Retirement > FAQs

FAQs

  1. I worked part of career in another jurisdiction. Why don't these hours show on my benefit statement?

    Hours worked in another reciprocal jurisdiction can be used to help a participant vest. However, each plan makes a separation benefit determination.

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  2. My retirement date is the first of the month. When will I receive my first check?

    The first retirement check is mailed on the 25th of the month. Subsequent checks are mailed or direct deposited on the first of the month. For example, if a participant retired effective June 1, his or her first check would be mailed on June 25th. The July check would be mailed on July 1st.

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  3. I signed up for direct deposit but my check was mailed to me. Why?

    Establishing direct deposit with a bank or savings and loan takes two months. The first month is a "trial run" to verify that all account information provided by the retiree and the bank was correct and that this information was processed correctly by the Trust. When the Trust receives confirmation that all banking information is correct, the direct deposit is made on the first of the following month. Direct deposits are always made on the first working day of the month.

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  4. How does the plan invest assets?

    The assets of the Carpenters Retirement Trust and the Carpenters Individual Account Pension Trust are invested together in a combined Trust which was valued at just over $1.4 billion as of December 31, 2010. The Carpenters Retirement Plan accounts for approximately $1.05 billion of the total and the Carpenters Individual Account Plan accounts for approximately $377 million. The chart below outlines the present asset allocation for the Trust as of December 31, 2010.
    Asset Category % of Assets
    Bonds
    26%
    Commercial Mortgages
    11%
    Real Estate Equity
    11%
    International Stocks
    12%
    Domestic Small Cap Stocks
    8%
    Domestic Large and Mid-Cap Stocks
    21%
    Private Equity
    6%
    Absolute Return
    5%
    Cash and short term bonds
    0%
    Total 100%

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