Central Pension Fund
As a Local 94 Union member, you may be eligible to participate in the International Union of Operating Engineers (IUOE) Central Pension Fund.
What is the Central Pension Fund?
The Central Pension Fund provides a source of income for your retirement. As a defined benefit plan, the Central Pension Fund pays monthly benefits to you or your dependents once you retire.
The money you receive from your Pension Fund comes from Employer Contributions made while you are actively at work. Your benefits from the Central Pension Fund are guaranteed and will only grow with time. The longer you work and the longer you are a member of the Central Pension Fund, the more benefits you receive.
Visit the Central Pension Fund Website
The IUOE, not the Local Union, administers the Central Pension Fund. To learn more about the Central Pension Fund, such as how the Fund works and to see the latest Annual Funding Report, visit the Central Pension Fund website.
You may also contact Joan Dimarco by email or at (212) 331-1836.
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How much are the dues?
Effective January 1, 2019, the maximum monthly dues are $92.89.
The predominant dues structure is as follows:
- 40 hour contracted work weeks are calculated by multiplying the hourly rate x 2.50
- 35 hour contracted work week hourly rate x $2.20
- 37 1/2 hour contracted work week hourly rate x $2.36
Please call the Union Office at (212) 331-1800 with any questions. You can also visit the Contact Us page for more information.