Life Events
Taking a Break From Covered Employment
Should you take a break from Covered Employment, you may want to assess the impact on your Health Fund and Pension Plan benefits. Here are some items for your consideration.
Additional Information:
Health Benefits
Pension Benefits
Pension SPD
Benefit Plan Checklist
- If your reduction in work results in insufficient earnings to maintain continuing coverage, you may be eligible to extend your coverage in one of several ways. Please review the Extended Coverage/COBRA BenefitTabs.
- If you are not eligible for any of the extended coverage programs offered by the Health Fund, under most circumstances you may elect to purchase COBRAThe acronym for the Consolidated Omnibus Budget Reconciliation Act of 1985 which allows for the purchase of coverage after loss of eligibility due to certain qualifying events. Continuation Coverage.
- If your reduction in work results in insufficient earnings to accrue a Qualified YearA Plan Year in which the Participant earned at least eight Credited Weeks under the Pension Plan, please review the Break in Service page.
- You should check your vesting status under the Pension Plan to determine whether you are vested for a pension benefit. Since a vested benefit will not be payable until you reach the earliest retirement age, you must keep your address information current with the Administrative Office.