We Appreciate the Years of Service You've Given to the Hotel Industry
And we'd like to see you receive the pension your years have earned ...
If you've completed five or more years in Covered Employment, you may be entitled to a Pension, payable when you reach retirement age.
Your Pension Plan
Understanding your Pension Plan will help secure benefits when you retire. Read the Pension Quick Guide online.
The Pension Fund provides a monthly pension benefit to over 10,000 hotel retirees. Effective January 1, 2019, the value of each pension credit for members who retire at age 65 or older will be $60. The maximum pension benefit is currently $2,400.00 per month for members retiring at age 65 or over with 40 pension credits.
Early Retirement Pension
If a member chooses to retire early, between the ages of 62 and 65, the base pension amount plus any supplemental credits are reduced 5/9th of 1% for every month prior to the member’s 65th birthday.
Age & Service Pension
Members are also eligible for the special Age & Service pension, which is for those who have completed 25 years of service and are at least 55 years of age when they stop working in covered employment. The Age & Service pension is currently $875.00 per month.
In total, the Pension Fund distributes over 16 million dollars per month to all retirees.