About Retirement

We are pleased to provide you with information about the pension plans of the Pacific Coast Roofers Retirement Trust Fund. The Trust Fund sponsors two plans: the Defined Benefit Plan and the Defined Contribution & 401k Plan. If you have any questions regarding the Plans, you should address them in writing to the Pacific Coast Roofers Trust Fund Office, c/o United Administrative Services.

Our Plans

We understand the administration of employee retirement

Portrait of active senior man smiling

Defined Benefit

The Plan is a multi-employer, collectively bargained defined benefit pension plan. The Plan is funded from Employer contributions and earnings on the Plan’s assets.

401k Statement And Federal Tax Return

Defined Contribution & 401k

The Pacific Coast Roofers Defined Contribution Plan is an individual account plan. Each covered employee accrues an account based on the number of employer contributions made on his behalf.

FREQUENTLY ASKED QUESTIONS

Pacific Coast Roofers Retirement Plan

How Do I Earn A Pension?

Your right to pension benefits under the Defined Benefit Plan depends upon how many years of Vesting Credit you have earned. You earn Vesting Credit by performing employment for participating employers in positions for which contributions are required to be made to this Plan (“covered employment”).

a. Prior Service Credit
Service Credits you earned under the combined UA Local Union 393 and 467 Pension Plan prior to the adoption of this Plan on July 1, 1976, are recognized under this Plan.

b. Future Credit
Future Vesting Credit and Benefit Credit is granted for all employment for which contributions have been required to be made to this Plan from July 1, 1976, forward. All Employees who are working in covered employment are eligible to accrue Vesting Credit under the Plan. Years of Future Service Credit are of two types: Vesting Credit and Benefit Credit.

You Could Lose Your Pension If You Stop Working In Covered Employment

Your right to benefits, upon otherwise qualifying for retirement under the Plan, may not be taken away from you once your interest in the Plan becomes vested. Please note that the rules listed below apply only to Employees who have worked in Covered Employment on or after January 1, 1996. The rules for vesting and breaks in service for any Employee who has not worked in covered employment on or after that date are the rules that were in effect when the Employee last worked in covered employment. Until you are vested, however, you are not entitled to benefits under the Plan.

Will I Receive Credit For Work Outside The Jurisdiction Of Pacific Coast Roofers?

If you work outside the geographic area covered by this Plan under a Collective Bargaining Agreement requiring contributions to a different UA Pension Plan, the contributions you earn typically are credited to that Plan. Likewise, if you are a traveler working temporarily within the jurisdiction of this Plan, the contributions you earn typically are credited to this Plan instead of to your home Pension Plan.

Dividing your pension service credit between two Plans can reduce your retirement income. For example, if you work outside your normal area for only a few years, you may not work enough hours to vest under the Plan in that area and may lose the benefits you earned during those years. And if some of your employment in the industry is not credited under this Plan, you are less likely to qualify for certain Plan benefits.

To address this concern the Plan is signatory to the UA International Reciprocity Agreement. Under this Agreement, a Participant who is working in geographical jurisdiction of a UA local union other than Local Union 467 may elect to have employer contributions made to the Plan in another UA jurisdiction remitted back to this Plan. To benefit from such an agreement, you must complete an authorization form when you begin work covered under the reciprocity agreement. These agreements do not provide for retroactive reciprocity. If you complete an authorization form, and have contributions reciprocated back to this Plan, you will receive Vesting Credit based on the number of hours worked in the other area. Your Benefit Credit will be based on the contribution rate which applied to those hours and the amount of money received by this Plan. Your Benefit Credit will be prorated up or down depending on the contribution rate received.

When Am I Eligible To Receive Benefits From The Plan?

Once your interest has vested, you may retire upon qualifying for Normal, Early, or Disability Retirement; however, even when you are qualified for benefits, no benefits are paid until you apply for a pension, and until you have stopped working in Industry Service. The amount of your benefits will be impacted by the type of retirement you elect. The requirements for each type of retirement are in Article II of the Plan, and the applicable reduction factors appear in Article II, and are summarized below:

If you are entitled to a pension and you desire to begin receiving your pension, you should file a completed pension application with the Trust Fund Office 90 days prior to your anticipated retirement or benefit commencement date. Application forms may be obtained from and be submitted to the Trust Fund Office as follows:
Pacific Coast Roofers Pension Trust
6800 Santa Teresa Boulevard, Suite 100
San Jose, CA 95119
(408) 288-4400

Benefits are paid as soon as it is administratively feasible after all contributions are received and your application is processed. If you are eligible, all retirement dates are effective as of the first of the month following receipt of your pension application and your termination of covered employment.

How Are My Benefits Paid?

Retirement benefits under the Plan are paid as monthly benefit payments. Your benefits may be paid for your life alone, or if you are married, for your life and your spouse’s life. If you are married at retirement, your election of an optional form of benefit is subject to your spouse’s written consent before a Plan representative or a Notary. If you receive benefits in the form of the Single Life Annuity, your spouse or another beneficiary will not be eligible for any further pension benefits.