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Plan Overview

PENSION PLAN FOR AMALGAMATED CLOTHING & TEXTILE WORKERS UNION AF OF L-CIO HOURLY EMPLOYEES OF THE MCCALL PATTERN COMPANY

Defined Benefit Plan
PENSION PLAN FOR AMALGAMATED CLOTHING & TEXTILE WORKERS UNION AF OF L-CIO HOURLY EMPLOYEES OF THE MCCALL PATTERN COMPANY is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. The retirement benefit is typically payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. Benefits under this type of plan are often referred to as accrued benefits. This type of plan does not maintain individual accounts for employees.

It is important to remember that under this type of plan, the Alternate Payee is typically not awarded a lump sum cash payment from the Plan. It is usually a requirement of the Plan that the amount awarded to the Alternate Payee be expressed in terms of a monthly benefit payable for either the lifetime of the Participant or the Alternate Payee.

Plan & Company Information:
CompanyMCCALL PATTERN CO
C/O EMPLOYEE RELATIONS
615 Mccall Rd
Manhattan, KS 66502-5084
785-776-4041
Plan NamePENSION PLAN FOR AMALGAMATED CLOTHING & TEXTILE WORKERS UNION AF OF L-CIO HOURLY EMPLOYEES OF THE MCCALL PATTERN COMPANY
Plan Type Plan Type
Defined Benefit Plan
(Expanded Definition and Explanation)
Plan Administrator
615 Mccall Rd
Manhattan, KS 66502-5035
785-776-4041
   
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