Thursday, April 2, 2026

Your IUOE Local 877 Annuity Fund

The Board of Trustees is pleased to welcome you to the IUOE Local 877 Annuity Fund benefit website. Within this website, you will now have access 24 hours a day, 7 days a week to commonly requested forms, useful highlighted links, and frequently asked questions regarding your benefit information. As always, please feel free to contact the Benefit Office at (781) 769-5789 or toll free at (877) 562-2570 if you have any additional questions or concerns.  

The IUOE Local 877 Annuity Fund is managed by a Board of Trustees comprised of both union and employer representatives. This website provides Participants and their dependents with online access to complete information about your Annuity Plan.
 


When our members finish working, they deserve a retirement they can count on. The Annuity Plan is managed by the Principal Financial Group. With over 20 investment options managed by experienced professionals, your retirement earnings are in safe hands. Once you join the Annuity Fund, you will always be 100% vested — meaning you can keep your account even after leaving Covered Employment.
 
·        Members at participating job sites may contribute through 401k deduction.  This Plan is a tax-qualified defined contribution retirement plan. That means that based on IRS regulations, you can defer 1% to 100% of your salary up to an annual maximum determined by the IRS.  Contributions are made on a pre-tax basis and all earnings from investments are tax-deferred.
 
·         In addition, you may be eligible to participate in the IUOE Local 877 Annuity Plan as a bargained contribution under your Collective Bargaining Agreement.
 
·         Contributions withheld from your paycheck are credited to your account and invested per your investment instructions. Our financial advisors offer an array of investment choices suited to your needs.  Members can manage their investments online at www.principal.com or have their contributions invested based on Plan’s normal retirement date in the Plan’s Qualified Default Investment Alternative (QDIA).
 
·          While we do our best to offer you the strongest retirement possible, your account will be subject to both market earnings and losses.
 
·          Hardship Withdrawals are available in accordance with IRS regulations. Contact the Fund Office for more information.
 

 
For more information regarding your Annuity benefits, please refer to the Frequently Asked Questions and Documents page. As always, you can also contact the Benefit Office at (781) 769-5789 or toll free at (877) 562-2570 if you have any additional questions.