Labourers’ Pension Fund

What Labourers’ Pension Fund does

The Labourers' Pension Fund, legally known as the LiUNA Pension Fund of Central and Eastern Canada (LPF), is a privately administered Multi-Employer Defined Benefit Pension Plan (MEPP) established on February 23, 1972 and headquartered in Oakville, Ontario. The fund is registered under the Ontario Pension Benefits Act and with the Canada Revenue Agency, governed by a Board of Trustees, and subject to oversight by the Financial Services Regulatory Authority of Ontario (FSRA). It provides retirement, disability, and survivor benefits to unionized laborers and construction workers covered by collective bargaining agreements negotiated between employers and 14 affiliated LiUNA local unions across five provinces: Ontario, Nova Scotia, New Brunswick, Newfoundland & Labrador, and Prince Edward Island.

LPF operates on a non-contributory model in which employers alone remit hourly pension contributions to the fund based on hours worked by covered employees; no member contributions are required. Membership is automatically acquired when an employer remits 1,200 hours on behalf of an employee, with benefit credits continuing across employers through reciprocal agreements with the B.C. Labourers' Pension Plan, the Construction and General Workers' Union (CCWU), and the Western Fund. The fund serves over 150,000 active members and over 28,500 pensioners and beneficiaries, with nearly 3,000 unrelated participating employers and total assets under management of $12.6 billion.

The fund's technology stack centers on a secure online member portal (AccessLPF) and a complementary LPFCEC mobile application available on iOS and Android, which together provide self-service pension estimates, digital pension applications, document uploads, beneficiary management, and biometric (Face ID / fingerprint) authentication. Investment management and administration are supported by a core ecosystem of professional service partners: Northern Trust serves as custodian, Willis Towers Watson as investment consultant, Koskie Minsky LLP as legal counsel, PBI Actuarial Consultants Ltd. as plan actuary, and Deloitte LLP as external auditor. The fund communicates with members through the twice-annual BUILD newsletter, mailed annual benefit statements, website educational resources, and the AccessLPF digital channels.

Name

Labourers’ Pension Fund

Legal name

LiUNA Pension Fund of Central and Eastern Canada

Website

https://lpfcec.org

Company type

Private

Founded year

1972

Operating status

Operating

Short description

Labourers' Pension Fund (LiUNA Pension Fund of Central and Eastern Canada) is a multi-employer defined benefit pension plan serving over 150,000 active members and 28,500 pensioners across 5 Canadian provinces, managing $12.6 billion in assets through employer-only contributions governed by collective bargaining agreements.

Ownership category

akta.pro rank

Product category

Defined Benefit Multi-Employer Pension Plan

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Multi-employer pension plan
• Defined benefit pension
• Pension fund management
• Retirement benefits administration
• Union pension services

Headquarters

HQ city

Oakville

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Employer Pension Contributions: The fund is a non-contributory plan where only employers contribute. Contributing employers sign collective bargaining agreements with local unions and make hourly contributions to the fund based on hours worked by covered employees. The contribution rate is set out in the Collective Bargaining Agreement between the employer and the local union.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

The Labourers' Pension Fund is a Multi-Employer Defined Benefit Pension Plan that provides lifetime retirement income, disability pensions, and survivor benefits to unionized laborers and construction workers. Only employers contribute to the fund, with hourly contribution rates negotiated through collective bargaining agreements with LiUNA local unions; employees are automatically enrolled and vest after 1,200 hours of contributions. Members access their pension information, run estimates, apply for benefits, and manage accounts via the AccessLPF online portal and LPFCEC mobile app.

Product overview

The LiUNA Pension Fund of Central and Eastern Canada operates as a unified Multi-Employer Defined Benefit Pension Plan (MEPP) providing retirement income security to over 150,000 members and 28,500 pensioners. The core offering consists of the LPF pension plan itself, supplemented by AccessLPF (the secure online member portal) and the LPF Mobile App (iOS and Android) which together enable members to access their pension information, obtain estimates, apply for benefits, and manage their accounts. The BUILD Newsletter serves as the primary communication vehicle for plan updates. The fund covers nearly 3,000 participating employers across Central and Eastern Canada through affiliation with Local Unions of the Labourers' International Union of North America.

Differentiator

Problem solved

Functional benefit

Products and services

• LiUNA Pension Fund of Central and Eastern Canada (LPF Defined Benefit Pension Plan) A Multi-Employer Defined Benefit Pension Plan (MEPP) covering workers under collective agreements negotiated with Labourers' International Union of North America (LiUNA) local unions across Central and Eastern Canada. Provides lifetime retirement income, early retirement from age 55, disability pension benefits, survivor benefits, and vesting after 1,200 hours of employer contributions.
• AccessLPF Online Member Portal Secure online portal for LPF members allowing them to view pension contributions and work history, obtain pension estimates, apply for retirement or disability pensions, update personal information, manage beneficiaries, and submit forms.
• LPF Mobile App (LPFCEC) Mobile application for iOS and Android providing full functionality of the AccessLPF online platform, including tracking pension growth, viewing benefit statements, checking contribution history, and managing account details. Supports Face ID and fingerprint biometric authentication.

