1099-R Forms Now Available Online!
The mailing of 2015 Form 1099-Rs to Benefit Recipients was completed on January 29, 2015. They are also available online through our secure login for Benefit Recipients.
E-Remit Secure Online Payment Feature
E-Remit now includes a secure on-line payment feature. Look for the "Pay Now" button on the confirmation page after uploading your file. See our tutorials to learn more about the E-Remit contribution reporting system by clicking here
Sign up for E-mail Notifications from the Fund
You can now opt in for e-mail notifications when you log in to IPASS.
Receive a special e-mail only newletter and updates about improvements to IPASS.
Our Secure System for Participants and Benefit Recipients Available 24/7
Participants - Manage your personal information, complete a pension application or get an estimate online. Benefit Recipients - Sign up or change your direct deposit with our IPASS system. Just click here to get started!
Looking for Standard Contract Language?
New Standard Contract Language for the IAM National Pension Fund and instructions are now available here.
Apply for Your Pension Benefit Online and Potentially Lock In an Earlier Pension Effective Date!
Online pension application screens have been updated to make applying faster and easier.
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How to Apply for IAMNPF Pension Benefits
Frequently Asked Question (FAQ)
What if I get married?
- If you get married after your plan entry date, you may need to update your plan beneficiary information.
- When you apply for your pension benefits, you will need to send the Fund Office official copies of your marriage certificate and your spouse's birth certificate if electing 50%, 75% or 100% Joint and Survivor Benefit.
What if I stop working under covered employment?
- Keep the Fund notified of any change in your address on file with the Fund Office, as necessary.
- Apply for your pension when you are ready to retire if you are vested and meet the eligibility requirements.
Is participation in the plan limited to IAM members?
No. Companies with participating IAM members can include other collectively bargained and certain non-union or special-class employees in the plan.
Does any portion of union dues go toward this plan?
No. Negotiated employer contributions fund the plan.
How is the plan funded?
The plan is funded through employer contributions and earnings on investments.
Why is there a joint Board of Trustees?
The National Pension Plan is a joint labor-management multiemployer pension plan. It is legally required to have representation by both IAM leaders and contributing employers.
What do you mean when you say that benefits are "portable"?
If you are a participant of the National Pension Plan, and you go to work for another employer who also contributes to the National Pension Plan, you continue to accrue benefits under the plan.
How many participants are in the National Pension Plan?
The plan currently covers more than 100,000 active participants.
Can a company of any size join the National Pension Plan?
Yes. The plan covers members from companies of any size, from one member to thousands of members.
What is the current range of employer contribution rates?
Contribution rates range from $0.10 to $28.50 per hour.
What is the average employer contribution rate?
The current average contribution rate is $1.85 per hour.
Can I be in the National Pension Plan and contribute to an IRA (Individual Retirement Account)?
Yes. However, you should consult with a tax advisor, as some tax benefits of an IRA are limited if you're also in a pension plan.
When was the Fund started?
The Fund was established in 1960.
Who manages the Fund's assets?
The Fund's assets are managed by professional investment managers who follow the investment objectives set by the Fund's investment committee.
Who oversees the Fund's operations?
The joint Board of Trustees is responsible for overseeing the Fund's operations and performance. The Fund Director oversees its day-to-day operations.
What does the Fund do with earnings on investments?
The Fund is a not-for-profit organization. All investment earnings are used to provide benefits to pensioners and beneficiaries, and to cover the cost of running the Fund.
Who does the Fund Director work for?
The Fund Director works for the benefit of all plan participants and beneficiaries and reports directly to the Fund's joint Board of Trustees.
How is the Fund Director selected?
The Fund Director is selected by the Board of Trustees based on his or her professional experience and credentials.
What states have the greatest number of contributing employers to the Fund?
They are, in order: 1) Illinois; 2) California; 3) Ohio.
Does the National Pension Plan have contributing employers in every state?
There are only a few states that do not have contributing employers.
How do I change my address?
You may change your address by sending written notification (Change of Address Form for Benefit Recipients, PDF available here) to the Fund Office or by calling the Fund Office. If you call, certain additional information may be needed (including written confirmation with your signature) to make such a change.