000.
  • • Upon your death, your beneficiary will be entitled to 100% of your account balance.
For further information, please refer to your Summary Plan Description or contact the Fund Office.
  • • You may request a partial or total distribution of your account balance and/or
  • • You may request monthly payments based on an amount of your choosing.
To apply for a withdrawal, you will need to contact the Fund Office for the appropriate paperwork.
No. The Plan does not allow for hardship withdrawals or loans.
The payment you receive from the Plan will be subject to mandatory withholding of 20% for federal income taxes. You can avoid mandatory withholding only if you arrange to have your benefit transferred directly to an IRA or an eligible retirement plan. When you file your state tax returns, you may need to pay state taxes on the distribution also.
In order to change your mailing address, you must complete a Change of Address Form. You may print and complete the form, or you may contact the Fund Office and a form will be mailed to you.
Complete a Beneficiary Designation Form and mail to the Fund Office.
Your account balance will be paid out to your designated beneficiary.
If you divorce, your spouse may be entitled to receive a portion or all of your Supplemental Plan in accordance with the terms of a Qualified Domestic Relations Order (QDRO). If you divorce, you must contact the Fund Office to ensure your benefits are paid properly.
If you have any questions about your eligibility, benefits or claims, contact the Fund Office at (952) 851-5949 or (800) 535-6373.

FORMS AND IMPORTANT DOCUMENTS

Pension Beneficiary Designation Form

Change of Address Form

Summary Plan Description (SPD)

SMM: Amendment No. 4 - Timing and Calculation of Distribution

Supp Pension Plan - Summary Annual Report (SAR)

LIFE EVENTS

Birth or Adoption

You may designate anyone as a beneficiary for death benefits payable for the loss of your life by submitting a Beneficiary Designation Form to the Fund Office.

Marriage

You may designate anyone as a beneficiary for death benefits payable for the loss of your life by submitting a Beneficiary Designation Form to the Fund Office.

Disability

You will be eligible to receive a disability benefit if you meet the eligibility requirements as outlined in the Plan. For further information, please refer to your Summary Plan Description (SPD).

Moving

If you have recently moved, please complete a Change of Address Form.

Divorce

In the event of divorce, your former spouse may have a right to receive some portion of your account directly from the Plan. Please contact the Fund Office for more information.

Retirement

You are eligible for payment of your Account upon:

  • • You reach early retirement age 55 and retire from employment with a contributing employer;
  • • You reach normal retirement age 65 and retire from employment with a contributing employer;
  • • You become totally and permanently disabled as evidenced by a written certification from a physician acceptable to the Trustees.
  • • You terminate your employment and have meet one of the following requirements:
    • o You have no contributions from any employers contributing to the Plan during at least one Plan Year and your account balance is no more than $15,000; or
    • o You have no contributions from any employers contributing to the Plan during at least one Plan Year and you have ceased all employment and business occupation with a Related Organization and have an account balance of more than $15,000.
  • • Upon your death, your beneficiary will be entitled to 100% of your account balance.

For further information, please refer to your Summary Plan Description or contact the Fund Office.

Death

In the event of your death, the unpaid balance of your account will be paid in a lump sum to your designated beneficiary.

SERVICE PROVIDERS

MyBenefits
Supplemental Pension Benefits

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