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Pension Funds



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



Upstate New York Engineers Pension Fund

      The Upstate New York Engineers Pension Fund has been established to provide you with regular income after retirement. Benefits under this Fund are separate from and in addition to your own Social Security and any other private benefits which you may arrange on your own.
      The Fund 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 Fund, as provided in the Agreement and Declaration of Trust, which establishes the Upstate New York Engineers Pension Fund.


Statement of ERISA Rights

      As a participant in the Central Pension Fund or Upstate New York Engineers Pension Fund, you are entitled to certain rights and protections under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA provides that all Fund 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 Fund, called "fiduciaries" of the Fund, have a duty to do so prudently and in the best interest of you and other Fund 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.




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