When can I collect my UFCW pension?
Once you are vested for a pension benefit, you are eligible to receive your unreduced benefit upon the attainment of age 65.
Does UFCW have a pension?
The FELRA & UFCW Pension Fund and the Mid-Atlantic UFCW and Participating Employers Pension Fund (MAP Fund) are the pension plans under which the Giant and Safeway members earned benefits through December 31, 2020. ... “This exceptional agreement is the first of its kind,” said Mark Federici, President of UFCW Local 400.
How does UFCW calculate pension?
a monthly pension provided by multiplying the amount of your employee contributions without interest by 15% and dividing by 12, or. the monthly pension provided by your employee contributions with credited interest as calculated using annuity factors determined by the Plan Actuary.
What is UFCW pension fund?
The UFCW Consolidated Pension Fund is located in Atlanta, Georgia and provides Pension benefits for eligible Union employees across the United States. The Pension Fund covers 23 Local Unions across 17 states, 29 contributing employers, 223,423 participants, 47,453 retired pensioners. LEARN MORE.