Quantifiable outcome

• Average annual return of 6.35% (5-year) and 6.37% (10-year) as of December 31, 2024
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Northern TrustcoreOthersProfessional custodian responsible for holding the fund's assets and securities for safekeeping, minimizing risk of theft or loss. Also handles settlement of purchase and sale transactions, collects dividends and interest payments, provides tax support and foreign exchange transactions.
• Willis Towers Watson (WTW)coreTechnology or IntegrationInvestment consultant providing objective advice to the Board of Trustees on establishing investment policies and objectives, evaluating investment types, providing advice on investment benchmarks, and monitoring portfolio manager performance. Does not sell or have stake in fund investments.
• Koskie Minsky LLPcoreOthersLegal counsel providing advice and consultation to the Board, CEO, and staff on pension-related issues. Represents the fund in all legal matters pertaining to pension benefits.
• PBI Actuarial Consultants Ltd.coreOthersPlan actuary advising trustees on all financial matters relating to the fund. Performs annual actuarial valuation determining funded position and future contribution rates needed to provide member pension benefits at retirement.
• Deloitte LLPcoreOthersExternal auditor performing annual audit of the fund in accordance with CPA Canada Standards and Guidance Collection handbook. Required for funds with at least $10 million in assets under Ontario Pension Benefits Regulations.
• B.C. Labourers' Pension PlanminorStrategic or Co-development PartnerReciprocal agreement enables members temporarily employed under the Western Plan to transfer pension contributions to LPF, preventing breaks in service for members working across provincial jurisdictions.
• CCWU (Construction and General Workers' Union)minorStrategic or Co-development PartnerReciprocal agreement allows members working under CCWU to transfer pension contributions between plans, maintaining continuous pension accumulation without incurring break in service.
• Fund Administration Services (Western Fund)minorStrategic or Co-development PartnerReciprocal agreement partner enabling member pension transfers and contribution portability between Western Plan and LPF.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• B.C. Labourers' Pension Plan: The B.C. Labourers' Pension Plan is the Western Canadian counterpart to LPF, covering unionized construction labourers and trades under collective bargaining agreements. They are reciprocal partners, allowing members to transfer contributions between plans, making them the most direct structural peer.
• CCWU Pension Plan (Construction and General Workers' Union): CCWU is a directly comparable Canadian multi-employer construction trade union pension plan with a reciprocal agreement enabling contribution transfers with LPF. It serves a similar member base of construction workers under CBA contributions.
• LiUNA National Pension Fund: LiUNA National is the broader Labourers' International Union pension plan covering U.S. and Canadian members. While larger and multi-jurisdictional, it shares the same trade union sponsor (LiUNA) and laborers/construction worker base as LPF.

Emerging players

• Ontario Construction Trades Pension Plan (e.g., Bricklayers & Masons): Construction-trade-specific pension plans serve overlapping but more narrowly segmented construction worker cohorts. They share the CBA-funded, Ontario PBA-regulated DB structure with LPF but operate at smaller scale and narrower trade scope.

Broad incumbents

• Canada Pension Plan (CPP) Investment Board: CPP Investments manages the Canada Pension Plan fund under a DB-like mandate for Canadian workers. While national in scope and statutory, it shares the asset stewardship, professional investment management, and long-duration liability profile of LPF.
• Ontario Teachers' Pension Plan (OTPP): OTPP is one of Canada's largest DB pension plans, also operating under the Ontario Pension Benefits Act. While broader in scope (educators, not construction), it shares the same regulatory framework, DB structure, and institutional investment approach as LPF.
• Healthcare of Ontario Pension Plan (HOOPP): HOOPP is a major Ontario multi-employer DB pension plan serving healthcare workers. It shares LPF's MEPP structure, Ontario PBA regulation, and lifetime-benefit model, though it operates in healthcare rather than construction.
• OMERS (Ontario Municipal Employees Retirement System): OMERS is a large Canadian multi-employer DB pension plan operating under Ontario PBA. It is comparable to LPF in governance structure, DB design, and investment scale, though it serves municipal employees rather than labourers.

Regional players

• CAAT Pension Plan: CAAT is an Ontario-based multi-employer DB pension plan for the college sector. It shares LPF's MEPP structure, Ontario PBA governance, and DB pension philosophy, but serves a different occupational segment.
• OPSEU Pension Plan: OPSEU Pension Plan is an Ontario multi-employer DB plan serving Ontario Public Service employees. Like LPF, it operates under Ontario PBA, uses a DB structure, and pools contributions from multiple participating employers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Labourers’ Pension Fund