Labor-Management Trust Funds

Labor-Management Trust Funds

A collective bargaining agreement which establishes a trust fund to provide pension and health insurance benefits is important to the lives of union workers. Funds for benefits are placed in a trust that cannot be touched by management. But there is much more to be done – the trust needs to be funded on a regular basis and the trust needs to be in compliance with federal and state laws at all times.

The Reich, Adell & Cvitan labor union law firm advises, represents, and defends trust funds in matters related to labor-management trust funds.

  • Establish Union Trust Funds: When setting up a labor-management trust fund, our trust fund lawyers assure that the rules and obligations governing the fund are clear to all parties. We will review all documents to assure they are fair, in compliance with all relevant laws, and legally enforceable.
  • Enforce Contributions: Our trust fund lawyers will, when necessary, vigorously pursue enforcement of employers’ funding obligations.
  • Assure ERISA and COBRA Compliance: Does your union trust fund meet all requirements of ERISA (Employee Retirement Income Security Act) and COBRA (Consolidated Omnibus Budget Reconciliation Act) health insurance continuation? Does it meet all Department of Labor regulations? A California ERISA attorney from Reich, Adell & Cvitan will guide you through the complexities of the governing laws.

Meet Fiduciary Obligations: Make sure all actions related to your union trust fund are well documented and carefully considered. Our trust fund lawyers can advise you. Our trust fund lawyers have experience defending trust funds and trustees accused of improper conduct.