Pension and Annuity
Securing Your Financial Future
Too often we focus our time and energy on getting through the day, and forget to concentrate on what tomorrow will bring. Local 68 has made it almost impossible for our members to be faced with this kind of insecure future. We provide financial programs and benefits that give peace of mind to members, when they need it most.
Our pension fund is considered the premier New Jersey labor retirement plan and one of the highest paying pensions in the IUOE. Local 68 not only ensures the job security and welfare of each member today, but plans for each member to retire with the dignity and respect earned through a lifetime of hard work and union membership.
The annuity fund can be thought of as an extra retirement account. But in today's economy, with no assurance of government funded Social Security, Local 68 considers our annuity fund to be an insurance policy for a secure retirement. Contributions are made and credited to members accounts. The money collects interest continually at the highest rate payable in the state, providing a substantial supplement to a member's retirement funds.
Call Local 68 if you are Planning to Retire:
- If you plan to retire, please contact the Fund Service Office at 973-227-6426 at least six to eight weeks prior to your projected retirement date. Local 68 Pension Fund Trustees meet quarterly (March, June, September and December). Pension Fund Applications must be completed and approved through the Fund Service Office several weeks prior to the Pension Fund Trustees Meeting.
- Call the Fund Service Office at 973-227-6426 with any changes to your address, telephone number, marital status, beneficiary changes, or employment changes.