Pension Funds

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Central Pension Fund Engineers Joint Pension Fund Statement of ERISA Rights

Central Pension Fund
      The Central Pension Fund of the International Union of Operating Engineers has been established to provide it's eligible participants with regular income after Retirement. Benefits under this plan are separate from and in addition to your Social Security and any private benefits, which you may arrange on your own.
      The Central Pension Fund of the IUOE and Participating Employers' plan documents are reviewed any approved by the Internal Revenue Service.
      The Plan is governed by a Board of Trustees of which half represent the employees and half represent the Participating Employers.
      The Board of Trustees has the sole power to amend the Plan; as provided in the Agreement and Declaration of Trust, which established the Central Pension Fund.
      The Central Pension Fund Trust Agreement was executed on September 7, 1960. Presently the Central Pension Fund has assets in excess of $7 Billion and has no unfunded liability.

Central Pension Fund Brochure


Engineers Joint Pension Fund
      The Engineers Joint Pension Fund has been established to provide you with regular income after retirement. Benefits under this Plan are separate from and in addition to your own Social Security and any other private benefits which you may arrange on your own.
      The Plan is governed by a Board of Trustees of which half represents the Employees and half represents the Contributing Employers.
      The Board of Trustees has the sole power to amend the Plan, as provided in the Agreement and Declaration of Trust, which establishes the Engineers Joint Pension Plan.


Statement of ERISA Rights
      As a participant in the Central Pension Fund or Engineers Joint Pension Fund, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Plan participants shall be entitled to certain rights and disclosures.
      In addition to creating rights for plan participants, ERISA imposes duties upon people who are responsible for the operation of the employee benefit plan. The people who operate your Plan, called "fiduciaries" of the Plan, have a duty to do so prudently and in the best interest of you and other Plan participants and beneficiaries. No one, including your employer, your union, or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a welfare benefit or exercising your rights under ERISA.