OF THE PENSION PLAN AS OF JANUARY 1, 2004:
are two types of Pension Credits:
Service Credits are
earned while working in the construction industry, after local’s first
Collective Bargaining Agreement as a construction laborer, and contributions are
paid by employers on your behalf.
Through December 31, 2000 – One fourth
(1/4) of a credit is received for each 250 hours worked, up to 1,000 hours or
one (1) year of credit.
January 1, 2001 - One tenth (1/10) of a credit is received for each 100 hours
worked, up to 1,000 hours or one (1) year of credit.
earned while working prior to the local’s first Collective Bargaining Agreement
requiring Pension Fund contributions.
determined by adding Past and Future credits. Through December 31, 1985, benefits were
paid on twenty five (25) years.
After January 1, 1986, no year limitation.