MEEPP
Updated 07/15/08 5:21PM

Information about the Michigan Electrical Employees Pension Plan.

The Michigan Electrical Employees Pension Plan (MEEPP) is a defined benefit pension plan with a monthly benefit payment based on a calculation of total contributions times a multiplier. Due to changes in funding levels of the penion plan throughout the 40 years of operation, there are several multiplier levels. You may contact the fund to have your current benefit calculated, which is the most accurate method for doing this.

This plan offers participants several options for payment including a joint and survivor benefit in the event of the participants death after retirement, as well as other options for payments in the event that the participant were to die before retirement. The MEEPP is the largest of our various retirement plans in both contributions and payout. Contributions are paid in accordance with negotiated rates.

Make sure you check out the link at the right to learn more about this very valuable retirement tool.

*Please note that this information is not a promise of benefits but a brief description of benefits offered, information may be inaccurate and any actual benefits will be determined entirely by the funds in question.

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