Pension Vesting Rules for New Members

Local 52 Pension Plan

Vesting Rules for the Plumbers & Steamfitters Local Union 52 Pension Plan


For Participants who commence participation in the Plan on or after January 1, 2014, you must complete three (3) Years of Service with the Plan in order to have a 100% Vested Interest in your Participant Account. A Year of Service is a 12-consecutive month period (January-December) during which an Employee is credited with at least 1,000 Hours of Service.  However, the three (3) years required for vesting do not have to be worked consecutively, as long as you return to Covered Service (i.e. work for an Employer who contributes to this Plan on your behalf) and work sufficient Hours of Service to receive Years of Service before incurring (5) five One-Year Breaks in Service. If however, you incur five (5) One-Year Breaks in Service before reaching the (3) three Years of Service required for vesting, your Participant Account will be permanently forfeited to the Plan.

Vesting hours are calculated on December 31st of each year, based on the number of hours received during that calendar year (January 1st-December 31st).



            Effective August 4, 2020, a participant who becomes eligible for a disability benefit will be automatically vested in his or her Participant Account. The Plan previously only provided a disability benefit for Participants who were vested in their Participant Accounts.


            The Trustees have also adopted an amendment allowing Participants to choose not to receive required minimum distributions for the Plan Year 2020 if they notify the Plan in writing. This applies to both one-time payments as well as distributions that are part of a series of substantially equal payments. The required minimum distributions for Plan Year 2020 will also be considered eligible rollover distributions.


            For a complete copy of the Plan Document or the Amendments explained in this correspondence, please do not hesitate to contact the Plan Office.

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