Your employer contributes to the Funds on your behalf to pay for benefits. You are not required to make any contributions for your benefits. Your employer's contribution amount is determined through negotiations and is set at the time the collective bargaining agreement is reached. The contributions are pooled in the Trust Funds and invested by professional investment managers. The Trust Fund assets are used exclusively to provide you with benefits and cover plan administration expenses, in accordance with Internal Revenue Service rules. The Board of Trustees is proud to play a role in providing you with what we believe is one of the most comprehensive programs in the trade union movement today and will continuously do their best to improve your benefits.
Over the next few months, this web site will be presenting detailed information about the Health & Welfare Trust Funds. As these new features are rolled out, we strongly encourage you to review the content and layout of this web site. The more you know about your benefits, the more effectively they can work for you. For example, it is crucial to understand the eligibility requirements, covered services, and coinsurance and copay requirements under the health and welfare plan.
The following Health & Welfare funds are associated with our locals:
Over the next few months, this web site will be presenting detailed information about the Pension, Savings and Thrift, and Severance and Retirement Trust Funds. As these new features are rolled out, we strongly encourage you to review the content and layout of this web site. The more you know about your benefits, the more effectively they can work for you. For example, it is crucial to understand the vesting requirements of your retirement plans. Vesting guarantees a benefit at retirement and determines if your beneficiary receives a benefit in the event of your death prior to retirement.
The following Pension funds are associated with our locals:
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