Local 104 Pensioner Return to Work Changes
For some contractors, the opportunity to retain key talent from Local 104 makes a significant impact. It enables them more time to develop an internal succession plan strategy, pursue unique market opportunities or simply give them more time to complete external hires.
Recently the Labor and Management Trustees of the Sheet Metal Workers Pension Plan of Northern California (the Plan) updated the guidelines for retired Local 104 District 1 pensioners to apply for Return to Work at signatory contractors without having their benefits suspended or delayed.
Effective January 1, 2023, Local 104 District 1 Employers shall contribute $2,472 per month on behalf of each qualified and approved pension participant over 55 years of age, who began receiving pension benefits before that date, and is approved for Return to Work for 2023. Employers must also sign an Acknowledgment of Compliance for approved participants.
What are the criteria to apply for return-to-work?
- Pensioners must be over age 55 and:
- Have been eligible for at least 60 days of pension benefits
- Apply for positions NOT covered under the collective bargaining agreement EX: Owner-member, project manager, estimator, purchasing, etc.
- Apply for a maximum period of 48 months
- Sign a Return to Work Agreement
The specific Return to Work guidelines are designed to include a process and criteria geared to protect the pension plan while enabling Local 104 employees and contractors to continue existing working relationships that are beneficial to the industry and the company. The guidelines are set to better ensure a consistent process of evaluation and compliance by labor and management.
For a complete copy of the Return to Work in Employment Beneficial to the Industry of the Sheet Metal Workers Pension Plan of Northern California guidelines, emailkdejong@bayareasmacna.org.