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Pension Plan

 
Service

General

The purpose of this Article is to define the basis on which Participants accumulate Benefit Units and Years of Credited Service. This Article also defines the basis on which accumulated Benefit Units and Years of Credited Service may be cancelled.

Years of Credited Service Prior to the Contribution Date

  1. A Participant shall be entitled to Credited Past Service for each Calendar Year or portion thereof, he was employed in the geographical jurisdiction of a Local Union during the twenty-three-year period prior to his Contribution Date in employment of the type for which Contributions are made to the Pension Fund, except that employment covered by a pension program of a public agency shall not count toward Credited Past Service. A Participant shall receive Credited Past Service for such employment in accordance with the following schedule:
    Hours Worked in Calendar Year Credited Past Service
    Less then 250 hours None
    250 to 499 hours One Quarter
    500 to 749 hours Two Quarters
    750 to 999 hours Three Quarters
    1,000 hours or more One Year

    A Participant whose Contribution Date is on or after January 1, 1976, shall not be entitled to Credited Past Service unless he has 500 Contributory Hours in the Calendar Year in which his Contribution Date occurs, or in the next Calendar Year.
  2. It is recognized that it may be difficult, because of changes in employment, to produce evidence of past years of service in the type to employment referred to in a. above. A presumption is therefore established that a Participant was engaged in creditable employment during the entire calendar year in which he first established his membership in a Local Union (or its predecessors) and throughout the period of his membership.
  3. A Participant shall also be entitled to Credited Past Service for periods of service in the Armed Forces of the United States between January 1, 1940 and his Contribution Date during time of war, national emergency or pursuant to a national conscription law, provided the Participant was employed as a painter in the jurisdiction of a Local Union immediately prior to such service and was reemployed as a painter or taper in the jurisdiction of a Local Union within 90 days after his release from active duty or recovery from a disability continuing after his release from active duty. A Participant shall be entitled to a year of Credited Past Service for each full year of such military service and one quarter of Credited Past Service for each additional full three-month period of such service.

Years of Credited Service After the Contribution Date

  1. A Participant shall receive Credited Current Service for Hours of Service in Covered Employment after the Contribution Date and before January 1, 1976 in accordance with the following schedule:
    1. In any Calendar Year in which a Participant was younger than 50 years of age, he will receive Credited Current Service for Hours of Service in Covered Employment according to the following schedule:
      Hours of Service in Calendar Year Credited Current Service
      Less then 250 hours None
      250 to 599 hours One Quarter
      600 to 899 hours Two Quarters
      900 to 999 hours Three Quarters
      1,000 hours or more One Year
    2. In any Calendar Year in which a Participant was or became 50 through 59 years of age, he will receive Credited Current Service for Hours of Service in Covered Employment in accordance with the following schedule:
      Hours of Service in Calendar Year Credited Current Service
      Less then 250 hours None
      250 to 499 hours One Quarter
      500 to 749 hours Two Quarters
      750 to 999 hours Three Quarters
      1,000 hours or more One Year
    3. In any Calendar Year in which a Participant was or became 60 or more years of age, he will receive Credited Current Service for Hours of Service in Covered Employment in accordance with the following schedule:
      Hours of Service in Calendar Year Credited Current Service
      Less then 200 hours None
      200 to 399 hours One Quarter
      400 to 599 hours Two Quarters
      600 to 799 hours Three Quarters
      800 hours or more One Year
  2. A Participant shall receive Credited Current Service for Hours of Service in Covered Employment after January 1, 1976 in accordance with the following schedule:
    Hours of Service in Calendar Year Credited Current Service
    Less then 400 hours None
    400 to 699 hours Two Quarters
    700 to 999 hours Three Quarters
    1,000 hours or more One Year

    If a Participant works for a Contributing Employer in Continuous Non-Covered Employment, his Hours of Service in such Continuous Non-Covered Employment after December 31, 1975 are counted toward a Year of Credited Service. If a Participant does not work sufficient combined Hours of Service in Covered Employment and Continuous Non-Covered Employment for a Contributing Employer(s) to earn a full Year of Credited Service in a Calendar Year, he shall not be entitled to any Credited Service for his Hours of Service in Continuous Non-Covered Employment.
  3. A Participant will be entitled to Credited Current Service for any period after his Contribution Date during which he was employed in work for which Participants with a later Contribution Date are granted Credited Past Service. The amount of Credited Current Service granted on this basis will be determined in accordance with Section 6.02.
  4. Exception: A Participant shall not be entitled to Credited Service for the following periods:
    1. Years preceding a Permanent Break in Service as defined in Section 6.06.a. for periods prior to January 1, 1976.
    2. Years preceding a Permanent Break in Service as defined in Sections 6.06.c. and 6.06.d. for periods on or after January 1, 1976 except as may be required by Regulation 2530 of the Department of Labor.

Contact Plan Administrator

Telephone NumberPhone:
(866) 894-3705

ContactEmail:
paintersinfo@hsba.com

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