PENSION PLAN

Secure your future with the Carpenters' Pension Plan. Set up to provide retirement benefits for you, the Pension Plan provides a monthly benefit to you after retirement to help supplement Social Security and personal savings.

The Pension Plan is funded by participating employers who contribute hours worked under a labor contract or participation agreement. No contributions are required from Participants themselves and none are permitted.

For details on how your pension is calculated, please review the Pension Summary Plan Description or contact us.

  • Normal Retirement Benefits
  • Early Retirement Benefits
  • Joint and Survivor Benefits
  • Disability Benefits
  • Death Benefits
  • Deferred Vested Benefits

FORMS / PLAN DOCUMENTS & NOTICES

FORMS

Federal Tax Withholding Packet

Wisconsin State Tax Withholding Packet

Temporary Change of Address Form

Change of Address Form

Reciprocity Forms

Beneficiary Form

Beneficiary Form (Spanish)

Direct Deposit Form

Deduct Premium Directly from Pension Check Form

Direct Deposit Form

PLAN DOCUMENTS & NOTICES

Pension Summary Plan Description (SPD)

SMM - 800-Hour Return to Work Rule for 2025

SMM - Calculation of Death Benefits for Non-Vested Participants

SMM - Appeal Decisions

SMM - Extension to Pension Plan's Temporary Suspension of Benefit/Return-to-Work Rules

Annual Funding Notice

NCSRCC Lifetime Income Benefit Transition Letter

NCSRCC Lifetime Income Benefit Newsletter

NCSRCC Lifetime Income Benefit

FREQUENTLY ASKED QUESTIONS

ACTIVE EMPLOYEES

Call the Fund Office to request a pension transfer form from the Fund Office before you start working in another Fund's jurisdiction. If you stop working in another Fund's jurisdiction and return at a later date, check with the Fund Office to make sure your transfer is still in effect. Click the link to print a copy of the Pension Reciprocity Form.
If you need to designate or change a beneficiary, the beneficiary designation must be on a beneficiary form obtained from the Fund Office. It is important that you keep your beneficiary designation up-to-date as death benefits are paid according to the most recent designation filed by you as long as it is in accord with Plan provisions and the law. Click the link to print a copy of the beneficiary form.
When your divorce is final, the Fund Office will need a copy of your divorce documents and will provide information and forms if a portion of your pension benefit is awarded to your ex-spouse.
If you are not Vested and you have five consecutive Calendar Years without a year of Vesting Credit (300 hours), the contributions and Vesting Credits will be forfeited.
You must become a Participant and earn enough hours to be vested. You become a Participant the July 1 or January 1 following a twelve month period beginning with:

The first contributions received at North Central States Carpenter's Pension Fund
- OR -
The start of a Plan Year starting after the first contribution received.

A minimum of 750 hours of contributions are credited on your behalf from your Employer during the twelve month period.

Five years of Continuous Vesting Credit is required for a Normal Retirement Benefit at age 62. Ten years of Continuous Vesting Credit is required for an Early Retirement Benefit at age 55.

If you've had a Break-in-Service, your Normal or Early Retirement Age may be different than age 62 or 55.
Yes. You must be totally and permanently disabled and meet the Plan Requirements to receive a Disability Benefit.
No. The Plan does not allow withdrawal of contributions, lump sum payments, or rollovers of contributions. The only method of payment is a monthly pension benefit at Retirement Age.
Each calendar year, you earn one year of Vesting Credit when at least 300 hours of employer-paid contributions are credited on your behalf.
No. The Plan is funded by participating Employers who contribute to the Pension Fund for hours worked under a labor contract or participation agreement. No contributions are required from Participants themselves and none are permitted.
A Break-in-Service happens if you have four consecutive calendar years without working at least 300 hours for a contributing Employer. Any future improvements in the Plan would not apply to the contributions made prior to the Break-In-Service.

NOW THAT YOU'RE RETIRED

If you receive an Early Retirement Benefit, you cannot work the first 60 days from the date of your retirement, and you must make no prior plans or arrangements to return to Plan-Related-Employment. If you receive a Normal Retirement Benefit, you can return to work immediately. The number of hours you can work in Plan-Related Employment is limited. Your pension benefit is suspended for any calendar month in which you work 40 or more hours after having worked 400 hours in prior months in any one Calendar Year in "Plan-Related Employment".
You must complete a direct deposit form. A printable deposit form is available under Forms in the Pension section.
Yes. Request a Federal Income Tax Withholding Form from the Fund Office. If you reside in Wisconsin, a State Income Tax Withholding Form can be provided as well. Printable tax forms are available under printable forms.
If you return to work for a contributing Employer, your monthly benefit will be adjusted the following January.
Yes, you will receive a 1099-R form. The form is mailed no later than January 31 of each year.

THINKING ABOUT RETIRING?

Yes. You can have your pension check directly deposited into your checking or savings account. Click the link to print a copy of the Direct Deposit form.
With the Joint and Survivor option, benefits paid to you as a retiree are continued after your death in a reduced amount to your spouse. Your monthly benefit is reduced because the total amount of benefit you have earned is expected to be paid over both your lifetime and your spouse's instead of yours alone. The monthly benefit payable to your spouse after your death is two-thirds of the monthly benefit that was paid or payable to you.
Normal Retirement Age is 62 for Participants with 5 years of vesting credit. Early Retirement Age is 55 for Participants with 10 years of vesting credit. If you've had a Break-in-Service, your Normal or Early Retirement Age may be different than age 62 or 55.
If the actuarial equivalent of your pension benefit is a lump sum of $5,000 or less, your benefit will be paid to you in one lump sum amount rather than in monthly payments. If you are eligible for a lump sum benefit at retirement, you can roll it over or have payment made directly to you.
Request your retirement benefit estimate no earlier than 180 days before and no later than 31 days before the month you want to begin retirement benefits.

(715) 835-3174     (800) 424-3405

Street Address:
1704 Devney Drive    Altoona, WI 54720


Mailing Address:
PO Box 4002    Eau Claire, WI 54702

WEBSITE DISCLAIMER

CONTACT US