Below are answers to the most Frequently Asked Questions.

How do I apply for a pension?

The first step is to request and complete a pension application and submit it along with the required supporting documentation to the Fund Office for processing.  Please contact the Pension Department at 333 Westchester Avenue, White Plains, NY 10604 if you have any questions, or download the application here.

How long does it take to process a pension request and receive payment?

It usually takes between 3 – 4 months to process your pension application and receive payment. That timeframe may vary depending on many factors (e.g., incomplete application and/or missing documentation may delay your process). Additionally, if the Fund Office has to request verification of your employment history from the Social Security Administration that may also cause delays in processing your application.

How soon before my retirement date should I submit my pension application?

You should mail in your pension application and required documentation at least three (3) months prior to your expected retirement date.

What payment options will I have when I retire?

The Plan offers different payment options.  Please refer to the Summary Plan Description for additional details.

Can I receive my pension benefit as a direct deposit in my bank account?

Yes, you can choose to have your monthly pension benefit directly deposited into your checking or savings account anywhere in the U.S. and Puerto Rico.  Please note that direct deposit is not available for deposit in banking institutions outside of the U.S. and Puerto Rico.

How much money should I expect to receive from my pension plan(s)?

The monthly benefit you receive depends on different factors that are used to calculate your benefit, including, but not limited to, your employer’s contribution and your years of service.

How often does the Fund send out pension benefit statements?

Benefit statements are mailed annually to active participants to the mailing address on file. Benefit statements are not generated for participants who are receiving a pension and still working.

Why did I receive two statements?

You received two statements because you have service in both the Legacy and Adjustable Plans.  You began to accrue service in the Adjustable Plan in 2015. You had service in the Legacy Plan service prior to 2015. The amount listed on the benefit statements is an estimate. Your actual monthly pension benefit amount will be calculated upon receipt of a completed application, including all documentation requested by the Fund. 

What should I do if I believe my pension statement is incorrect or missing information?

Contact the Fund Office to get instructions on how to submit a correction on your statement at: 914-367-5800 or pensioninfo@amalgamatedbenefits.com

Who pays into my pension plan: me, my employer or my union?

The pension plan is funded by contributions from participating employers pursuant to a collective bargaining agreement, negotiated on your behalf by the Union, or a participation agreement. Your Union dues do not fund your pension benefit. If you do not meet either Plan’s requirements for eligibility, even if you pay Union dues, you will not receive a benefit under either Plan.

How do I know if the pension fund has captured my work history from different employers?

The Fund office relies on monthly reporting submitted by participating employers.  However, when you complete your pension application, please include all union-covered employment along with your dates of employment.

What happens to my pension if I die before or while collecting?

Your beneficiary may be eligible to receive a benefit.  Please review the Summary Plan Description and Plan Document for more detail.  

Can I move outside the United States and still collect a pension benefit?

Yes, you can retire anywhere in the world and receive your pension benefit via a physical check that is mailed to your address abroad.

Will my pension affect my Social Security benefits?

Your pension benefits will not affect your Social Security benefits.

Is my pension taxable? How do I report it on my tax return?

Yes, your pension is considered earned income for tax purposes. This means that the pension income you receive during the year has to be reported to the IRS and therefore is taxed. The Fund Office will mail out a 1099R form by January 31st of each year to your address on file. Please note, however, that this is a very general summary of the potential tax consequences of your pension benefit so you should consult with your own tax advisor if you have questions on the tax implications of your pension benefit.

What documents do I need to submit with my pension application?

The Fund Office will need copies (not originals) of the following supporting documentation:

SINGLE (never married) PARTICIPANTS: Birth Certificate and a copy of your Social Security card.

MARRIED PARTICIPANTS: Birth Certificate, Spouse’s Birth Certificate, Marriage Certificate and a copy of your Social Security card.

DIVORCED PARTICIPANTS: Spouse’s Birth Certificate, Divorce Decree and a copy of your Social Security card.

