Campus Faculty Association, US

Central Laborers' Pension Welfare Annuity Funds is a Taft-Hartley Trust Fund located in Urbana, IL. Managed by eight Labor and eight Management Trustees, the Fund provides financial security to laborers and their families through pension and annuity benefits. With over 7,500 pensioners and beneficiaries receiving approximately $118 million annually, the Fund maintains a conservative investment strategy to ensure a secure future for its members. Established in 1965, the Central Laborers' Pension Fund has been committed to supporting active and retired laborers for over 58 years. In addition to the pension plan, the Fund also manages the Central Laborers' Annuity Fund, which provides participants with a wage savings plan to supplement their retirement benefits. With over 18,790 participants and a total of over $250 million in participant accounts, the Fund is financed through employer contributions and investment income negotiated through the collective bargaining process.Generated from the website