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Benefits

Laborers National Pension Fund (LNPF). For more than 45 years, Laborers’ have been provided with retirement income security for workers of the public sector, industrial, and railroad who are represented by the Laborers’ International Union of North America (LIUNA).
Over the years, LNPF has grown from 274 pensioners in 1970 to over 20,000 pensioners and beneficiaries. LNPF has expanded benefits to include occupational disability, 30-year service pension and unparalleled benefits in all types of pensions paid. Benefits and administrative expenses are funded through collectively bargained employer contributions and investments.

The Southern Illinois Laborers' & Employers Health & Welfare Fund offers medical, dental, vision, prescription, retiree and death benefits. The benefits you receive are determined by the plan of benefits and contribution rates negotiated in the collective bargaining agreement that covers your place of employment.

Please refer to your Summary Plan Description to determine the level of benefits that you receive.

Railroad Maintenance and Health and Welfare Fund Railroad Laborers and Operators that are covered by the RTOA agreement are covered by health care through the Railroad Maintenance and Industrial Health and Welfare Fund.

RTOA contractors' are enrolled in Plan D of the Health and Welfare Fund for Zones 1-4; Zone 5 is covered by Plan C. To become eligible for health and welfare benefits, an employee must work 300 hours per month to remain eligible. There is a 1,000 hour rollback in a 12 month period; this means if within the previous 12 months an employee has worked at least 1,000 hours they remain eligible for health and welfare benefits. Note that this is not determined in a calendar year it is a 12 month rolling period. The coverage will continue for a maximum of 4 months when using the 1,000 hour rollback to determine eligibility for health benefits.

Central Laborers Pension Fund for Construction Members and Hulcher Services Employees In the year 2016, the Central Laborers' Pension Fund has provided 51 years of commitment to active and retired laborers. The Pension Fund was established in 1965 to help provide financial security to laborers (LIUNA) during retirement. During 1966, a total of six hundred dollars was paid to five pensioners. In 1982 the Fund had 1,675 pensioners and beneficiaries and paid $1.9 million in annual benefit payments, and the Fund currently has more than 7,700 pensioners and beneficiaries receiving approximately $112 million each year in benefits.

The Pension Fund is a Taft-Hartley Trust Fund managed by eight Labor and eight Management Trustees who have an equal vote and serve without fees or compensation. The Trustees work together to build a secure future for you and your family. The Trustees also maintain a conservative investment strategy, diversifying investments so as not to expose assets to unnecessary risks. The Pension Plan is financed entirely by employer contributions negotiated through the collective bargaining process and investment income.

In 1981 the Pension Trustees established the Central Laborers' Annuity Fund, which is similar to a wage savings plan. The Annuity Fund is designed to provide a supplement to participants' pension benefits and to help assure a comfortable retirement. Thirty-five years after inception, the Fund has over 14,200 participants. Participant accounts currently total over $136 million.
The Annuity Plan is financed entirely by employer contributions negotiated through the collective bargaining process and investment income. Contributions made to the Fund by your employers (and interest earnings from your account) are not taxable to you as income until you withdraw the monies.
The Trustees' investment goals for the Annuity Plan are to ensure the growth of the participants' account balances through conservative money management. This philosophy allows for the purchase of securities providing the highest level of safety.

For a yield and return history, click here.

The Central Laborers' Welfare Fund was established in March of 1966 and currently has 12 participating local unions. Since its initiation, it has been the Trustees' goal to provide quality health insurance benefits with the contribution income available, while maintaining adequate reserves. The millions of dollars which have been paid in behalf of insured participants and their dependents over the years, combined with excellent benefits that the plan offers you and your family toward the high cost of sickness and disability, is testimony that the Trustees have succeeded in their goal.

All eligible participants in the Central Laborers' Welfare Fund are given an opportunity, annually, to choose a medical plan that provides the best coverage for them and their families. The annual offering includes a Comprehensive Major Medical Plan or a point of service (POS) plan.

Regardless of the medical plan chosen, active participants will receive benefits which include:

  • Life Insurance
  • Accidental Death and Dismemberment Insurance
  • Loss of Time
  • Dental Care
  • Vision Care
  • Hearing Care
  • Prescription Drug Program