PENSION & WELFARE

WATERFRONT EMPLOYERS-ILA PENSION AND WELFARE FUND
CONTAINER ROYALTY SUPPLEMENTAL CASH BENEFIT FUND
(JMA-ILA Welfare & Pension Administration)

The Jacksonville Maritime Association-International Longshoremen’s Association Welfare Plan and Pension Plan, collectively known as the JMA/ILA Welfare and Pension Administration, was established pursuant to the collective bargaining agreements effective July 1, 1958. It is a Taft-Hartley, Multi-Employer, Union-Management, Jointly Trustee Trust Fund.

The Funds provide benefits to eligible active participants and retirees in the Longshore industry and the container maintenance and repair industry for the ILA Local Unions in the Port of Jacksonville, Florida. Benefits are also provided to certain non-bargaining unit employees approved by the Trustees. The benefits are:

· Welfare benefits for participants and their eligible dependents;

· Pension benefits for retired participants; and

· Container Royalty benefits for eligible participants.

The benefits are totally funded by the contributing employers in accordance with the provisions of the applicable collective bargaining agreements. The Funds are operated in accordance with applicable laws including, but not limited to the following acts: the Employee Retirement Income Security Act (ERISA), the Multi-Employer Pension Plan Amendments Act (MPPAA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), and the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The Funds are also subject to applicable Federal and State Regulations and other Federal Agencies such as the Internal Revenue Service, the Department of Labor, and the Labor Management Relations Board.

Board of Trustees

A Board of Trustees, the members of which consist of three Labor Representatives and three Management Representatives, is the Plan Administrator and governs the Fund’s local activities. The daily operations are directed by and under the supervision of the Fund Administrator and Assistant Administrator.