The specification discloses a novel method for rebuilding pinsetter pulley assemblies of the type having a compound contoured pulley face and a ball bearing at each end of the pulley for support. Depending on whether the outer surface is worn, or one or both of the bushing bores is worn, the method involves cutting a taper on the outer surface in a suitable manner and/or reboring one or both bushing bores and inserting a bushing sleeve and new bushing therein.