The Fox Valley Laborers Health & Welfare Fund was established on October 1, 1961 by an Agreement and Declaration between the Laborers International Unions of North America, Locals 582 and 1035, AFL-CIO and the Fox Valley General Contractors Association and the Illinois Road Builders Association, representing the contributing employers, and the Union representing the employees.
The Fox Valley & Vicinity Laborers Pension Fund was established on June 1, 1965 by an Agreement and Declaration of Trust between the Laborers International Unions of North America, Locals 582 and 1035, AFL-CIO and the Fox Valley General Contractors Association and the Illinois Road Builders Association, representing the contributing employers, and the Union representing the employees.
The purpose of the Funds is to provide health and welfare and pension benefits to participants covered by collective bargaining agreements between the Union and contributing employers.
The Funds are administered exclusively by the Board of Trustees (or administrator or any committee solely authorized by the Board of Trustees) consisting of an equal number of representatives appointed by the Union and by the employers through their collective bargaining associations.
Since Funds were established pursuant to the terms and conditions of the Trust Agreement and since said Trust Agreement forms the basis of the administration and operation of the Fund, all of the provisions of said Agreements of Trust and the Plan Documents have been restated to comply with the various federal laws governing pension plans. Under the terms of the Agreements creating the Trust Funds it was agreed that the employers bound by the collective bargaining agreement would make contributions to the Trust Funds on behalf of the employees working under the bargaining agreement.
Contributions shall be made to the Funds by signatory employers under the requirements of the collective bargaining agreements between the contributing employers and the participating local unions. On the basis of the contributions received plus investment income earned, the Trustees provide the benefits set forth in the Plans.
A Summary Plan Description Booklet containing a summary of your rights and benefits under the Funds can be obtained by calling the Fund Office at 847-742-0900, or toll free at 888-828-0900.