| Benefits to Union Members
How Union Members Benefit
As an investment program created by the AFL-CIO, the Building Investment Trust provides wide-ranging benefits to union members and their communities:
- Retirement security. With its competitive rates of return and low volatility, the Trust has a consistent
performance record
of providing prudent stewardship of union pension funds that ultimately benefit union members upon retirement.
- Jobs. All construction and rehabilitation work financed
by the Trust is performed by 100% union
labor. The Trust has issued financing commitments that have
generated thousands of jobs in construction work since its inception in 1988. Trust-financed projects also create
opportunities for permanent employment in the maintenance and operation of hotels, supermarkets, and other properties in which the Trust has an ownership interest.
- Union market share. Through the projects it finances,
the Trust helps union members increase their market share in
the construction industry, including work in geographic
areas where unions have traditionally been underrepresented.
- Community development. The Trust's support for commercial and housing development helps transform communities and strengthen the economic base of the cities and towns that union members
call home.
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