Laborers' Joint Trust Funds are comprised of five (5) ERISA benefit funds and the Laborers' - Employers Cooperation and Education Trust Fund (LECET) created through the Labor -
Management collective bargaining process. The six (6)
Laborers' Funds are:
Established in the late 1970's to provide a second
source of retirement benefits for eligible plan
Laborers' Apprenticeship and Training Trust Fund - Established in the early 1970's for the job
training of eligible Local 368 members.
Health & Welfare Fund -
Established in 1967 to provide medical, dental, life,
vision, prescription drug, TDI, chiropractic, and
acupuncture benefits to eligible active participants and
Laborers' - Employers'
Cooperation and Education Trust Fund (LECET) - Established in the mid-1990's to provide a joint effort of the Union and Signatory Employers to foster general economic development of the construction industry and to implement programs designed to enhance the labor management relationship.
Laborers' Pension Fund -
Established in 1967 to provide monthly retirement
benefits for eligible plan participants.
Laborers' Vacation &
Holiday Fund - Established in early 1970's to provide vacation and
holiday benefits for eligible plan participants.
the above Trust Funds is administered by a Board of
Trustees made up of an equal representation of Union
Representatives and Employer Representatives from the
various Employer Associations signatory to the
Collective Bargaining Agreement. Signatory Employers on
a monthly basis contribute benefit contributions as
specified in the CBA to each of the five (5) ERISA benefit funds which
sole purpose is to provide the best benefits for all
plan participants and beneficiaries.