Annuity Back to Member Services Annuity Most Frequently Asked Questions How do I become Eligible for Benefits? When a Participant retires or terminates his employment, he will be entitled to receive his Accumulated Share when he meets one of the following requirements. The Accumulated Share is the amount in the Participant's Individual Account as of the most recent Valuation Date plus interest and Employer contributions, if any, received on the Participant's behalf since that Valuation Date. Retirement at age 62 or older. Retirement on a Service Pension from the California Ironworkers Field Pension Plan. At any age younger than 62 if there have been no contributions to the Participant's Individual Account for at least six (6) consecutive months. Total and permanent disability. When can I Apply for Benefits? You may apply for benefits whenever you stop working and meet the eligibility requirements outlined above. Your surviving spouse or beneficiary should apply for benefits following your death. An application takes approximately 30 days to process. How Do I Apply for Benefits? The first step in applying for benefits is to request an application from the Trust Fund Office. This form is available on this Web Site. If you wish to receive your Annuity in a lump sum, you will be required to complete a termination agreement. If you wish to roll the funds over into an IRA, you will be required to complete a termination agreement along with a Direct Rollover form. Both the member and his/her spouse's, if married, signatures must be notarized on the application. Please be sure that the Notary places two seals on the application! If you are applying for benefits based on total and permanent disability, you will be required to complete a disability certificate, which is available from the Web Site (ELG-002) or the Trust Office. Your doctor is required to complete a portion of this form. Upon receipt of the paperwork, the Trust's medical consultant will review the information to determine if you are eligible to withdraw your annuity under this rule. ANN-001 Annuity application cover letter, please read the instructions carefully for information on applying for you Annuity Benefits ANN-002 Annuity Appeal Procedures, Please read These instructions carefully for information on applying for Annuity Benefits ANN-003 Annuity Application, Please complete this form if you wish to withdraw the funds in your Annuity Benefits ANN-004 Annuity Direct Rollover Form, Please complete and submit along with ANN-003 if you wish to roll the funds in your annuity account to Qualified Plan ANN-005 Annuity Safe Harbor Rules; Information on taxes What Is The Balance Of My Annuity Account? You may log on to the Vanguard Website at www.vanguard.com or contact them at (800) 523-1188 to obtain this information. How to Appeal a Decision on Your Benefits? Please refer to the following link ANN-002