Your beneficiary, the person you choose to receive your pension death benefit, plays a crucial role in your pension plan. Under pension legislation:
Ellement or the MSBA Pension Plan does not verify or assume any responsibility for the validity of your beneficiary designation(s).
If necessary, please contact Ellement for the applicable form(s) to update your beneficiary designation, marital status, or family situation. You must make these changes in writing on the applicable form(s).
Note: If you name someone under 18 as your pension beneficiary, you must also name an adult trustee to receive payment on behalf of the underaged pension beneficiary.
Your normal retirement date under the Plan is the first day of the month coinciding with or immediately following your 65th birthday. You may retire early any time after you have reached age 55...