CONTRIBUTIONS AND PENSIONABLE SERVICE
The Plan is financed entirely by contributions made by participating employers under the terms of the collective agreements.
Each calendar year from 1975 onwards counts towards pensionable service if the member was a member of the Union, and was employed by a participating employer. 1200 hours counts as a full year of pensionable service, and other numbers of hours count proportionately. Any hours in excess of 1200, are designated as surplus hours. All pensions granted after January 1, 1990 will reflect all hours worked, both before and after that date, including surplus hours.
If, in the judgment of the Trustees, a member’s failure to complete the necessary number of hours of employment in any calendar year was solely due to a bona fide disability, then additional pensionable service can be granted for the period of the disability, up to a maximum of one pensionable year.