There are some types of work that can affect your retirement benefits. The following list of three is as defined in the Carpenters Pension Plan.

 

Prohibited Employment – The term “Prohibited Employment” as defined by the Pension Plan means employment after retirement, for wages or profit in the Building and Construction Industry.

 

Building and Construction Industry – The term “Building and Construction Industry” as defined by the Pension Plan means all building construction and all heavy, highway and engineering construction, including but not limited to the construction, erection, alteration, repair, modification, demolition, addition or improvement in whole or in part of any building, structure, street (including sidewalk, curb and gutter), highway, bridge, viaduct, railroad, tunnel, airport, water supply, irrigation, flood control and drainage system, sewer and sanitation project, dam, power-house, refinery, aqueduct, canal, river and harbor project, wharf, dock, breakwater, jetty, quarrying of breakwater or riprap stone, or any other operation incidental to such construction work, including renovation work, maintenance work, mill cabinet or furniture manufacturing or repair work or installation of any modular systems or any other remanufactured materials performed for any public or private employer.

 

Non-Covered Employment – The term “Non-Covered Employment” means employment in the Building and Construction Industry on or after July 1, 2001, in the geographical jurisdiction of the Plan for an employer that does not have, or self employment which is not covered by, a collective bargaining agreement with the Union.

 

You return to work in the Building and Construction Industry and are younger than 65 (normal retirement age). Your benefit will be suspended for the months you are working and will not resume for 6 months following termination of your employment.

You return to work after age 65 (normal retirement age). Your benefit will be suspended for the months you are working, but will resume the month following termination of employment.

You work in non-covered employment as an Early Retiree (younger than 62). Your pension benefit will be suspended 6 months for each quarter worked in non-covered employment.

 

If you are returning to work in the Building and Construction Industry, you must notify the Trust Fund office in writing within 15 days of such employment. Your pension benefit will be suspended as will your health coverage (if eligible). When you terminate your employment, you must again notify the Trust Fund Office in writing.

 

Be sure to contact the Trust Fund Office if you are planning to return to work so as not to put your pension benefit in jeopardy.