Central Laborers' Pension Welfare & Annuity Funds
Pride Of The Industry

 

 

 

 


Employer Obligation to Notify Employees Regarding Health Care Marketplace

Affordable Care Act - Participant Notice of Coverage Options

Express Scripts Mobile App

Healthier At Home Online

Healthier At School Online

Healthy Life Wellness Program

 Central Laborers' Welfare Fund Granted a Waiver of Annual Limits by the Department of Health and Human Services

Open Enrollment 2014 Information

Secure Email is now available!

NETime Benefits - 24/7 Access to Member Information
 
eRemit - Online Remittance Reporting
 
Signup for eLetter!

 

Online Open Enrollment

April 1, 2014

Encore Magazine

(Spring 2014 edition)

 

February 28, 2014

Annuity Statements

(Apr 2013 - Sep 2013)

 

February 18, 2014

Illinois Laborer Magazine

(Winter 2013-2014 edition)

 

February 14, 2014

Plan Year 2013

Pension Statements

(Oct 2012 - Sep 2013)

 

December 23, 2013

First Amendment to CLPF Updated Rehabilitation Plan mailing

 

December 18, 2013

CLPF Updated Rehabilitation Plan mailing

 

October 16, 2013

Encore Magazine

(Fall 2013 edition)

 

June 14, 2013

Annuity Statements

(Oct 2012 - Mar 2013)

 

May 22, 2013

Illinois Laborer Magazine

(Spring 2013 edition)

 

April 26, 2013

CLPF Annual Funding Notice for 10/1/2012 - 12/31/2012 and Zone Notice

 

January 25, 2013

Annuity Statements

(Apr 2012 - Sep 2012)

 

Plan Year 2012

Pension Statements

(Oct 2011 - Sep 2012)

 

CLPF Annual Funding Notice for 2011-2012 and Zone Notice

 

January 18, 2013

2012 Tax Forms

 

January 9, 2013

Encore Magazine

(Winter 2012-2013 edition)



OPEN ENROLLMENT - 2014
 

 DONíT BE THE LAST ONE TO KNOW! STAY ABREAST OF IMPORTANT ANNOUNCEMENTS REGARDING YOUR BENEFITS!

 

Central Laborersí wants to keep you informed. The best way to ensure you will receive timely updates about your benefits is to maintain accurate contact information. 

 

To confirm your address, birth date & phone number on file at the Fund Office, login to your NETime Benefits account or call the Fund Office to confirm the contact information Central Laborersí has on file for you.

 

What if I donít have an NETime Benefits account? Take the time to set up your account today. Just click on the NETime Benefits link and follow the on-screen instructions. Once you have received your PIN number, log into the your personal account and confirm the accuracy of the information on file.

 

If you have recently moved and you have not provided your new address to Central Laborers, please download the ADDRESS CHANGE FORM, complete the document with your old and new information and mail it to Central Laborersí today.

   


PARTICIPANT NOTICE
CLPF Rehabilitation Plan
(Updated November 4, 2013)
and Notice of Reduction
in Adjustable Benefits


CONTRIBUTING EMPLOYER NOTICE
CLPF Rehabilitation Plan
(Updated November 4, 2013)
and Notice of Reduction
in Adjustable Benefits
 
FIRST AMENDMENT TO CLPF REHABILITATION PLAN
 
CLPF 16 JAN 2012 REHABILITATION PLAN EMPLOYER ADOPTION LIST
 
 

In the year 2014, the Central Laborers' Pension Fund has provided 49 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 7,100 pensioners and beneficiaries receiving over $100 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-three years after inception, the Fund has over 11,800 participants. Participant accounts currently total over $118 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

 

 


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