Laborers Local 265 Pension Plan
- Age 62 or the 5th anniversary of your participation in the plan
- Age 55, but before Normal retirement
- 5 or more years of credited service
You may postpone your retirement beyond your Normal Retirement Date. However, the Plan requires that retirement benefits begin no later than the April 1st following the calendar year in which you reach age 70½.
Disability Pension Benefits
The Plan provides a Total and Permanent Disability benefits to active participants.
- Before early retirement age
- Must submit a copy of your Disability Benefits award letter from Social Security
Active Participant – Participant must have earned at least one year of credited service in the prior two plan years.
If you happen to pass away before you begin receiving retirement benefits, the death benefit available will depend on your marital status.
If you are married and you die before you retire but are fully vested, your spouse will receive a Pre-Retirement Surviving Spouse’s Benefits. Your spouse will receive a pension equal to the monthly benefit that would have been payable if you had retired on the later of your Earliest Retirement Age or the day before your death and elected a Joint & One-Half Survivor pension payment. Benefits generally begin on the date you would have reached your Earliest Retirement Age. If you were not an Active Participant at the time of your death, they your surviving spouse must wait until the date your would have reached your Normal Retirement Age.