Credits and Vesting
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You earn pension credits and time toward vesting service for the hours that you work in covered employment.
Pension credits are used to calculate the amount of your pension.
Vesting service is required to be eligible for a pension benefit.
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| Hours of Service in a Calendar Year | Pension Credits You Earn | Years of Vesting Service You Earn |
| Less than 250 | None | None |
| 250 but less than 500 | ¼ of a pension credit | ¼ of a year of vesting service |
| 500 but less than 750 | ½ of a pension credit | ½ of a year of vesting service |
| 750 but less than 1,000 | ¾ of a pension credit | ¾ of year of vesting service |
| 1,000 or more | One pension credit | One year of vesting service |
| Reciprocity “Money Follows the Man” | If you work in covered employment outside the jurisdiction of the MA Laborers' Pension Plan and have those contributions forwarded to the MA Laborers' Pension Plan under a reciprocal agreement, then you will earn pension credit under this Fund based on those contributions. |
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Break in Service Rules
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Temporary (one year)
If you are not vested, you will incur a temporary break in service for any year in which you do not work at least 250 hours and you may lose your pension credits and years of vesting earned up to that date.
| Permanent Break
If you are not vested, you will incur a permanent break in service if you have the greater of (a) five consecutive one-year breaks or (b) a number of one-year breaks equal to or exceeding the number of years of vesting service you’ve earned. You will lose all accumulated years of vesting service and pension credits and you will no longer be a participant in the plan. |
| View Summary Plan Description |
Copyright © 2006 Massachusetts Laborers' Benefit Funds
