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The International Pension Fund (IPF) was established in 1972 to help BAC members plan for a secure retirement. Since that time, the Fund has paid over two billion dollars to members and beneficiaries. IPF provides pension benefits to participants, some of whom may also participate in Local Union pension funds, and offers four types of benefits, including normal, early, disability, and survivor benefits. In order to receive benefits, a member must accumulate five years of credited service as outlined in the plan.
In addition to providing a secure financial future, IPF also helps to create jobs and work hours for BAC members through the investment of IPF assets secure pooled mortgage funds that provide long-term financing for union-built construction projects employing BAC members.
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