The Central Pension Fund (CPF) is a multi-employer pension fund established in 1960 to provide retirement, disability, and death benefits to members of the International Union of Operating Engineers. With over 6,200 contributing employers, CPF is the second-largest multi-employer defined benefit pension fund in the United States.
CPF offers a real lifetime pension, with benefits calculated using a set formula, unlike a 401(k) account which is subject to market fluctuations. Their comprehensive range of services includes application for benefits, change of address, direct deposit authorization, and more, ensuring that participants receive valuable information about their pension. CPF is committed to providing reliable and secure retirement solutions to its approximately 130,000 active and vested participants and 78,000 recipients.
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