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Anchorage, AK 99503

 
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Retirees - Working After Your Retirement

You may return to work after your retirement; however, you must notify the Administrative Office in advance if you are retired and intend to return to work in Alaska:

  • in a job classification, the core skills and responsibilities of which are the same as or similar to those of employment in which the Participant was engaged at any time while accruing a benefit under the Plan, whether or not such employment is under the terms of a Collective Bargaining Agreement or Special Agreement, or in a supervisory capacity over such job classification
  • in the industry in which the participating employers participate (any business activity of the type engaged in by the employers maintaining the Plan).

Over time, signatory employers to the Plan have participated in a growing number of industries. Employment in industries other than the electrical industry.

If you return to work in a job classification described above, you will not receive your pension payments for any month that you are paid for more than 40 hours a month.  Please contact the Administrative Office if you have any question about whether a certain type of employment would bring about the suspension of your retirement benefits. 

If you return to work and fail to notify the Administrative Office, they will presume you are working more than 40 hours a month and will suspend your pension payments.

You will accrue additional benefits while you are working in Alaska in a covered position for a contributing employer.

Suspending Your Pension Payments

Your early (or late) retirement reduction (or increase) factor will be adjusted when you resume your pension payments the first time you suspend and resume benefits.  This adjustment to the early (late) retirement reduction (increase) factor is made only once no matter how many times your benefit payments are suspended.  You may initiate your first suspension of benefits by filing a Suspension of Benefits Form.

Please note that your retiree Health & Welfare coverage will terminate the month you return to work.  If you would like continuous medical coverage, you are responsible for self-payment of your retiree coverage until your active coverage is effective.

Resuming Your Pension Payments

When you stop working, notify the Administrative Office by either filing a Revocation of Voluntary Suspension form to resume your monthly pension payments.

For detailed information about returning to work, please review the Summary Plan Description.

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