Local 86 Pension Retirees Allowed to Work
The Pension Trustees have decided with the positive work outlook and the fact that currently there are unfilled job calls, to allow retirees to go back to work. This will start on May 31st, 2021 and go for a three months ending August 29, 2021.
The Amendment will read similar to this:
(v) Notwithstanding anything in this Section 6.9 to the contrary, if a Participant becomes employed in Post-Retirement Employment with a Contributing Employer within the Local 86 jurisdiction on or after May 31, 2021 and before August 30, 2021, such Participant’s monthly benefit payment shall not be permanently withheld during any months or payroll periods of Post-Retirement Employment occurring from the date of such employment through August 29, 2021. In addition, any hours worked during this period by a Class 9 Member shall not constitute Post-Retirement Employment for purposes of the 600 Hours of Service limit set forth in Section 6.9(u). However, if a Participant becomes employed in Post-Retirement Employment for any reason after such date, his monthly benefit payment shall be permanently withheld during each month or payroll period of Post-Retirement Employment occurring thereafter as provided in this Section 6.9. The Trustee have the right to rescind this amendment if determined necessary.
Please note no formal letter will be going out regarding this extension i.e. individual letters will not be sent to Members. Communication of the extension is being done by email to all Contractors, on the Union website and in the Labor News.
This is for the Local 86 pension only. The rules of NEBF and IO pensions still apply.