Average Sheet Metal Worker Pension

In their late career 20 years and higher employees earn an.

Average sheet metal worker pension.

The 3 7 billion sheet metal workers national pension fund last month became the latest defined benefit plan to shift some investment risk to employees. If you are not a participant in the plan or if you are currently receiving retirement benefits from the plan please exit this screen immediately. The fairfax va based union pension fund. Benefits are paid as a monthly annuity or monthly payment.

All fund assets are held in one trust for the benefit of participants. Plan participant sign in. 15 or more years of pension credit including at least one year of future service credit and have attained age 55. In general your normal retirement age is age 65 or the fifth anniversary of your participation in the plan.

Sheet metal workers must calculate the proper sizes and angles of fabricated sheet metal to ensure the alignment and fit of ductwork. 2020 pension check posting dates retiree self payments effective march 1 2020. You must be considered retired under the plan to receive a pension meaning you cannot be engaged in any disqualifying employment or perform any work in the sheet metal industry as of the date you want benefits to start. There are no individual accounts.

Sheet metal workers need good hand eye coordination and motor control to make precise cuts and bends in metal pieces. The sheet metal workers national pension fund is a defined benefit pension fund. An experienced sheet metal worker with 10 19 years of experience earns an average total compensation of 28 18 based on 245 salaries. The information provided after successful login is for the exclusive use of active participants of the sheet metal worker s national pension fund.

As of june 30 2019 the pension fund provided approximately 3 000 retirees and beneficiaries with a monthly pension benefit. A message from the smw national pension fund board of trustees. Sheet metal workers use saws lasers shears and presses. If you do not have an hour of work after january 1 1988 your normal retirement age is age 65 or the tenth anniversary of your participation in the plan.