IAM National Pension Fund Standard Contract Language

The bargaining parties that participate in the IAM National Pension Fund ("the Fund") must agree to the Plan's Standard Contract Language (SCL). This document sets forth the basis for participation in and contributions to the Fund.

Certain options, as shown in the the Plan's Standard Contract Language, may be negotiated by the bargaining parties.

If you need assistance with the SCL please contact the Education and Employer Services department at 202-785-2658 or email by clicking here.


View the IAM National Pension Fund Standard Contract Language here (PDF)


View instructions for completing the Standard Contract Language here (PDF)
 

Under the Rehabilitation plan, bargaining parties will be required to execute adoption of the Rehabilitation Plan and one of the two Schedules. For the model adoption language templates, please login to E-Remit and navigate to the Rehabilitation Plan page.

 

Standard Contract Language Issues

All employers that participate in the IAM National Pension Fund (the “Fund”) must agree to the Standard Contract Language (SCL), which sets forth the basis for contributions. It may either be signed separately or incorporated into the collective bargaining agreement.

There are options that may be negotiated such as 40-hour weekly cap or annual cap, probationary exclusions, exclusions for certain paid time (with the exception of vacation and holiday time), etc. You or the company may not change the SCL without approval. In many cases changes must be presented to the Trustees for approval and there is no guarantee they will be approved.

Some common issues that employers may raise with regard to the SCL are:

  • Exclusion of part-time or temporary employees
  • Inclusion of language regarding withdrawal from the National Pension Plan in the event the plan enters an endangered or critical status zone of the Pension Protection Act or if the plan has withdrawal liability.

If you encounter problems or have questions about negotiating the SCL, contact the Fund's Education and Employer Services Department or your IAM Pension Coordinator for assistance.