WHAT YOU NEED TO KNOW

As a Laborer, you’ve worked hard to build a strong career. Now it’s time to build a strong financial future.

Having the right retirement plan ensures you can enjoy financial stability and peace of mind after years of dedication on the job. Your annuity, pension, and Social Security work together to provide a solid foundation.

Whether you’re just starting out, mid-career, or nearing retirement, Laborers are entitled to life-changing resources and expert guidance to help make informed decisions.

RETIREMENT BENEFITS

You have access to three key benefits that will support you through a seamless transition to retirement. Understanding how these benefits work together will make the most of your retirement plan.

Annuity
As a Laborer, an account is established in your name on day one when you begin working for a contributing employer. Your annuity allows you to build and grow your retirement savings over time. It provides financial flexibility and ensures you have financial resources beyond your pension and Social Security.

For details about your benefit, visit mlbf.org/annuity.

Pension
Your pension is a monthly retirement payment that continues throughout your retirement. This benefit helps cover essential expenses and provides financial security so you can focus on enjoying your retirement.

For details about your benefit, visit mlbf.org/pension.

Social Security
Social Security provides additional support to help cover everyday expenses, healthcare costs, and unexpected needs throughout retirement. Understanding how your work history and pension impact your Social Security benefits can help you plan for the best outcome.

For questions about Social Security, visit www.ssa.gov.

READY TO RETIRE?

For general retirement-related questions, or to schedule an appointment if you are planning to retire, call the Retirement Benefits Services Department at 781-272-1000 x150 to speak to a representative who can assist you.

LEGAL RESOURCES

Smart financial planning goes beyond saving money. It also means your legal affairs are in order to protect yourself and your family from unexpected challenges. Our Legal Services Fund offers expert guidance to help you navigate key financial and legal decisions with confidence.

A will is essential to protecting your family’s future. Without one, the courts may decide how to distribute your assets, creating stress and financial burdens. Our legal team can help you draft a will that ensures your wishes are honored.

Struggling with debt, foreclosure, or bankruptcy? As a Laborer, you have access to legal counsel who can guide you through your options and help you regain financial stability at no cost.

Choosing a healthcare proxy is crucial. It lets you appoint someone to make medical decisions if you’re unable to, ensuring your wishes are followed in an emergency.

Buying a home is a major financial commitment with complex legal steps. Our legal counsel can review contracts, mortgages, and closing documents to ensure you understand your rights and protect your investment.

To learn more about what our Fund can do for you, visit mlbf.org/legal.

FREQUENTLY ASKED QUESTIONS

The Retirement Triple Play refers to the three key financial benefits that work together to secure your financial future: annuity, pension, and Social Security. Just like a well-executed triple play in baseball, these elements work as a team to ensure long-term financial stability, allowing you to retire with confidence.

Understanding how these three elements complement each other can help you make smart decisions for a stress-free retirement process.

Third-party financial advisors may try to convince you to cash out or invest in high-fee products that don’t always serve your best interests. Before making any major decisions about your annuity, contact MLBF’s Retirement Benefit Services Department at 781-272-1000 x150 to review your options.

For details about your benefit, review the Annuity Fund Summary Plan Description.

Keeping your pay stubs is a simple but important step to tracking contributions and ensuring your retirement benefits are properly accounted for.