When can I collect my union pension?

Answer by  carat1120 (7)

This varies depending on how long you've been with your union, and your type of pension. You'll want to talk to your union's human resources department for a definitive answer.

Answer by  dragonfly2 (41)

First check with Human Resources to see if you have a pension. What are the rules for withdrawal? Find the information from your work place and read it well. You do not want to collect too early and pay a penalty or taxes to the government. See a financial advisor so you use your money well.

Answer by  jrwheeless (16)

Pensions come in many sizes and flavors. Some pensions are dictated by an employee's age while others can only be collected after an employee completes an 'x' number years on the job. Private sector pensions usually fall in the latter category while government pensions tend to, but not necessarily, find their place in the former.

Answer by  cynosure (376)

It depends entirely upon the pension benefits outline contained in or appended to your collective bargaining agreement. Each deal will be different - without the CBA, there's no right answer.

Answer by  JDBIII (222)

The union pensions are distributed based on certain factors. Those factors should have been described to a union member when he or she signed up. It may depend on how long one has been a memeber, the age of retirement and the type of pension established.

Answer by  John (9008)

The rules for this vary from union to union, and can sometimes even differ depending upon your years of service or type of pension. You have to ask your union.

Answer by  Latin4 (11170)

Now adays you don't want to collect to early. We are living longer and will need the money. Contact your human resource person to discuss tollection.