LOCAL UNION 786 BUILDING MATERIAL PENSION FUND
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LOCAL UNION 786 BUILDING MATERIAL PENSION FUND

This is for the benefit of people going through a divorce or attorneys assisting their clients with a divorce. Please don't reach out to us on live chat or our toll free number unless you're dealing with a divorce. SimpleQDRO isn't a Plan Administrator or affiliated with the plan or company listed on this page. We do draft QDROs for this plan, though. So if that is why you're here, please connect with us.
LOCAL UNION 786 BUILDING MATERIAL PENSION FUND is a DEFINED BENEFIT PLAN. This type of plan generally provides participants with a monthly retirement benefit upon reaching a specific age and may be adjusted for early retirement. Benefits paid at the time of retirement are typically calculated using a formula based upon years of credited service and compensation information. Benefits are generally payable to the participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Benefits accumulated under this type of plan are often referred to as "accrued benefits".

With this type of plan, the Alternate Payee is usually not awarded a lump sum cash payment from the Plan. Rather, the Alternate Payee’s award is typically made in terms of a monthly benefit payable for either the lifetime of the Participant (a "shared payment") or the Alternate Payee (a "separate interest").

Features of the LOCAL UNION 786 BUILDING MATERIAL PENSION FUND may include:

  • Benefits accrued under this Plan are primarily “flat dollar” (includes dollars per year of service)


DISCLAIMERS

The Plan features and descriptions presented are provided only as examples and general descriptions a particular type of plan. Participants and Alternate Payees should ALWAYS review the applicable Summary Plan Description for a detailed description of the specific terms and options for the specific Plan in question.

The information provided on this page is based upon the most recent Plan tax filings available. The terms of a specific plan may have changed since the most recently available tax filing, and as a result, these descriptions and features may not be current. SimpleQDRO makes no representations as to accuracy of these descriptions.

SimpleQDRO is neither the administrator, nor a representative of this Plan. SimpleQDRO provides this information merely as a courtesy and makes no warranties as to the current status or accuracy of these descriptions.
Plan & Company Information

pdg
Company
TRUSTEES OF LOCAL UNION 786 IBT MATERIAL PENSION
300 S ASHLAND AVE - SUITE 500
CHICAGO, illinois 60607-2701
312-666-1875
pdg
Plan Name
LOCAL UNION 786 BUILDING MATERIAL PENSION FUND
pdg
Plan Administrator
TRUSTEES OF LOCAL UNION 786 IBT MATERIAL PENSION FUND
300 S. ASHLAND, SUITE 500
CHICAGO, illinois 60607-2701
312-666-1875
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LOCAL UNION 786 BUILDING MATERIAL PENSION FUND is located in Cook County in CHICAGO, IL. If you need a QDRO in Cook County or CHICAGO, IL just know that SimpleQDRO drafts QDROs for customers in all 50 states.
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