You must submit all required information before your application can be approved:
· Application for benefits (provided by the Fund office or Local Union)
· Proof of age document for the member
· Proof of age document for the spouse, if electing a joint and survivor benefit
· Marriage certificate (if electing a joint & survivor benefit)
· Registration card (provided by the Fund office or Local Union)
· Divorce decree and settlement agreement (if applicable)
· Qualified Domestic Relations Order due to a divorce (if applicable)
· Waiver of 30 Day Notice Period (if applicable)
· Death certificate of a spouse (if applicable)
· Job description from your employer if you intend to work, in any capacity, after retirement
· Authorization Agreement for Automatic Deposit
· Federal and State tax withholding formsBack to Top
Once your retirement benefit is approved, your benefit will begin on the first of the month after the Board of Trustees receives and approves your application for benefits and other required documents.Back to Top
Pension checks will be mailed or deposited on the 3rd of each month. (If the 3rd of the month occurs on a Saturday, Sunday or Holiday, your check will be mailed or deposited on the preceding Friday).Back to Top
Pension benefits are payable for your lifetime. If you elect a joint and survivor benefit, your spouse will receive benefits for their lifetime, if you predecease him or her.
What if my check is late?
If your check is mailed to you, you must allow at least 15 days for the postal service to deliver your check. If, after the 15 day waiting period, you still have not received your check you may contact the Fund Office and a stop-payment order will be placed on your check and a new one will be issued to you.Back to Top
If you elect a survivor benefit with a "pop-up" option your benefit will be recalculated to “restore” your reduced monthly benefit to the original amount of your Normal or Early Retirement Benefit.Back to Top
The reduction is ½ of 1% multiplied by the number of months before your 60th birthday or 6% per year.Back to Top
No increase will be made to your monthly payments because of a divorce and the person who was your spouse when your pension started will still be entitled to the benefit after your death. However, certain court orders could allow for your benefit amount to increase or decrease.
You must notify the Fund Office of your divorce and provide a complete copy of your divorce decree and, if any, settlement agreement. Failure to do so could result in the suspension of benefit payments.Back to Top
No. A new spouse will not be allowed to receive monthly pension payments if you marry after your effective date of retirement.Back to Top
No.Back to Top
No. The monthly benefit you receive from this Fund will not be affected.Back to Top
At this time, the Plan does not provide for any cost-of-living increases.
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Yes. The IRS limits annual benefits paid from plans such as this Pension Plan, but these limits are high. In the unlikely event you are affected by these limits, you will be notified.Back to Top
Yes. Federal and state taxes apply.Back to Top
Yes. However, you must notify the Pension Fund office in writing in advance.Back to Top
You are allowed to work less than 40 hours per month in “related employment” while receiving monthly benefits. Your benefit will be suspended for any months you work 40 or more hours in “related employment.” Please contact the Fund office for specific information on what is considered “related employment.”Back to Top
If your benefit amount calculates to be less than or equal to $50.00 per month, you will be provided with lump sum payment options.Back to Top
If your application is denied you or your authorized representative must submit a written request, within 60 days after receiving the denial notice decision, to the Pension Fund office at PO Box 1587, Terre Haute, IN 47808 for a review of the denial.Back to Top
· Type 1 Preretirement Death Benefit: 50% Survivor Benefit to Spouse.
· Type 2 Preretirement Death Benefit: Lump Sum Payment of the lesser of 50% of Employer Contributions or $25,000.
Please contact the Fund Office for more information regarding death benefits.
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Eligible beneficiaries in the Pension Fund are your legal spouse, son(s), daughter(s), father, mother, brother(s), sister(s), in any combination or your estate. Please note: minor children ARE allowable beneficiaries.Back to Top
· You must have accrued at least 10 years of Indiana Laborers Pension Fund Service at the time you became disabled;
· You have worked at least 480 hours in each of 5 of those 10 years of service;
· You apply for the benefit (on a form prescribed by the Board of Trustees) within 6 months after work hours were last reported on your behalf;
· Your disability meets the definition of a “Permanent and Total Disability” or “Occupational Disability” benefit;
· You have not reached age 59;Back to Top
Please contact the Pension Fund office at 812-238-2551 or toll free at 800-962-3158.Back to Top
No. You must meet all eligibility requirements of the Pension Fund in order to be approved for disability benefits. However, eligibility for Social Security disability benefits IS a requirement of eligibility for Total and Permanent Disability Benefits from the Pension Fund.Back to Top
If your application is denied you or your authorized representative must submit a written request, within 45 days after receiving the denial notice decision, to the Pension Fund office at PO Box 1587, Terre Haute, IN 47808 for a review of the denial.
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Total and Permanent Disability Benefits: No. You cannot work, in any job for profit or pay in any occupation or employment while receiving a Total and Permanent Disability Benefit. (If your work is for rehabilitation, however, benefits may continue subject to the Board of Trustees’ prior approval).
· You must notify the Fund Office, in writing, if you plan to return to work, re-retire, have a change in address, get married, get divorced, the death of a spouse or beneficiary, you have closed the account in which your pension check is automatically deposited.
· You must keep your beneficiary information current. Please notify this office of a divorce, death of a spouse, marriage or re-marriage.
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