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November 29, 2015

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Pension System for IBEW 332 Material Handlers, Residential Wiremen, Sound & Communication Techinicians & Installers, and their Apprentices
Updated On: Jan 10, 2013

9th District Pension Plan Q & A

Sound & Communications Members,
Residential Wireman and Material Handlers. 

Q: I have been laid off; can I withdraw the money in my account?

A: No, This is a Pension Plan; the funds may only be withdrawn if you going to retire and are no longer working in the Electrical or Sound and Communication industry, either Union or Non-Union. If you meet these requirements, the funds can be withdrawn or rolled over into another qualified pension plan or an IRA. Contact the 9th District Office at 800-804-2385; they will advise you on how to proceed. It will also be necessary for you to withdrawl membership from the Union to withdraw these funds.

Q: How much is in my account?

A: .
Please Call (800) 804-2385.

Q: Where is the money being invested?

A: It is with The Principal Group Online (User ID and PIN are required) or over the phone at (800) 547-7754.

Q: Can I change where my money is being invested?

A: Yes. You are able to do this either online with The Principal Group or over the phone at (800) 547-7754

Q: Who have I named as beneficiary?

A: Please call (800) 804-2385

Q: How do I become vested?

A: The money contributed on a participants behalf and any voluntary contributions are your money from day one, dollar one. The Plan provides for immediate 100% vesting of all contributions to your account.

Q: When can I retire under the Plan?

A: The Plan provides for Early Retirement on the first day of the month following the participant’s 55th birthday. Normal Retirement under the Plan is age 65.

Q: What payment options are available for Retirement Benefits?

A: The Principal Group or over the phone at (800) 547-7754

For more specific information about any of the above you should contact contact the Sound and Communications 9th District Pension Office at 800-804-2385.

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Upcoming Events
IBEW LU 332 General Membership Meeting
Dec 01, 2015
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Executive Board Meeting
Dec 08, 2015
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Dec 09, 2015
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IBEW Local 332 Annual Holiday Party
Dec 12, 2015
IBEW 332 Meeting Hall, 2125 Canoas Garden Ave, San Jose, 95125
EWMC Committee Meeting
Dec 16, 2015
2125 Canoas Garden Ave San Jose CA 95125
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