The
Hawaii
Laborers Joint Trust Funds are comprised of six (6) ERISA benefit funds created through the Labor -
Management collective bargaining process. The six (6)
Laborers Funds are:
1.
Laborers' Annuity Trust
Fund -
Established in the late 1970's to provide a second
source of retirement benefits for eligible plan
participants.
2.
Laborers' Apprenticeship and Training Trust Fund - Established in the early 1970's for the job
training of eligible Local 368 members.
3.
Laborers'
Health and Welfare Trust Fund -
Established in 1967 to provide medical, dental, life,
vision, prescription drug, TDI, chiropractic, and
acupuncture benefits to eligible active participants and
retirees.
4.
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 create employment through active
legislation and education.
5.
Laborers' Pension Trust
Fund -
Established in 1967 to provide monthly retirement
benefits for eligible plan participants.
6.
Laborers' Vacation &
Holiday Trust Fund - Established in early 1970's to provide vacation and
holiday benefits for eligible plan participants. |
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Each of
the above Trust Funds are 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 benefit funds which
sole purpose is to provide the best benefits for all
plan participants and beneficiaries. |
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