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Paradise Valley Hospital Update
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You have reached the web
site of the Operating Engineers Funds Inc., a complete source of
up-to-date information for active members, retirees, doctors and other
healthcare providers.
(Note:
These pages were designed, and are best viewed, using the
Microsoft
Internet Explorer browser with a standard 600x800 screen resolution.)
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Who We Are
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Operating Engineers Funds Inc. is a non-profit corporation that administers the
employee benefit programs for over 35,000 participants of the International
Union of Operating Engineers (I.U.O.E.), Local 12, and their
dependents and beneficiaries.
The majority of Local 12's operating engineers work in public and private
construction as heavy equipment operators, mechanics, concrete pumpers,
soil testers, inspectors, and surveyors.
The Fund Office is located at 100 E. Corson Street, Pasadena,
California 91103
The Las Vegas
Fund Office is located at 1401 S. Arville, Suite E, Las Vegas, Nevada
89102. |
Operating Engineers Health & Welfare Fund
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In
1954, I.U.O.E., Local 12, won an important benefit for its members -
the Health & Welfare Fund. For more than 45 years, the Board
of Trustees of the Fund has worked to provide broader and better
health benefits for every eligible participant.
Currently, the fund provides health and welfare benefits for over
15,000 active participants and about 7,000 retirees. Including
dependents, approximately 100,000 people are eligible to receive
benefits from the Fund, and an average of 5,000 claims are processed
every day.
Since the first claims were paid in April 1955, the Fund has paid
benefits in excess of $1.6 billion.
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Operating Engineers Pension Trust
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The
Operating Engineers Pension Trust was created June 1, 1960, by a
negotiated trust agreement between I.U.O.E., Local 12 and the
employers who are party to the labor agreements.
The Trust awarded the first pension in 1962. At that time, a
Current Service Credit was valued at $1.50 credit per month. For
pension effective on and after November 1, 2001, the value of the Current Service Credit was
increased to $54.00 per credit.
Since its inception in 1960, more than 24,000 pensions have been
awarded and the Trust has provided benefits in excess of $2 billion.
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Operating Engineers Vacation-Holiday Savings Trust
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The
Vacation-Holiday Trust was created in July 1963. The Trust
credits employer contributions to a vacation account for each
participant, based on reported hours.
Since its inception in 1963, the Trust has credited employer
contributions to employee vacation accounts in excess of $560 million.
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Operating Engineers
Journeyman-Apprentice Training Trust
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The
Training Trust was established on August 1, 1964.
The Trust conducts training and apprenticeship programs. These
programs educate, train and retrain persons to perform work covered by
the collective bargaining agreements, to acquire new skills, to
upgrade skills, and to develop skills required to meet technological
changes in the construction industry.
The Trust has training programs at a facility in Whittier,
California. Since its inception, 3,500 apprentices have graduated
from the training program and thousands of additional operating
engineers have acquired and upgraded their skills.
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