Pension

One of the most important long-range goals for you and your family is to prepare for financial security throughout your retirement. For decades, the goal of the National Roofing Industry Pension Fund (NRIPF) has been to provide and protect your retirement benefits. 

About 75% of all union roofers currently work under contracts covered by the NRIPF, which consists of the National Roofing Industry Pension Plan (NRIPP) and the National Roofing Industry Supplemental Pension Plan (NRISPP).

National Roofing Industry Pension Plan (NRIPP)
The NRIPP was established in 1966 to help Roofers and their families prepare for financial security during their retirement years. Today this fund provides benefits to more than 6,500 retirees and beneficiaries and has paid out more than $550 million in benefits. About 11,000 roofing industry employees currently work under contracts covered by the NRIPP.

If your employer has agreed to participate in the plan and make contributions on your behalf, and you satisfy the plan's requirements, you will be eligible for a monthly retirement check when you retire from the roofing industry.

Eligibility
You may participate in the plan if you work at least 500 hours in a plan year for a contributing employer, are doing work covered by a collective bargaining agreement or other written agreement recognized by the plan trustees, and your employer is required to contribute to the plan on your behalf.
In subsequent years, you receive plan credit if you work at least 450 hours in a plan year for a contributing employer. You become vested after earning five years of vested service.

Benefits
Major benefits of the plan include:
  • monthly payments after normal retirement at age 65 (after 5 years of vested service); 
  • early retirement payments as early as age 55 (after 15 years of vested service; however, if you were participating in the plan prior to January 1, 2004, and have not lost all of your vested service earned prior to January 1, 2004, you may retire early upon reaching age 55 with at least 10 years of vested service);
  • disability payments for total and permanent disability after 10 years of vested service; and
  • death benefits to your surviving spouse or beneficiary.  
This is a brief summary of the NRIPP. Contact the Fund office or visit its website for more information or to receive a copy of the Summary Plan Description. 
  

National Roofing Industry Supplemental Pension Plan (NRISPP)
Since it was established in 1966, the National Roofing Industry Pension Fund has provided retirement income for thousands of Union Roofers and Waterproofers across the country. The National Roofing Industry Pension Plan has had a history of growth and improvement to meet the retirement needs of the participants. 

In 2000 the trustees made an important enhancement to the NRIPF by adding the National Roofing Industry Supplemental Pension Plan (NRISPP), a qualified "defined contribution" plan. The NRISPP was created to supplement your NRIPP benefit and provide you with more financial choices for your retirement.

Eligibility
In order for you to be a part of the NRISPP, your local union must negotiate for contributions to be made by your employer to the NRISPP for you.

Benefits
The NRISPP has the same goals and objectives as the NRIPP: helping you achieve a secure and comfortable retirement based upon your years of work in our industry. Employer contributions to the NRISPP for you go into your NRISPP account and are invested over your working years. The value of your account is there for you when you retire or become disabled and also for your spouse or other beneficiary if you die before retirement. 
Your NRISPP account is a supplement to the amount of your NRIPP monthly benefit. You can also have your NRISPP account payable in other ways besides a monthly benefit, including one lump-sum upon retirement if you are receiving benefits from the NRIPP.
 
NRISPP Summary
The NRISPP is a "defined contribution" or "individual account" plan. This means the benefits payable from the plan are based on the contributions to your account by employers, plus any eligible rollover contributions you make, plus investment earnings, minus any investment losses and administrative expenses.
 
This is a brief summary of the NRISPP. Contact the Fund office or visit its website for more information or to receive a copy of the Summary Plan Description.

Contact the Fund Office
If you have questions, please contact the Fund office, Wilson-McShane Corporation:

Wilson-McShane Corporation
3001 Metro Dr., Ste. 500
Bloomington, MN  55425
Toll-free: 1-800-595-7209 
Phone: 952-854-0795 
Fax: 952-854-1632
Website: www.nripf.com   

Download the NRIPP's "Change of Personal Information" form
You can download the following document and submit it to the NRIPP if you need to:

  • change your mailing address, or
  • change your name (must include a copy of acceptable documentation)
Click here to download the document. Please note that this changes your information only with the NRIPP--it will not update the information on file at your local union.
 
Access Important Pension Information Online
Information regarding your pension is now available online at the fund’s website, www.nripf.com. 
Logging in to this website lets you access all your pension account information in one place. You can: 
  • view your monthly work hours contributed to the fund;
  • view your estimated “normal retirement age” benefit;
  • see a complete history of contributions made on your behalf;
  • verify your contact information;
  • download important forms, including the pension plan application, authorization for electronic deposit, beneficiary designation and more;
  • download documents, including the Summary Plan Descriptions, recent notices and more; 
  • and use the site to e-mail any questions to the Fund office.
Go to www.nripf.com on your Web browser. If it is your first time logging in, you will be asked to enter personal information to verify your identity. You will also need to provide an e-mail address, password and security question. 
Once you are logged in, simply select from the menu options to view your history or download forms. You can also click on “Contact Us” to send an e-mail to a pension fund representative, who will be happy to assist you with any questions.
 
 
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