WIDOWED PARTICIPANTS: Birth Certificate, Spouse’s Death Certificate and a copy of your Social Security card.

What substitute documentation can I submit if I do not have a required documentation for my pension process?

Required DocumentSubstitution Document (s)
Birth Certificate2 other proof of documentation from list:
– Driver’s License
– State ID
– Passport
– Resident Alien Card
– Naturalization Certificate
Marriage Certificate– Married filing Joint Tax Return
– Life insurance policy naming one another
Divorce Decree– Notarized Affidavit provided by Fund
Death Certificate– Surviving spouse letter from Social Security

What is the Annual Funding Notice?

Each year the Fund mails Annual Funding Notices (AFN) to all plan participants. The AFN provides you with the Plan’s funding level of a given plan year and is for informational purposes only.

What is included in the AFN?

The AFN includes how well the Plan is funded, the Plan’s Investment Policy, what the Plan’s funded status was for a given plan year, an explanation of benefits guaranteed by the PBGC and where to obtain information.

I receive information from the Fund Office each year; can you remove me from the list?

Unfortunately, we are unable to take you off the mailing list. ERISA requires that we send certain information to all of the plan participants each year.

Benchmark Portal - Top Contact Center

Launches Member Portal Accessible 24/7 from Any Mobile Device

At the National Retirement Fund, we’re committed to providing you with the best benefits and service. To make it more convenient for you to access information regarding your pension at any time, from any mobile device, we launched an app that takes you directly to a user-friendly portal with many easy-to-use features, including:

  • Direct access to your pension benefit information, notifications and other important documents
  • Convenient form wizards enabling you to submit a pension application, manage your account, submit a change of address, sign up for direct deposit, and access your pension benefit history
  • Document look up feature giving you access to important Fund details
  • Resource library offering instructional materials, summary of plan description, links to federal and state tax resources, and Frequently Asked Questions (FAQs)
  • Two-factor authentication to protect your personal data and provide a secure online experience

In addition to the functions provided through the mobile app, members can also access their information through a web-based portal; which provides access to additional capabilities.

We are committed to providing you with the highest quality benefit solutions and service. As such, you can look forward to continuous review and enhancement of both the range of features offered and the overall user experience.

Lanza un portal para miembros accesible las 24 horas del día, los 7 días de la semana, desde cualquier dispositivo móvil

En el Fondo Nacional de Jubilación estamos comprometidos a brindarle los mejores beneficios y servicios. Para que sea más conveniente para usted acceder a la información sobre su pensión en cualquier momento, desde cualquier dispositivo móvil, lanzamos una aplicación que lo lleva directamente a un portal de interfaz amigable con muchas características fáciles de usar, que incluyen:

  • Acceso directo a la información sobre sus beneficios de pensión, notificaciones y otros documentos importantes.
  • Asistentes de formulario convenientes, que le permiten enviar una solicitud de pensión, administrar su cuenta, enviar un cambio de dirección, registrarse para el depósito directo y acceder a su historial de beneficios de pensión.
  • Función de búsqueda de documentos, que le brinda acceso a detalles importantes del Fondo.
  • Biblioteca de recursos que ofrece materiales didácticos, el resumen de la descripción del plan, enlaces a recursos fiscales federales y estatales y preguntas frecuentes (Frequently Asked Questions, FAQ).
  • Autenticación de dos factores para proteger sus datos personales y proporcionar una experiencia en línea segura.

Además de las funciones proporcionadas a través de la aplicación móvil, los miembros también pueden acceder a su información a través de un portal web que proporciona acceso a funciones adicionales. 

En el Fondo Nacional de Jubilación, estamos comprometidos a brindarle los mejores beneficios y servicios. Por lo tanto, puede esperar una revisión y mejora continuas tanto de la gama de características ofrecidas, como de la experiencia general del usuario.