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INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98 PENSION PLANSUMMARY PLAN DESCRIPTIONDated: January 1, 2014SUMMARY PLAN DESCRIPTION of the INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 98 PENSION

How to fill out local 98 pension plan

How to fill out local 98 pension plan:

1. Obtain the necessary forms: Start by contacting the local 98 pension plan administrators or visiting their website to request the required forms for enrollment or updating your pension plan information.
2. Provide personal information: Fill in your personal details such as your full name, date of birth, social security number, and contact information on the designated sections of the form.
3. Employment history: Include your work history and details of your employment with local 98. This may involve providing information on the dates of employment, job title, and other relevant employment details.
4. Contribution details: Enter the amount you wish to contribute to the pension plan. This can be a fixed amount or a percentage of your salary. Ensure that you understand the contribution rules and any maximum limits set by the pension plan.
5. Beneficiary designation: Indicate who you would like to receive your pension benefits in the event of your death. This may involve providing the full name, date of birth, and relation of the designated beneficiary.
6. Review and sign: Carefully review all the information you have entered on the form to ensure accuracy. Sign and date the form in the appropriate places to indicate your consent and agreement with the terms of the pension plan.

Who needs local 98 pension plan:

1. Local 98 employees: The local 98 pension plan is designed specifically for employees of local 98 or related industries who meet the eligibility requirements. It provides retirement benefits for individuals who have worked for local 98 and contributed to the pension plan.
2. Union members: If you are a member of the local 98 union or affiliated unions, you may be eligible to participate in the local 98 pension plan. This plan offers retirement benefits as a part of the union's overall compensation package.
3. Individuals seeking retirement security: The local 98 pension plan is suitable for individuals who are concerned about their financial security during retirement. It offers a reliable source of income to supplement other retirement savings and Social Security benefits, providing peace of mind for the future.

For pdfFiller’s FAQs

What is local 98 pension plan?

Local 98 pension plan is a retirement plan specifically for members of Local 98, a labor union.

Who is required to file local 98 pension plan?

Employers who have employees who are members of Local 98 are required to file the pension plan.

How to fill out local 98 pension plan?

To fill out the local 98 pension plan, employers must provide information about their employees who are members of Local 98, including salary, contributions, and other relevant details.

What is the purpose of local 98 pension plan?

The purpose of the local 98 pension plan is to provide retirement benefits for members of Local 98 and ensure financial security during their retirement years.

What information must be reported on local 98 pension plan?

Employers must report information such as employee salaries, contributions to the pension plan, and any other relevant financial details.

When is the deadline to file local 98 pension plan in 2023?

The deadline to file the local 98 pension plan in 2023 is typically April 15th.

What is the penalty for the late filing of local 98 pension plan?

The penalty for late filing of the local 98 pension plan may include fines or other enforcement actions by the relevant authorities.

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