The Pension Fund is now funded at 103%
While many trust funds across the country have struggled to achieve funding at 100% or higher, LFAO is pleased to announce that, under the strategic leadership of the Board of Trustees of the Laborers Pension Trust Fund for Northern California, the Pension Fund is now funded at 103% effective June 21, 2020.
Achieving full funding means that the Fund currently has the assets available to fulfill current and projected future benefit payments to Laborers and their families. Reaching this milestone required that the Board of Trustees, not only successfully direct the management of Fund assets, but make critical decisions to ensure the sound but robust growth of the monies contributed to the Trust Fund on behalf of Laborers.
LFAO looks forward to continuing to support the efforts of the Board of Trustees as they persist in working diligently to ensure the growth and strength of the Fund.
