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About Us

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 $21 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

Please note: Locals highlighted in green denote that there is a hyperlink in place which will take you to their website. 

* 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

John Duffy
Business Manager
IUOE Local Union No. 138
Farmingdale, NY

Brian E. Hickey
General Secretary-Treasurer, IUOE
Business Manager and President
IUOE Local Union No. 399
Washington, DC

Terrance E. McGowan
Business Manager
IUOE Local Union No. 139
Pewaukee, WI

EMPLOYER

Noel C. Borck
Executive Director (Retired)
National Erectors Association
Fairfax, VA

Paul O. Gehl
Executive Vice President (Retired)
Lunda Construction Company
Hilbert, WI

Paul Saccone
Chief Executive Officer
Able Services
Chicago, IL

Elizabeth C. Worrell
Managing Director and General Counsel
Pipe Line Contractors Association
Dallas, TX

Disclaimer

This Internet site is owned and operated by the Central Pension Fund of the International Union of Operating Engineers and Participating Employers (hereinafter “Central Pension Fund”). The materials on this Internet site may be downloaded for PERSONAL USE ONLY. The copying, reproduction, duplication, modification, distribution or disclosure of information contained on this site without the prior written approval of the Central Pension Fund is expressly prohibited. Improper access and use of this Internet site is also strictly prohibited and may subject an unauthorized user to criminal and civil penalties, including indemnification to the Central Pension Fund for losses or damages caused by such unauthorized use including, but not limited to, unauthorized uploading or posting of information and copyright infringement. The materials on this Internet site are provided for informational and educational purposes only. The content of these websites is not, and shall not be construed as, a promise of benefits. All benefits are governed by the terms of applicable plan documents as interpreted by the Board of Trustees. You may use this site to learn about the benefits provided by the Central Pension Fund. However, the Central Pension Fund does not warrant the accuracy or completeness of the information, Internet links, or other items contained on the site. Moreover, the Central Pension Fund expressly disclaims liability for errors or omissions in these materials, and disclaims all warranties, express or implied, including the implied warranties of merchantability and fitness for a particular purpose. In no event shall the Central Pension Fund, or any other third parties mentioned on this Internet site, be liable for any damages arising out of the use, inability to use, or the results of use of this site, any Internet sites linked to this site, or the materials or information contained on all such sites. The Central Pension Fund makes no commitment to update the information contained on this site and, as such, the information on this site is not guaranteed to be current. The Central Pension Fund has provided links to outside sites, but is not responsible for the content or the availability of these sites. The inclusion of such links is neither intended nor understood to constitute any implied or express approval or acceptance of the validity of the information contained on such sites. The information contained on this Internet site does not constitute financial or legal advice. You should not act (or refrain from acting) based upon information on this Internet site without obtaining professional advice regarding your particular facts and circumstances. The Central Pension Fund expressly disclaims all liability with respect to actions taken or actions not taken based on the content of this Internet site. The Central Pension Fund and any entities mentioned herein (including entities for which an Internet link is provided) expressly disclaim all liability for any losses, claims, injuries, or damages-whether direct, indirect, consequential, incidental or otherwise-arising from the use of any information contained on this Internet site. If any provision in this Disclaimer is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect to the fullest extent possible under the law.