Laborers National Pension Fund

HIGHLIGHTS OF THE PENSION PLAN AS OF JANUARY 1, 2004:

EARNING PENSION CREDIT

There are two types of Pension Credits:

Future 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.

Effective 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.

Past Service Credits are earned while working prior to the local’s first Collective Bargaining Agreement requiring Pension Fund contributions.

Total Pension Credits are 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.

VESTING

Prior to 12/31/1991 – 10 years of combined credit; and, after 12/31/1991, 5 years Future Service Credit if not under a permanent break in service on that date.

TYPES OF PENSIONS/DEATH BENEFITS PROVIDED

An array of pensions to meet your needs are as follows:

Regular Pension		Service Pension
Early Retirement Pension		Vested Pension
Disability Pension		Reciprocal Pension
Widow/Widower’s Pension		Survivor Option Pension
Early Retirement Pension with Social Security Option

Social Security Option provides 60 months guarantee; and, all others are paid in the form of Husband and Wife benefits, unless spouse signs rejection form.

Lump Sum Death Benefits available 1/1/87. After 1/1/93, 60 months guarantee of Death Benefit.

FILING FOR PENSION BENEFITS

Write immediately upon disability as Social Security Disability not required.

A Reciprocal Pension requires union number of Locals/Funds where you may have earned credit.

File 6-8 months prior to retirement date, completing all sections on application.

Applications are available at Local Union or Fund, and requires accompanying documentation of:

Proof of age for you and spouse;

Proof of marriage or proof of common law; and

Spouse’s Death Certificate, if applicable, or if divorced, copy of Decree and/or Qualified Domestic Relations Order.

IF YOU ARE RECEIVING PENION BENEFITS,

ALWAYS CALL OR WRITE THE FUND OFFICE IF:

You move, giving new address, signing your own name to note;

You become ill and unable to sign checks;

Your spouse dies or you divorce, sending proper proof;

After the 20^th day of any month if check is not received; or,

You return to work.

Your best answers regarding retirement comes from the Fund Office in Dallas. The Local Union will not have all the information you need. The final say in pension matters comes through the Pension Fund office.

Laborers National Pension Fund · 14140 Midway Road · Suite 105 · Dallas, Texas 75244-3672

Mailing Address · P.O. Box 803415 · Dallas, Texas 75380-3415

Phone: (972) 233-4458 · Fax: (972) 233-3026 · E-mail: info@lnpf.org

Visit Website: www.lnpf.org

The Laborers National Pension Fund is a Defined Benefit Plan which is affiliated with the Laborers’ International Union of North America. It is financed by contributions made by your Employer, under the provisions of a Collective Bargaining Agreement between the Employer and your Local Union.

Laborers National Pension Fund • 14140 Midway Road • Suite 105 • Dallas, Texas 75244
Mailing Address • P.O. Box 803415 • Dallas, Texas 75380-3415
Phone: (972) 233-4458 • Fax: (972) 233-3026 • E-mail: info@lnpf.org