2022 VBAR Notice
This notice contains information regarding Sheet Metal Workers’ National Pension Fund benefit accruals under the Variable Benefit Accrual Rate (VBAR) for 2021 Contribution Hours.
This notice contains information regarding Sheet Metal Workers’ National Pension Fund benefit accruals under the Variable Benefit Accrual Rate (VBAR) for 2022 Contribution Hours. The VBAR formula changes yearly; it uses an historical 3-year average market value investment return percentage, as reported in the prior year’s Actuarial Valuation. The 2022 Applicable Percentage rate is .75%. The accrual rate impacts the pension benefit earned by workers who contractors make contributions on behalf of during the year.
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Technical Standards
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