The trustees, in 2000, made an important enhancement to the NRIPF by adding the National Roofing Industry Supplemental Pension Plan (NRISPP), a qualified “defined contribution” plan. As of December 31, 2020, the NRISPP has more than 8,400 participants with total account balances exceeding $134 million.
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. If you are a participant in the NRISPP, employer contributions go into your NRISPP account and are invested over your working years. The value of your NRISPP account is there for you when you retire or become disabled and, for your spouse or beneficiary, if you die before retirement.
Your NRISPP account is a supplement to the amount of your NRIPP monthly benefit. You may 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.
To learn more about the NRISPP, contact the Fund office or visit its website.