The ILA Employers Welfare Fund is a Taft-Hartley Multi-Employer Union Management Jointly Trusteed Trust Fund. It was established in 1957 and began paying fringe benefits to eligible participants in 1958. The Fund provides benefits to eligible participants and retirees in the Longshore industry and in the container maintenance and repair industry for the ILA Local Unions in the Ports of Savannah and Brunswick, Georgia.
The benefits are:
Welfare benefits (health insurance) for eligible participants and retirees and their eligible dependents;
Pension benefits for retired participants and eligible surviving spouses/beneficiaries of deceased participants; and
Fund for Supplemental Vacation Benefits for eligible participants (Office employees excluded.)
The Fund is operated in accordance with several Federal Acts including the Employment Retirement Income Security Act (ERISA) and the Multi-Employer Pension Plan.
Office Management and Trustees
The Trustees are charged with administering the Plans and managing the Plans’ assets for the benefit of eligible Participants. The Trustees are individuals designated by the ILA Locals and designated by the GSA. The ILA Locals and the GSA have an equal number of votes without any regard to how many Trustees are present at the time of any vote, and without regard to how many Trustees are appointed at any given time. The Trustees function collectively and are known as the “Joint Board of Trustees” for the Plans.