Local 4 members work hard, often in physically demanding jobs, and deserve great health and retirement benefits. Thanks to the steady leadership of our Funds’ Trustees, plan professionals, and contributions generated by your work, we are able to provide a comprehensive health insurance plan and pension plans that will allow you to retire with dignity.
We provide and administer a comprehensive array of benefits such as prescription drugs, dental, vision, hearing, life insurance, substance use, and mental health treatment, and more for eligible members and their families. The Plan’s Trustees work hard to ensure that they actively combat medical inflation with an eye toward the future, but that they also maintain today’s unparalleled care, low member costs, and innovative solutions such as Hinge Health for musculoskeletal ailments and Progyny for infertility issues.
Local 4’s Defined Benefit Pension Plan is designed to make your retirement easy and worry-free. The Plan provides vested members, qualified surviving spouses, and other beneficiaries with a guaranteed retirement benefit. In a defined benefit plan, the Plan guarantees a specific retirement benefit amount for each participant. The amount is based on factors such as your years of service and the accrual rates in effect when you retire.
You can check your pension credits at any time through the Member Self Service portal.
Our Annuity and Savings Plan was established in 1987 with the purpose of providing an additional way to prepare for retirement. The Plan offers members a clear, secure pathway for retirement by combining their own wages with employer contributions in a tax-deferred 401(k) account. If you work for a Contributing Employer, you will be eligible to participate in the Plan and earn a benefit.
As a member, you are eligible to contribute to a 401(k) feature of the Plan. This feature allows you to invest a portion of your wages on a before-tax basis and provides you a range of investment options to choose from, including a selection of mutual funds.
When you’re ready to retire, you and your family can receive your Annuity. You’ll also be able to choose how you want to receive those payments, whether that’s in one lump sum or spread out over time.
Digital Health Management
Manage Chronic Conditions with Livongo
Watch the McCann Family’s story.
NOTE: The primary source of funding for Local 4 benefits are contributions to the plans made by employers through their collective bargaining agreements with Operating Engineers Local 4.