Who We Are
The Central Pension Fund (CPF) is a multi-employer pension fund established in 1960 to provide retirement, disability and death benefits to members of, and individuals represented by, the International Union of Operating Engineers. Plan benefits are based upon annual employer contributions for participants which are reported to CPF from employer locations.
CPF is governed by a Board of Trustees comprised of employee and participating employer representatives. CPF’s responsibilities include servicing participants and employers, supporting the employers and unions by maintaining a pension plan that will attract and retain employees, fulfilling the fund’s fiduciary role and ultimately paying pension benefits.
Current Highlights:
- The Central Pension Fund has over $22 billion in assets.
- CPF has over 6,200 contributing employers.
- CPF has approximately 130,000 active and vested participants awaiting retirement.
- CPF has 78,000 recipients receiving monthly benefits for life.
- CPF is the 2nd largest multi-employer defined benefit pension fund in the United States in terms of assets.
International Union of Operating Engineers (IUOE)
The IUOE is an affiliation of some 118 local unions located throughout the United States and Canada. Each local has a specific jurisdiction where it is chartered to represent members. Some local unions only represent particular crafts within their regions. The IUOE represents a broad spectrum of occupations. Therefore, our locals are normally divided into two categories: Hoisting & Portable, and Stationary.
Hoisting & Portable locals represent members who usually work in the construction field using heavy equipment like bulldozers, cranes and scrapers. The members could also work as mechanics, oilers, and surveyors.
Stationary locals represent members who usually work in the building maintenance field. This includes building engineers in a variety of public occupations and facilities. These Locals also represent a range of health care employees, including skilled maintenance employees, biomedical technicians, emergency medical technicians and registered nurses.
“Mixed” local unions represent both Hoisting & Portable, and Stationary members within the same local union.
IUOE Participating Locals
- IUOE Local 001
- IUOE Local 003
- IUOE Local 004*
- IUOE Local 009
- IUOE Local 012
- IUOE Local 014*
- IUOE Local 015
- IUOE Local 017*
- IUOE Local 018
- IUOE Local 020
- IUOE Local 025
- IUOE Local 037*
- IUOE Local 049
- IUOE Local 057*
- IUOE Local 066*
- IUOE Local 070
- IUOE Local 077*
- IUOE Local 094
- IUOE Local 095
- IUOE Local 098*
- IUOE Local 099
- IUOE Local 101*
- IUOE Local 103
- IUOE Local 112
- IUOE Local 132*
- IUOE Local 137*
- IUOE Local 138
- IUOE Local 139
- IUOE Local 147
- IUOE Local 148
- IUOE Local 150*
- IUOE Local 158*
- IUOE Local 178
- IUOE Local 181
- IUOE Local 216
- IUOE Local 234
- IUOE Local 280
- IUOE Local 286
- IUOE Local 302
- IUOE Local 312
- IUOE Local 317
- IUOE Local 318
- IUOE Local 320
- IUOE Local 324*
- IUOE Local 351
- IUOE Local 369
- IUOE Local 399
- IUOE Local 400
- IUOE Local 406
- IUOE Local 420
- IUOE Local 428
- IUOE Local 450
- IUOE Local 463*
- IUOE Local 465
- IUOE Local 470
- IUOE Local 474
- IUOE Local 478*
- IUOE Local 487
- IUOE Local 501
- IUOE Local 513*
- IUOE Local 520*
- IUOE Local 542*
- IUOE Local 564
- IUOE Local 571*
- IUOE Local 609
- IUOE Local 624
- IUOE Local 627
- IUOE Local 649
- IUOE Local 653*
- IUOE Local 673
- IUOE Local 701
- IUOE Local 800
- IUOE Local 825*
- IUOE Local 835
- IUOE Local 841
- IUOE Local 877
- IUOE Local 917
- IUOE Local 926
- IUOE Local 953
- IUOE Local 965
- IUOE DC 001
* Money Follows the Man Locals
Money Follows the Man (MFM) Reciprocity permits CPF participants to request that contributions which may be made on their behalf to other MFM signatory IUOE Local Union plans be transferred to the Central Pension Fund. Likewise, MFM Reciprocity permits participants from MFM signatory Local Union plans to request that contributions made to CPF be transferred from CPF back to their home Local Union plan.
Board of Trustees
The Central Pension Fund is administered by a Board of Trustees consisting of eight members. Four of the Trustees represent the Fund’s contributing employers and four represent the Fund’s participating employees. Currently the Board consists of the following Trustees.
EMPLOYEE
James T. Callahan
General President, IUOE
Washington, DC
Jason George
Business Manager
IUOE Local Union No. 49
Minneapolis, MN
Edward J. Curly
General Vice President & Business Manager
IUOE Local Union No. 501
Los Angeles, CA
Terrance E. McGowan
General Vice President & Business Manager
IUOE Local Union No. 139
Pewaukee, WI
EMPLOYER
Noel C. Borck
Executive Director (Retired)
National Erectors Association
Fairfax, VA
Paul Saccone
Chief Executive Officer (Retired)
Able Services
Chicago, IL
Elizabeth C. Worrell
Managing Director and General Counsel
Pipe Line Contractors Association
Dallas, TX
Tim Peterson
Vice President
James Peterson Sons, Inc.
Medford, WI