UAW LOCAL 912 RETIREES
Trane Retirement Information

If you are planning on retiring soon, you will need to apply 4 months before your retirement date.
  Call 1-866-472-6793 for help setting up your retirement.

The information below was submitted by a retiree who wants his fellow co-workers to be informed about the decisions that will have to be made AFTER you sign up to retire.
He had 27 years of service and these were the choices that he had to choose from:

Life Only - This option will pay $1352.42 monthly commencing September 1, 2012 and continue for as long you live. Payments will cease upon your death. No payment will be made to any spouse or beneficiary.

Five-year Certain and Lifetime Annuity - This option will pay $1,322.47 monthly commencing September 1, 2012 and will continue for long as you live. Should you die before 60 payments have been made, the balance of 60 monthly payments will continue to your beneficiary.

50% Joint & Survivor Annuity - This option will pay $1,187. 52 monthly commencing September 1, 2012 and continue for as long as you live. Should your spouse survive you, monthly payments of $593.76 will continue to be paid to your spouse for his/her remaining lifetime.

75% Joint & Survivor Annuity - This option will pay $1,119.28 monthly commencing September 1, 2012 and continue for as long as you live. Should your spouse survive you, monthly payments of $839.46 will continue to be paid to your spouse for his/her remaining lifetime.

100% Joint & Survivor Annuity - This option will pay $1,058.46 monthly commencing September 1, 2012 and continue for long as you live. Should your spouse survive you, monthly payments of $1,058.46 will continue to be paid to your spouse for his/her remaining lifetime.

50% Joint & Survivor Annuity Pop Up Annuity - This option will pay $1,172.13 monthly commencing September 1, 2012 and continue for as long as you live. Should your spouse survive you, monthly payments of $586.07 will continue to be paid to your spouse for his/her remaining lifetime. Should you survive your spouse then your benefit will Pop Up to the Life Only amount above upon the death of your spouse.

100% Joint & Survivor Annuity Pop Up Annuity - This option will pay $1,034.25 monthly commencing September 1, 2012 and continue for long as you live. Should your spouse survive you, monthly payments of $1034.25 will continue to be paid to your spouse for his/her remaining lifetime. Should you survive your spouse then your benefit will Pop Up to the Life Only amount above upon the death of your spouse.

Post 65 Supplemental Benefit - In addition to the benefits payable above, you are eligible for a supplemental payment commencing September 1, 2012 payable monthly in the amount of $32.00 for the remainder of your lifetime.

After reviewing this information, please complete the enclosed forms and return them along with the required documentation to our address below.

Enclosed forms to be completed and returned are:

 Application for pension (required)
 Direct Deposit Authorization Form (optional)
 W-4P Federal Tax Form (required)
 Required documents to be returned are:
 A copy of your Birth Certificate (required)
 If you are married, a copy of your Marriage Certificate (required if applicable)
 If you are married, a copy of your spouse's Birth Certificate (required if applicable)

RETIREES MEETING AT THE UNION HALL EVERY 4TH THURSDAY OF THE MONTH AT 1:00 pm