The Labourers' Pension Fund of Central and Eastern Canada is a Multi-Employer Pension Plan (MEPP) established on February 23, 1972. In a MEPP, both the benefits and the contributions are defined. Since its inception, the Fund has grown to over $6.9 billion in assets, over 113,000 members and over 21,000 pensioners and beneficiaries. The Plan is registered under the Ontario Pension Benefits Act and the Income Tax Act, under registration No: 0573188.
The Labourers' Pension Fund of Central and Eastern Canada is a union-negotiated, collectively-bargained (Defined Benefit) Pension Plan that has approximately 2,000 unrelated participating employers.
The Plan was established primarily to provide retirement benefits for employees under agreements between employers and the Union, and employers and the Trustees of the Plan. If you are an employee of a company that has signed a collective agreement with the Union, your employer is required to make contributions to the Fund on your behalf, based on hours worked at the negotiated contribution rate per hour.