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Is it true that after a teamster retire
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<blockquote data-quote="JonFrum" data-source="post: 543141" data-attributes="member: 18044"><p>No. Your monthly check is 10% less to "pay" for the 120 check guarantee. We can also get a thirteenth check every Christmas for a 7% reduction in the monthly benefit amount. Your fund probably has similar features. Here's the language . . .</p><p> </p><p><strong><u><span style="color: #000080">120 Certain Payments</span></u></strong> Monthly benefit reduction is 10%. The pension is payable for the pensioner's lifetime, with the guarantee that if he/she dies before 120 monthly pension payments are issued, the monthly pension shall continue to be paid to a designated Beneficiary until a total of 120 payments has been made, including the payments to both the Pensioner and Beneficiary. If the Pensioner should survive for all 120 payments, monthly payments shall continue for the rest of the Pensioner's life and the benefit will end upon his/her death. No further payments will be due to any beneficiary upon the Pensioner's death.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 543141, member: 18044"] No. Your monthly check is 10% less to "pay" for the 120 check guarantee. We can also get a thirteenth check every Christmas for a 7% reduction in the monthly benefit amount. Your fund probably has similar features. Here's the language . . . [B][U][COLOR=#000080]120 Certain Payments[/COLOR][/U][/B] Monthly benefit reduction is 10%. The pension is payable for the pensioner's lifetime, with the guarantee that if he/she dies before 120 monthly pension payments are issued, the monthly pension shall continue to be paid to a designated Beneficiary until a total of 120 payments has been made, including the payments to both the Pensioner and Beneficiary. If the Pensioner should survive for all 120 payments, monthly payments shall continue for the rest of the Pensioner's life and the benefit will end upon his/her death. No further payments will be due to any beneficiary upon the Pensioner's death. [/QUOTE]
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Is it true that after a teamster retire
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