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Greater Kansas City Laborers' Pension Plan
The Greater Kansas City Laborers Pension Plan is a defined benefit plan serving employees in Kansas, United States. It focuses on the biotech and life science...
Greater Kansas City Laborers' Pension Plan
The Greater Kansas City Laborers Pension Plan is a defined benefit plan serving employees in Kansas, United States. It focuses on the biotech and life science sectors.
General information
Firm type
Pension Fund
Year founded
1966
Location
Region
North America
Country
United States
City
Overland Park
Corporate office
Overland Park, KS, United States
Principals
Reginald Thomas
Chairman of the Board of Trustees
Donald E. Greenwell, III
Secretary of the Board of Trustees
Sector focus
Frequently asked questions
Is Greater Kansas City Laborers' Pension Plan associated with any specific union locals?
Yes. The plan covers members of Laborers' International Union of North America (LIUNA) Locals 264 and 1290, who work under collective bargaining agreements with contributing employers organized through The Builders' Association.
Where does the underlying capital come from?
Contributions are made by construction-industry employers pursuant to collective bargaining agreements negotiated with LIUNA district councils and locals. The Builders' Association serves as the employer bargaining representative. All contributions are held in trust exclusively for the benefit of participating laborers and their beneficiaries.
How is Greater Kansas City Laborers' Pension Plan governed?
The plan operates under a joint board structure mandated by the Taft-Hartley Act. Trustees are split between union-appointed representatives and employer-appointed representatives, creating bipartite oversight. All investment and administrative decisions must reflect ERISA fiduciary standards.
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