Retirement - Mid-America Carpenters Regional Council Benefit Funds

How do I earn pension credit?

You earn pension credit based on the number of hours you work in any given calendar year. For every 250 hours worked in a calendar year, you earn 1/4 pension credit. You can earn up to 1.0 pension credits each year.

If Your Hours of Work in Covered Employment in Calendar Year Years of Pension Credit
Less than 250 hours 0
250 but less than 500 hours 1/4
500 but less than 750 hours 1/2
750 but less than 1,000 hours 3/4
1,000 or more hours 1

Why are pension credits important?

You retirement benefit is calculated based on the number of pension credits you earned over your career multiplied by the accrual rate in place when you last earned credit under the Plan unless you had a break in service. Therefore, it is very important to keep track of your hours worked. You can do that by:

What is the maximum number of pension credits used to calculate my benefit?

The maximum number of pension credits used to calculate your benefit depends on when you last earned pension credit under the Plan. Also, if you had a break in service before July 1, 2006, your pension credits may be limited to the maximum allowed for the date prior to the break in service.

If the Date When You Last Earned Pension is: Maximum Years of Pension Credit for Benefit Calculation Purposes
Prior to July 1, 1990 25
From July 1, 1990 to June 30, 2005 30
From July 1, 2005 to June 30, 2006 31
On or after July 1, 2006 Unlimited


Contact the Retirement Benefits Department

(312) 787-9455, menu option 4
Monday – Friday, 8:00 a.m. – 4:30 p.m.