FAQ – NIPF Employers

Frequently asked questions from employers:

Q: What is the SEIU National Industry Pension Fund?
A:  The SEIU National Industry Pension Fund is a 100% employer funded, multi-employer defined benefit plan that was established in 1968.  

Q: Who can contribute to the SEIU National Industry Pension Fund?
A:  Any employer that has a collective bargaining agreement with a SEIU Local can potentially contribute to the SEIU National Industry Pension Fund on behalf of their members.  Contact your local SEIU office or the Fund office directly for more information. 

Q: How do you report to the Fund?
A:  Employers report contributions to the Fund by submitting a remittance report and corresponding payment to the Fund office’s lockbox address and/or email address at remittance.reports@seiufunds.org.  The lockbox address is:

                                S.E.I.U. National Industry Pension Fund
                                P.O. Box 5501 (NIPF) or 5500 (BSEP) 
                                Hicksville, NY 11801

If you would like to learn  how to send payments electronically to the Fund office please send an email to your contract technician at the Fund office.  If you are unsure who to contact you can click the link below:

List of Local Unions

and contact the person that correcsponds to the local for which you have a collective bargaining agreement.  

Q: What type of information do I need to report to the Fund on a remittance report with payment?
A:  A participating employer should report the following information for every employee for every month:

  • Employee Full Name
  • Employee Full Social Security Number
  • Employee Birth Dates
  • Employee Hire Dates
  • Employee Gender
  • Reported Units (This varies by Collective Bargaining Agreement)

You can find some examples on the Employer Resource page.  Please contact your contract technician or the Fund office at benefitfundinfo@seiufunds.org for more information.

Q: When are contributions due?
A: Contributions and supporting remittance report(s) for the National Industry Pension Fund (NIPF) are due on the 15th of the month following in which the work was performed for which the contributions are owed.  For a more detailed explanation, please see section 2 of the NIPF Collections Policy.  Contributions and supporting remittance report(s) for the Affiliates, Officers and Employees Pension Plan are due at the end of the month following in which the work was performed.

Q: When are we required to start contributing on new employees?
A:  You should check your collective bargaining agreement or if you are unsure contact your contract technician at the Fund office.  

Q: What contribution rate should we pay?
A:  You should check your collective bargaining agreement or if you are unsure contact your contract technician at the Fund office.  

Q: I am a new participating employer to the SEIU National Industry Pension Fund.  What do I need to do to pay contributions?
A:  You should check your collective bargaining agreement or if you are unsure contact your contract technician at the Fund office.  

Q: What is withdrawal liability?
A:  Withdrawal liability is an employer’s pro-rated portion of a pensions fund’s unfunded, vested benefits that would be due should that employer no longer have an obligation to contribute to the plan.  Please see the SEIU National Industry Pension Fund Withdrawal Liability Valuation in the NIPF Financial page for more information.  

 

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