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The Laborers National Pension Fund (LNPF) was established on May 16, 1968 by
agreement between the Laborers’ International Union of North America
(LIUNA) and the Mainline Pipeline Contractors Association (PLCA) to provide
pension benefits upon retirement for pipeline workers represented by LIUNA and
employed by employer-members of the PLCA in the South and Southwestern regions.
Since then, LNPF has grown to cover LIUNA-represented workers in the pipeline,
building and construction industries in over 20 states.
This fund provides “defined benefit” pensions that pay monthly, fixed benefits
for the life of the pensioner and his/her surviving spouse. Benefit amounts are
based on employer contributions and service credit earned for covered
employment.
LNPF is a joint labor-management trust governed by a Board of Trustees for the
exclusive benefit of the covered workers and their families. The Board of
Trustees membership includes:
| Union |
Management |
| Terence M. O’Sullivan, Co-Chairman |
J. Tom White, Co-Chairman |
| James C. Hale
|
Peter M. Billey |
| Vincent R. Masino |
Scott E. Summers |
| Edward M. Smith |
Robert H. Westphal |
The LNPF Administrator and her staff handle day-to-day operations, including
processing of pension applications, payment of monthly benefits, receipt and
crediting of employer contributions, maintenance of records, distribution of
plan documents and other information, and handling requests.
The Board of Trustees and the Administrator are assisted in their performance
of their duties by appropriate professional service providers – including
investment managers and advisors, attorneys, an actuarial consultant, an
account-auditor, and an asset custodian.
LNPF is regulated under various Federal laws, including Employee Retirement
Income Security Act (ERISA), the Internal Revenue Code, and the Taft-Hartley
Act. It is a collectively bargained, multi-employer pension plan, and is tax
qualified.
Information about LNPF can be obtained through its Administrative Office.
Questions or concerns may be directed to Lu Beth Greene, the Fund
Administrator.
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