The National Retirement Fund —
Committed to Meeting Individual Needs with Sound Pension Benefits
The National Retirement Fund (“The Fund”) is an ERISA (Employee Retirement Income Security Act of 1974) defined benefit pension fund. It has over 245,000 participants including actively employed individuals, terminated but vested participants and retired participants. Over 450 participating employers make regular contributions to The Fund as determined by a collective bargaining agreement or participation agreement.
Providing governance for The Fund is an 18-member Board of Trustees which is comprised of nine Workers United Union Trustees and nine Employer Trustees representing businesses participating in The Fund from diverse industries including food service, laundry, manufacturing and textiles. These Trustees, who serve without pay, are responsible for all of The Fund’s business affairs including investments, statistical data, financial reports and legal matters. To assure the optimum management of The Fund, these Trustees meet several times each year.
The Fund’s administration is managed by Amalgamated Employee Benefits Administrators, a leading third party administrator with extensive experience and expertise in pension administration. Amalgamated Employee Benefits Administrators provides a full range of services on behalf of The Fund, including but not limited to, maintaining records of participant benefits, eligibility, and payment history; processing pension applications in compliance with Fund rules; handling member inquiries; and general administration.