About the Fund
The Sheet Metal Workers’ National Pension Fund (“NPF” or “Fund”) is a defined benefit pension fund. As a defined benefit plan, all Fund assets are held in one trust for the benefit of all participants. There are no individual accounts. Except for very small amounts, benefits are paid in the form of a monthly annuity or monthly payment.
The NPF is funded entirely by employer contributions and earnings on investments. No employee contributions are permitted or accepted.
The Fund also employs staff to manage the day-to-day Fund operations, including the collection of employer contributions and the processing of pensions. Meet the senior staff NPF Staff.
The NPF is governed by federal law. The principle law is the Employee Retirement Income Security Act of 1974, as amended. The Fund is regulated by the Department of Labor, the Treasury Department (and IRS) and the Pension Benefit Guaranty Corporation (PBGC). Subject to certain limits, PBGC provides a limited guarantee of NPF benefits.