The Board of Trustees are pleased to welcome you to the new Money Purchase Pension Plan website. Within this website, you will now have access 24 hours a day, 7 days a week to commonly requested forms, useful highlighted links, and frequently asked questions regarding your benefit information. As always, please feel free to contact the Benefit Office at 925-208-9985 if you have any additional questions or concerns.

Prior to December 16, 1981, the Marine Fireman's Union and the Pacific Maritime Association informally discussed the desirability of adopting a Money Purchase Pension Plan. On December 16, 1981, the parties agreed to allocate from the wage-benefit increases available the sum of $2.47 for mandays worked from June 16, 1981 until December 16, 1981 and a manday contribution of $6.00 a day for all days worked after December 15, 1981. PMA and the MFOW then amended the existing Supplemental Pension Trust to permit the establishment of a Money Purchase Pension Plan in addition to the MFOW-PMA Supplemental Pension Plan. The Plan and the Trust amendments were formally adopted on the 23rd of March 1982 with an effective date of June 16, 1981.

The Plan was submitted to the Internal Revenue Service, and a number of amendments were required by the IRS to comply with then-existing law. The Plan was formally approved by the IRS in 1983.

The MFOW Money Purchase Pension Plan is managed by a Board of Trustees comprised of both union and employer representatives. The Trustees work together to provide its Participants and their dependents with online access to complete information about your Pension Plan.