Consists of Three Large, Separate Trust Funds
They have been created by Declarations of Trust, and maintained pursuant to the terms of several Collective Bargaining Agreements between the Eastern Atlantic States Regional Council of Carpenters, and Employers, who are represented in bargaining by various employer associations, including the General Building Contractors Association, Inc.
All of our Trust Funds are not-for-profit, exist and operate for the sole and exclusive benefit of their Participants. The three Trust Funds are administered by separate Boards of Administration, comprised of an equal number of Union and Employer Trustees. The Funds are operated, administered, and maintained in total compliance with the provisions of governing law. The funding sources of the Trust Funds are the employer contributions that are paid pursuant to collective bargaining agreements, plus income derived from the investment of Fund Reserves.