Ufcw midwest pension fund 2025

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Taking your pension: your options take some or all of your pension pot as a cash lump sum, no matter what size it is. buy an annuity - you can take a cash lump sum too. take money directly from the pension fund, and leave the rest invested (income drawdown) - there wont be any restrictions for how much you can take.
Simply Select Check Balance on your My Own Pension page when you dial *170#. Note that this option does not display any withdrawals made, only contributions made so far. Alternatively, you will receive an automatic SMS at the end of every month to update you on your Policy Account Fund Value.
Some pensions allow a lump-sum cash-out, offering immediate access to funds but at the cost of potential taxes and penalties. Others require the money to remain in the plan until you reach retirement age, ensuring future income but limiting access.
Please contact the Fund Office at 1-800-241-7701 or 1-800-241-2136 for additional information if necessary.
To apply for your pension, you will need to request an Application for Benefits from the Fund Office. You should apply for your pension at least 90 days prior to your retirement date. Please complete the forms and mail along with any noted required documentation to the Fund Office.
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Entering the EIN is the easiest way to locate plans. For each EIN, there may be one or more plans associated with that employer or pension plan sponsor. PN (Plan Number) The Plan Number (PN) is a three-digit number assigned to a plan by the employer or plan sponsor and is used to identify a particular plan.

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