The United Association General Officers and Employees Pension Fund (UAGOE Pension Fund) is an organization that provides retirement benefits for employees involved in a wide range of skilled occupations. Established in July 1968, the United Association National Pension Fund (UANPF) is designed to support the financial needs of journeymen and apprentice plumbers, pipefitters, sprinkler fitters, service technicians, and welders, who are represented by the United Association of Journeymen and Apprentice or by a United Association Local Union or District Council.
The UAGOE Pension Fund is based at 103 Oronoco St, Alexandria, Virginia 22314, US, and operates in the financial services industry. With a focus on providing a solid financial foundation for its members, the organization maintains a multiemployer defined benefit pension plan funded solely by employer contributions and investment earnings.
The UANPF is a collectively bargained plan that is funded by a Taft-Hartley trust fund. Contributions are made in accordance with collective bargaining agreements or other participation agreements, ensuring a fair and equitable system for all involved. Participants in the pension fund do not have individual money accounts with the fund and do not make employee contributions. Instead, contributions made by employers are deposited into the trust fund to provide for defined retirement benefits, which are payable to eligible participants in accordance with the plan.
The UANPF covers many jurisdictions throughout the United States, although not all jurisdictions in which there is a United Association Local Union choose to participate in the plan. Bargaining units are allowed to join at different times, and their contribution rates may vary accordingly. As a participant of the UANPF, members can look forward to receiving a benefit at retirement once they meet the requirements for a pension.
Along with Social Security and personal savings, the UANPF aims to provide a solid financial foundation for its members at retirement. By offering this support, the United Association General Officers and Employees Pension Fund plays an important role in ensuring the long-term financial security of those in the skilled trades, helping them to enjoy a comfortable and well-deserved retirement.