The Annuity Plan, a defined contribution Plan, was established as a result of the Collective Bargaining Agreements between the Unions of the United Brotherhood of Carpenters and Joiners of America and Employers. Copies of the Collective Bargaining Agreements
may be obtained from the Fund Director upon request. Contributions to the Northeast Carpenters Annuity Fund are "profit sharing" contributions under the Internal Revenue Code. The Northeast Carpenters Annuity Fund is administered by a joint Board of Trustees consisting of an equal number of union-designated trustees and employer-designated trustees. An Executive Finance Committee consisting of union and employer designated trustees functions between meetings of the Board of Trustees. In
addition, an Administrative Manager functions between meetings of the Executive Finance Committee and the Board of Trustees. The Trustees are responsible for the administration of the Annuity Plan and their decisions are final. The Plan's fiscal year ends December 31st. Payment of Annuity benefits on separation from service, as well as retirement.
Calculation of benefit payment amounts. A lump sum payment option.
Annuity Balance Interest Rate is 16.11%The Board of Trustees of the Northeast Carpenters Fund approved this rate of return for the 2021 Plan Year.
 ANNUITY FORMS AND DOWNLOADSKEYWORDS & DEFINITIONSNew England Carpenters Pension Fund Overview
New England Carpenters Pension Fund General InformationDescription New England Carpenters Pension Fund is a multi-employer defined benefit union pension fund based in Wilmington, Massachusetts. Established in 1962, the plan is a part of New England Carpenters Benefit Funds, which also includes the plans New England Carpenters Guaranteed Annuity Fund and New England Carpenters Health Benefits Fund. The collectively bargained defined benefit pension plan provides monthly retirement benefits to the eligible members. The assets of the pension fund are managed by the board of trustees. Contact InformationNew England Carpenters Pension Fund Commitments (163)
You’re viewing 5 of 163 commitments. Get the full list » Want to dig into this profile?We’ll help you find what you need Learn more New England Carpenters Pension Fund Commitment AnalyticsPitchBook’s data visualizations help you see a limited partner’s commitments—showing a breakdown of activity by fund type and region, complete with performance metrics. Request a free trial Commitments by Fund Type Commitments by Region New England Carpenters Pension Fund Investment AllocationsPitchBook provides insight into a limited partner’s preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds. Request a free trial
New England Carpenters Pension Fund Team (6)
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New england carpenters guaranteed annuity fund annual report
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