IUOE Local 150
IUOE Local 150
MOE Benefit Funds
MOE Benefit Funds
Apprenticeship and Skill Improvement Program
Apprenticeship and Skill Improvement Program
Employer’s Hub
Employer’s Hub
My150
My150

Thank you to everyone who attended our 2024 Pre-Retirement Seminars! Tap the link below to view the District 1 Pre-Retirement Seminar Recap Video:

District 1 Pre-Retirement Seminar Recap Video

 

If you have any questions or wish to meet with the Retirement Services Group, please call 708-579-6630.

Make the Rest of Your Life the Best of Your Life!

 

What should I do if I'm thinking of retiring?

  • Attend a Pre-Retirement Seminar
  • Request a “Retirement Planning” appointment with the Retirement Services Group
    • Discuss available Pension options
  • Obtain a benefit estimate from the Retirement Services Group
  • Speak with a financial advisor to discuss your retirement portfolio
    • Megent is available to assist with your Local 150 retirement

How to request a Pension Application

  • Contact the Retirement Services Group and request a Pension Application
    • Up to 180 days prior to your anticipated retirement
  • Begin gathering required documents:
    • Valid Driver’s License
    • Birth Certificate and Spouse Birth Certificate
    • Medicare Card (if applicable)
    • Social Cards
    • Marriage Certificate
    • Divorce Decree, Marital Settlement Agreement (MSA), Qualified Domestic Relations Order (QDRO), if applicable
    • DD214 (if discharged from the military
    • Social Security Statement (Level Income Option + WRP)
    • SSA Award Letter, if applying for All Work Total Disability
  • Failure to submit all required documents will delay your retirement

What should I do if I'm ready to submit my Pension Application?

  • Schedule a “Pension Application” appointment with the Retirement Services Group (RSG)
  • Come prepared with the following
    • Your application
      • Complete as much of the application as possible prior to your appointment
    • Required documents
    • Voided check OR a letter from your financial institution with account details
    • To designate beneficiary(ies), you will need the following:
      • Name, address, date of birth, SSN

Who can I contact if I need assistance with financial planning for retirement?

  • Megent Financial- As a dues paying member in good standing, through the Midwest Coalition of Labor (MCL), members can use Megent Financial for financial planning services-free of charge! Click here for more information.
  • Fidelity Investments- They are the current record keeper for the Retirement Enhancement Fund (REF). They too can provide retirement planning services for members of Local 150.  You can also schedule a one-on-one appointment with a Fidelity Investments Retirement Planner by calling (866) 848-6466.