About Local 338’s Retirement Department
The Local 338 Retirement Fund is one of the most important benefits that our union negotiated for you. The Fund was established over 66 years ago and has a great history of providing our members with financial security and dignity during their retirement. The Local 338 Retirement Department is committed to providing superior member service to all active, terminated vested, and retired members. Our goal is to ensure any and all questions or concerns you may have are addressed and provide all necessary information so that your transition into retirement will be as seamless as possible.
By the calling the Local 338 Retirement Department, our representatives will guide you through the process of applying for your pension. We will provide you with all the documents you need (estimate letter, application, etc.) and answer any questions you may have regarding your pension. You worked hard for your benefit, and you deserve to have a seamless application process. If you are already an Active Pensioner, the Department can assist you with award letters, direct deposit forms, tax withholding forms, and other important documents. For more information please call, the Local 338 Retirement Department at 516-294-1338 ext. 1305.
Sign Up for Your “My Local 338” Account
As a Local 338 Retiree, you have the ability to sign up for a “My Local 338” account.* Your account will give you access to:
• Exclusive discounts for Local 338 members and retirees
• Local 338 news and events
• Information about your retirement plan
To sign up for your “My Local 338” account, simply visit: mylocal338.org
*Please note that only Local 338 retirees currently collecting their pension or annuity are eligible to register for an account.
Your Retirement Checklist
After you determine what you age you can or would like to retire at, there are a number of important steps you should take to make sure that you’re fully prepared to make the most of your retirement.
1. Determine the best age to file for your Social Security retirement benefits. (Note: every year you retire earlier than your normal retirement age, you incur a reduction in your full social security benefit; every year you wait to collect until after your normal retirement age, your benefit increases; normal retirement age depends on when you were born. For example, those born between 1943 and 1954, your normal retirement age for Social Security is age 66. Check this site to learn more: https://www.ssa.gov/planners/retire/retirechart.html.
2. Call the Local 338 Retirement Department at 516-294-1338 ext. 1305 to request a pension application.
3. 3. Sign up for Medicare B and D and a Medigap Plan (Medicare supplement), or a Medicare Advantage Plan (Medicare Part C); (Note, you will be automatically enrolled in Medical Part A (hospitals) when you turn age 65; but, within a limited time after you lose your healthcare coverage, you must also enroll for Medicare Part B (doctors) and Part D (prescriptions) or you may face a premium penalty for life; for more information, visit: medicare.gov/your-medicare-costs/part-b-costs/part-b-late-enrollment-penalty)
4. Pay off your debt.
5. Prepare a budget for your expenses.
6. Purchase a life insurance policy.
Retired from My Job, Not My Union
Congratulations to Our Newly Retired Local 338 Members!
Click Here to Celebrate All of Our Your Fellow Members who Retired This Year
Opportunities to Get Involved
Even though you may have retired from your job, you never retire from your union. That’s why we encourage you to remain involved. Local 338 has a number of opportunities throughout the year to support your fellow members; whether it’s by donating to our annual toy drive, joining us at a rally or by helping us get our neighbors out to vote.
For more information about upcoming political, charitable and other events, please log in to your “My Local 338” account!
Useful Links & Resources for Local 338 Retirees
Medicare - medicare.gov
Social Security - ssa.gov/
AARP, which can provide a number of important information and resources for retirees, including about health care and budgeting – aarp.org
Medicare Supplement Insurance - aarpmedicareplans.com/health-plans/medicare-supplement-plans.html
Staying Healthy After Retirement
How to Avoid Tax Penalties After Retirement
Stay in Touch with a Free Cellphone
Eligible seniors might qualify for a free cell phone through the federal program, Lifeline. For more information, visit: assurancewireless.com/
Interested in Volunteering?
Check out VolunteerMatch.org which can help you find local organizations seeking volunteers in a variety of different service areas that might be of interest to you.