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QUALIFIED SAVINGS PLAN TRUST

The Qualified Savings Plan Trust is a supplemental retirement fund for members of Local 841. Contractors pay in at a specified rate on hours worked by the members and the money is then invested. The objective of instituting this fund was to provide an additional retirement benefit for members. The fund is administrated locally and is governed by a board of trustees with equal representation from the employer and employee side. When members become eligible for withdrawing their account they have the option of taking a lump sum or rolling the funds into their own individual retirement accounts. The Local Union is trying very hard to ensure that the members are able to enjoy retirement without worrying about maintaining a decent standard of living.

An application for benefits can be downloaded by clicking this link:

Application For Benifits (PDF)

   
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