UFCW Midwest - Midwest Health and Pension Funds

United Food & Commercial Workers

Unions and Employers

Midwest Health and Pension Funds

Different Ways to Receive Your Pension

There are various ways that your pension can be paid to you when you retire, depending on your age, your years of service and when you left Covered Employment.

Single-Life Pension

A monthly pension that is payable only to you for the rest of your life is called a Single-Life Pension. If you are not married when your pension begins, this is the way your pension will be paid.

50% Joint and Survivor Pension

A 50% Joint and Survivor Pension is a reduced monthly pension that is payable to you for the rest of your life and, if you die before your spouse, 50% of your reduced pension that is payable to your spouse for life.

If you are married when your pension begins, Federal law requires that a 50% Joint and Survivor Pension is the way your pension will be paid unless your spouse waives his or her right to this form of payment.

The percent of a Single-Life Pension that is payable for various ages under the 50% Joint and Survivor Pension is shown in the following table:
 

Your Spouse’s Age Your Age when your Pension Starts
  55 57 60 63 65
53 93.08% 91.86% 89.68% 87.04% 84.99%
55 93.61% 92.45% 90.37% 87.82% 85.83%
57 94.14% 93.05% 91.07% 88.62% 86.70%
60 94.92% 93.94% 92.13% 89.87% 88.07%
63 95.68% 94.81% 93.20% 91.14% 89.48%
65 96.16% 95.37% 93.89% 91.98% 90.43%
67 96.62% 95.91% 94.56% 92.81% 91.37%
69 97.04% 96.41% 95.20% 93.61% 92.28%


75% Joint and Survivor Pension

A 75% Joint and Survivor Pension is a reduced monthly pension that is payable to you for the rest of your life and, if you die before your spouse, 75% of your reduced pension that is payable to your spouse for life. Choose this form of payment if you want to provide a larger benefit to your spouse in the event of your death.

The percent of your Single-Life Pension (described at the top of this page) that you will receive under the 75% Joint and Survivor Pension is shown in the following table for various ages:
 

Your Spouse’s Age Your Age when your Pension Starts
  55 57 60 63 65
53 89.97% 88.27% 85.29% 81.75% 79.06%
55 90.71% 89.09% 86.22% 82.78% 80.15%
57 91.46% 89.92% 87.17% 83.85% 81.29%
60 92.57% 91.18% 88.65% 85.54% 83.11%
63 93.66% 92.41% 90.13% 87.27% 85.00%
65 94.35% 93.22% 91.11% 88.44% 86.29%
67 95.01% 93.98% 92.06% 89.59% 87.58%
69 95.63% 94.71% 92.97% 90.70% 88.85%


100% Joint and Survivor Pension

A 100% Joint and Survivor Pension is a reduced monthly pension that is payable to you for the rest of your life and, if you die before your spouse, 100% of your reduced pension that is payable to your spouse for life. This form of payment provides the largest benefit to your spouse in the event of your death.

You may not choose the 100% Joint and Survivor Pension if the last year of Credited Service you earned was before your 54th year of birth.

The percent of your Single-Life Pension (described at the top of this page) that you will receive under the 100% Joint and Survivor Pension is shown in the following table for various ages:
 

Your Spouse’s Age Your Age when your Pension Starts
  55 57 60 63 65
53 87.06% 84.95% 81.30% 77.06% 73.90%
55 87.99% 85.97% 82.43% 78.28% 75.17%
57 88.93% 87.00% 83.60% 79.57% 76.52%
60 90.34% 88.57% 85.41% 81.60% 78.68%
63 91.72% 90.14% 87.26% 83.72% 80.96%
65 92.60% 91.15% 88.48% 85.15% 82.52%
67 93.45% 92.14% 89.68% 86.58% 84.10%
69 94.25% 93.07% 90.84% 87.98% 85.66%

 
  

(Updated 06/19/13)