UNION TRUSTEES
SamuelM. Fresina
Co-Chairman
AnthonyM. Fresina
JosephH. Welch, Jr.
JohnA. Nardolillo Administrator |
EMPLOYERTRUSTEES
EugeneD. Hallock, Jr.
Co-Chairman
PeterS. Hallock
ClaudeBonaquisti
Benefits For LaborersLocal 190 Members
Summary Of Pension Benefits
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Eligible after 5 years of Vesting Service Credit (1000 hours in Plan Year from August 1 through July 31)
Pension Options
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Early Retirement at Age 55 with 15 years of Qualifying Service (1000 Hours in Plan Year) with minimal reduction.
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Early Retirement any Age with NO REDUCTION with 30 years of Qualifying Service (1000 Hours in Plan Year)
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Normal Retirement at Age 62
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Disability Retirement at any Age with a reduction with Qualifying Service and Social Security Award.
Benefit Credits
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One Basic Credit is earned by working 1000 hours in a Plan Year.
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Up to 1.5 Bonus Credits can be earned by working additional hours over 1000 in a Plan Year.
Benefit RateCurrent Rate is $60.00 per credit
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Benefit is calculated by multiplying the current rate by your years of Service Credit.
E-Mail:PensionFund@Local190.com (Diane Schwager)