"The Labourers' Pension Fund of Central and Eastern Canada is dedicated to ensuring the security and welfare of our Plan members and their families. We are committed to providing the highest level of service in administering their pensions."
The LPF is a Multi-Employer Pension Plan (MEPP), established on February 23, 1972 to provide retirement benefits for employees belonging to agreements negotiated between employers and the Union, and employers and the Trustees of the Plan.
Most pension plans are set up by one employer to cover its employees. A Multi-Employer Pension Plan (MEPP) is a type of Defined Benefit Plan that covers several employers and employees within the same industry.
In a MEPP , both the benefits and the contributions are defined. This type of plan clearly defines the amount of retirement income to be paid to the member of the plan at certain time, such as at age 65.
The Plan is governed by a Board of Trustees, which is responsible for the administration of the Plan. Each Trustee serves without compensation.