Union Member Solutions
Make The Most Of The Benefits You’ve Worked To Earn
For many union members, retirement planning is about more than building assets. It is about understanding how pensions, defined contribution plans, healthcare benefits, and key timing decisions all work together. Megent Financial helps union members sort through that complexity with practical support designed to help them understand what they have, what decisions need to be made, and how those choices can affect retirement.
Pensions & Benefits Education
Understanding your union benefits is easier when you have the right guidance in the right format. Megent helps union members make sense of pensions, healthcare benefits, and retirement-related decisions through onsite retirement seminars, complimentary one-on-one consultations, and virtual webinars, videos, and resources. That educational support is designed to help you better understand what you have earned, what decisions may be ahead, and how to move forward with greater confidence.
Pensions & Benefits Planning & Coordination
Retirement often comes with more moving parts than people expect, from pension elections and benefit timing to healthcare decisions and family considerations. Megent helps coordinate those pieces through seminars, complimentary one-on-one consultations, and other resources that make a complex process feel more manageable. The goal is to help you understand how everything fits together so your decisions support the life you want to build in retirement.
Defined Contribution Plan Guidance
Your defined contribution plan can play an important role in your overall retirement strategy, especially alongside pension income and other benefits. Megent provides guidance through consultations, virtual webinars, videos, and more to help you understand how that plan fits into the bigger picture. With a more informed approach, you can make decisions that are better aligned with your goals, your timeline, and your long-term financial well-being.
Questions About How We Work? Start Here.
If you are a union member, chances are you have questions that go beyond basic investment advice. These FAQs address some of the most common concerns we helps clients work through every day.
Yes, because a pension is important, but it is usually only one part of your retirement picture. A pension can provide a strong foundation for retirement income, but it does not automatically answer questions about your defined contribution plan, healthcare benefits, taxes, survivor options, withdrawal strategy, or how everything fits together for your family. Many union members also face deadlines, paperwork, and retirement elections that can be hard to navigate on their own. The financial advisors at Megent Financial help clients look at the full picture so retirement decisions are made in context.
You should understand your pension options, your healthcare benefits, your other retirement assets, and the timing of important decisions. You may need to make decisions about pension commencement, survivor benefits, healthcare coverage, rollover options, and income planning, all within a relatively short window. Those choices can affect not only your monthly income, but also your spouse, your long-term flexibility, and the legacy you leave behind.
In many cases, yes, but whether you should depends on your plan rules, your goals, and your overall financial situation. Some union members have defined contribution plans that work similarly to a 401(k), and those assets may be eligible for rollover when retirement or separation occurs. But eligibility is only one part of the decision. It is also important to consider how that money fits with your pension income, your other assets, your tax situation, and your need for flexibility or long-term growth. We help clients evaluate those choices carefully so they understand both the opportunities and the tradeoffs before taking action.
The earlier you start, the more time you have to understand your benefits and make informed decisions. While many people wait until they are only a year or two away from retirement before digging into the details of their benefits, it can make the process feel rushed when major choices start stacking up. Starting earlier gives you more time to learn how your pension and other benefits work, understand what retirement could look like, and identify any gaps or opportunities before decisions become urgent.
You are ready when your income sources, benefits, assets, and goals have been evaluated together and are set up to support the lifestyle you want to live. For union members, retirement readiness often involves understanding how pension income, defined contribution assets, healthcare benefits, monthly expenses, and family priorities all work together. You may have more resources than you realize, but without coordination, it can still be hard to feel confident about the next step.
