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Get MA Laborers Annuity Fund Application 2011
6 Dear Member, You may be eligible for distribution of your Annuity based on the fact that the Massachusetts Laborers' Annuity Fund has not received contributions on your behalf for at least 12 months, or due to retirement, or disability. Accounts left here will be credited with positive and/or negative interest until completely withdrawn. Statements are sent out in the fall. Enclosed you will find an application for distribution of your Annuity, along with a Rollover Election / Rejection form.
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Solicitante FAQ
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Pensions and annuities are different retirement income options. Pensions are typically funded by your employer, while annuities are insurance products you purchase. With a pension, you may receive a lump sum or an annuity, meaning you'll receive regular payments for life.
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As a participant in the Laborers Annuity Fund, you can receive an Annuity benefit that will provide you with income when you stop working at retirement age. This benefit is based on contributions made to your individual account in the Annuity Fund by your employer on your behalf.
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Eligibility Requirements Regular: Age 62; 10 pension credits or 10 years of vesting service. Early: Age 55; 10 pension credits or 10 years of vesting service. Disbaility: Totally and permanently disabled; 10 credit yeras.
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If annuities simply aren't right for you, certain alternatives can provide you with fixed income streams in retirement. Consider certificate of deposit accounts, bonds, retirement income funds, dividend stocks or some combination of these savings and investment vehicles.
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To learn more, call 781-272-1000.
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2020 MA Laborers Annuity Fund Application
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2011 MA Laborers Annuity Fund Application