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Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.

Questions and Answers for Participants in the Bricklayers and Allied Craftsmen Local 7 Pension Fund

To keep the Local 7 Pension Fund from running out of money (becoming “insolvent”), some of the Fund’s PBGC-guaranteed benefits will be transferred to a “successor plan” that will receive financial assistance from PBGC to pay those benefits. This will relieve some of the financial burden on the Local 7 Pension Fund and enable it to improve its financial condition.

See Multiemployer Plans and Partition for more general information on how partition works.

PBGC will notify participants and beneficiaries with benefits in the successor plan by October 31, 2020. The Local 7 Pension Fund’s Summary Plan Description (SPD) will continue to apply to all participants until the Fund provides participants in the successor plan with a new SPD. Questions about how benefits will be paid should be directed to the plan sponsor.

Whether a participant is in the original plan or the successor plan does not determine whether the benefit amount will be affected. Some participants in each plan will have their benefits reduced.

If a participant’s benefits are reduced by the Local 7 Pension Fund under the final suspension authorized by the U.S. Department of the Treasury, the participant will receive the reduced amount. Otherwise, the participant will receive his or her full plan benefit. The Local 7 Pension Fund has previously notified all plan participants of their post-suspension benefits.

If you have any questions, contact the Bricklayers and Allied Craftsmen Local 7 Pension Fund office at:

Phone: (330) 779-8857

Online: Go to the Local 7 Contact Us webpage and submit your question

Mail: 33 Fitch Blvd.
Austintown, OH 44515

You have a legal right to request documents from the Fund to help you understand the partition and your rights.

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