The Southern California Lumber Industry Retirement and Welfare Funds are employee benefit plans, which are the result of collective bargaining and are administered jointly by a Board of Trustees composed of Employer representatives and Union representatives.
The Plans are available to employees working under collective bargaining agreements, wherein the Labor Organizations and the Employers agree to participate in the Funds. Currently, there are over 100 employers paying contributions to the Plans.
The Southern California Lumber Industry Retirement Fund was started in 1957 and is Federally qualified under the I.R.S. and the Department of Labor Regulations. The Retirement Fund provides participants and beneficiaries who have met the required eligibility provisions of the Plan with various benefit options at retirement age.
The Southern California Lumber Industry Welfare Fund was first established in 1955 and is jointly administered by a Board of Trustees composed of Union and Employer Trustees. The Welfare Fund provides participants and dependents who have met the required eligibility provisions with medical, surgical, hospital, dental and other health benefits.