Work After Retirement

If you start receiving your pension benefits through the Laborers Local 265 Pension Plan and you return to work in Disqualifying Employment, you will have your monthly pension suspended for every month you work. The rules for suspension are slightly different depending on when you retire.

Early Retirement (Before Normal Retirement)

Members who retire before their Normal Retirement Date and who work in Disqualifying Employment will have their benefits suspended for every month they were so employed in that Plan Year and for two additional months following termination of re-employment. Pension benefits will be adjusted at the end of the Plan Year in which re-employment was terminated to included the adjusted age of the Participants and any additional benefits earned. 

After Normal Retirement Age

After reaching Normal Retirement Age, members must fully separate from employment within the industry for 60 days. After that service break, any work of more than 40 hours per month in covered employment is considered Disqualifying Employment. This will result in their benefits being suspended for every month for which they are working in Disqualifying Employment.