SMART LOCAL 10
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Local #10 Pension Fund

The Sheet Metal Workers' Local #10 Pension Fund was created to help provide financial security to you and your family upon your retirement, death, or disability.  The benefits provided by the Plan are funded by employer contributions for workers covered by various sheet metal collective bargaining agreements.  The Plan is a Defined Benefit Plan that provides a monthly retirement benefit upon retirement age. You must become vested under the rules of this plan in order to be eligible for a benefit. 

In order to be vested for a normal retirement you must have at least 5 years of service on an annual basis (generally in April or May you are mailed an annual pension statement).  This statement includes the amount of service credits you have accrued.

Two of the most important documents you as a member should know are the Summary Plan Description (SPD) and the Summary of Material Modifications (SMM). Both should be reviewed in depth to understand your Local #10 pension fund.
What is a Summary Plan Description?
This document will provide a summary of the benefits provided by the Plan. Please click on the link for the latest version of the Summary Plan Description (SPD). You can also contact the Fund Office at (651) 770-0991 to request that a document be mailed to you.
Local 10 Pension Summary Plan Description
What is a Summary of Materials Modifications?
The Summary of Material Modifications include any changes made to the plan since the Summary Plan Description was last printed. If you view the SPD document make sure you also review the SMM. Please click on the link for the latest version of the Summary of Material Modifications (SMM).
Local 10 Pension Summary of Material Modifications
PF 12.2016 SMM Benefit Multiplier 0.66%
Can I Request a letter of vesting?
Yes, contact Benefits Office by emailing Sheila Rice. Please provide your name, social security number, date of birth, and your current address.  Please allow at least 7-14 days for the information to be mailed to you.
Plans Administrator: Sheila Rice
Direct Dial: (651) 770-0991 ext. 401
​Email: srice@smwbenefits.com
How do I request an estimate of benefits for the Sheet Metal Workers' Local #10 Pension Fund?
Contact Benefits Office by emailing Sheila Rice. Please provide your name, social security number, date of birth, and your current address.  Please allow at least 7-14 days for the information to be mailed to you.
Plans Administrator: Sheila Rice
Direct Dial: (651) 770-0991 ext. 401
​Email: srice@smwbenefits.com
What is the Current Accrual Rate?
For work performed on and after January 1, 2021, the amount of a participant's regular pension will be determined by multiplying all contributions earned in a year by 1%.  A special calculation is no longer required when a participant works and earns contributions at more than one hourly rate in a year - the formula bases the benefit on total, actual contributions earned.
For Example:
Jerry worked 1,800 hours in 2022.  His contribution rate is $3.00 per hour.  Thus, total contributions earned by Jerry in 2022 were $5,400.00. (1,800 hours x $3.00 per hour). Jerry’s pension credit earned in 2022 is $54.00.  This is calculated by multiplying $5,400.00 in contributions by 1%.

Please note: You must have at least 1400 hours contributed on your behalf in a calendar year in order to accrue a full pension credit for that year. Partial credit is applied in tenths.
What options do I have for retirement?
  • Normal Retirement
  • Rule of 90 Retirement  (Yes, you may still be able to benefit from the Rule of 90.)
  • Early Retirement
  • Disability Retirement
  • Partial Retirement
  • Vested Defined Retirement
I'm planning on retiring what should I know? 
Please be advised that if you are planning on retiring within the next 6 months, you should take action now in order to ensure that you will receive benefits immediately upon retirement. Although the Sheet Metal Workers' Local #10 Pension Fund only requests 3 months notice, the Sheet Metal Workers' National Pension Fund requests up to 6 months in advance.
Thinking of Retiring
How do I apply for retirement benefits?
You must apply for your retirement benefits from this fund by contacting the Benefit Office and making a retirement appointment with Sheila Rice by phone or email.
Plans Administrator: Sheila Rice
Direct Dial: (651) 770-0991 ext. 401
​Email: srice@smwbenefits.com
Pleas Note: If you are already Retired, or if you would like to change the amount of your federal tax being withheld or elect/change your direct deposit please print/view the documents below click links below.
SMW Local 10 Pension Fund Direct Deposit Form
2023 Federal W4-P Tax Form
2023 MN Rev W-4MNP
Non Residency Form

Please click below for access to Local #10 Pension Fund Forms required for retirement

SMW Local #10 Pension Application Form
Retirement Declaration Form

Disability Retirement Declaration Form (If Applicable)
Retirement Option Election Form

Authorization for direct deposit form
2023 Federal W4-P Tax Form

2023 MN Rev W-4MNP Tax Form

husband/wife pension rejection form

Contact us

SMART Sheet Metal Workers' Local #10
1681 East Cope Avenue Suite A
Maplewood, Minnesota 55109

Office: 651-770-2388 | Fax: 651-770-8539
office@smw10.org

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  • Home
  • LOCATIONS / TRAINING
    • Metro
    • Central MN
    • Nothern MN
    • Southern MN
    • North Dakota
    • South Dakota
    • TRAINING/EDUCATION
  • Members
    • Recent News
    • DUES INFORMATION >
      • FORFEITED MEMBERS
    • PRODUCTION
    • Recently Deceased Members
    • RETIREE Information >
      • Newly Retired Members
    • UNEMPLOYMENT INFO BY STATE
  • Benefits
    • ADDRESS CHANGES
    • ARTICLES OF INTEREST
    • BENEFICIARY DESIGNATION
    • MEDICAL >
      • active members >
        • Health & Welfare Rates
        • Open Enrollment
      • Benefit Programs
      • Health Fund Plan Documents
      • Retired Members >
        • health & Welfare Rates
        • Open Enrollment
    • PENSIONS >
      • Local 10 Pension
      • National Pension
      • Supplemental Retirement
    • SAFE Plan
    • STAFF
    • VACATION FUND INFORMATION
  • RESOURCES
    • Links
    • Market Recovery
    • Prevailing Page
    • Politics
    • Calendar
    • Apparel
  • About Us
    • Organizing
    • Contact Us
    • Staff
    • Contractors