Eligibility Requirements as a Retiree

A retired individual qualifies for benefits as an Eligible Retired Participant under the Retiree Health Plan if all of the following conditions are satisfied:

TYPES OF MONTHLY RETIREMENT OPTIONS

Age 55

The indiviual is age 55 or over at the time of retirement and is currently receiving a pension through the NJ Carpenters Pension Fund

25 Years of Active Coverage

The individual has been covered under the Active Employees Health Plan for 25 years.

Active Coverage

The individual has a level of coverage under the Active Employees Health Plan at the time of retirement

Union Dues are Paid

The individual's union dues are paid up to date with their Local Union

Payment of Premium

The individual makes all premium payments required for coverage under this Plan

Monthly Premiums

For Health & Welfare Coverage

(amounts are automatically deducted from monthly Pension payments)

Pre-Medicare Retirees

$1,042 per month total
  • MONTHLY PREMIUM COVERS
  • Participant
  • Spouse
  • and Child/ren (under 26)

Medicare Eligible Retirees

$183.05 per month/per individual
  • MONTHLY PREMIUM COVERS
  • Participant $183.05
  • Spouse $183.05
  • -

*Regardless of Medicare eligibility status, the premium will remain at $1,042 if a dependent child/ren is on the policy.

RETIREE HEALTH COVERAGE FAQs