WELS Pension Plan changes announced

The Normal Retirement Age of the WELS Pension Plan (the “Plan”) will be raised to align more closely with the Social Security normal retirement age for benefits earned beginning January 1, 2014.

Important Note: The new normal retirement age will not modify or reduce any benefits earned by participants through December 31, 2013. This change is prospective and will only affect benefits earned for service performed on or after January 1, 2014.

The complete packet of information sent to all active participants is available by clicking this link.