What is a multiemployer benefit plan?
A multiemployer plan is a benefit plan created through an agreement between two or more employers and a union. The employers are usually in the same or related industries. Multiemployer plans are run by a board of trustees which have representation from both the employer and union.
Frequently Asked Questions
Find clear answers regarding pension plans, union agreements, and joint board management.
How are these plans managed?
They are managed by a joint board representing both employers and unions equally.
Who contributes to the plan?
Participating employers make contributions based on collective bargaining agreements.
Are benefits guaranteed?
Benefits are provided according to the plan rules established by the trustees.
Who qualifies for participation?
Union members working for signatory employers within the covered industries qualify.