Geographic Area Multiemployer Pension Plans (MEPPs) are retirement plans that are established to provide retirement income security for employees working in a specific geographic region or locality. These plans are often created to serve the needs of workers and employers within a defined area. Here are some examples of Geographic Area MEPP Plans:
- Metropolitan Area Plans:
- These MEPPs are established to serve employees in a specific metropolitan area or city. For example, there may be plans focused on New York City, Los Angeles, or Chicago, providing retirement benefits to workers in various industries within these urban centers.
- Regional Plans:
- Regional MEPPs cover workers in a broader geographic region, such as a state or group of neighboring states. They may be established to serve employees in the Midwest, the Northeast, or other regions.
- Statewide Plans:
- These plans provide retirement benefits to employees working within a single U.S. state. They cater to workers in various industries and occupations who reside and work in that state.
- Rural Area Plans:
- MEPPs serving rural areas are designed to meet the needs of workers in less densely populated regions, including agricultural areas and small towns. These plans may cover employees in farming, ranching, and rural businesses.
- Coastal Area Plans:
- Plans specific to coastal areas, such as the Gulf Coast or the Eastern Seaboard, provide retirement benefits to workers in maritime industries, fisheries, and other coastal-related occupations.
- Mountain Region Plans:
- MEPPs in mountainous regions serve employees in areas with challenging terrain, such as the Rocky Mountains. These plans may cover workers in mining, outdoor recreation, and other mountain-related occupations.
- Desert Area Plans:
- Plans for desert areas are tailored to the needs of workers in arid and desert regions. They may serve employees in agriculture, tourism, and industries specific to desert environments.
- Great Lakes Region Plans:
- MEPPs in the Great Lakes region provide retirement benefits to workers in states bordering the Great Lakes, such as Michigan, Ohio, and Illinois. These plans may cover employees in manufacturing, shipping, and related industries.
- Pacific Northwest Plans:
- These plans serve employees in the Pacific Northwest region, including states like Washington and Oregon. Workers in industries such as logging, fishing, and technology may be covered.
- Sunbelt Plans:
- Sunbelt MEPPs are established in the southern and southwestern U.S., covering workers in states with warmer climates. These plans may serve employees in construction, tourism, and agriculture.
- Appalachian Region Plans:
- MEPPs in the Appalachian region provide retirement benefits to workers in states along the Appalachian Mountains. These plans may cover employees in coal mining, forestry, and outdoor recreation.
- Northern Border Plans:
- Plans specific to the northern U.S. border, including states like North Dakota and Montana, provide retirement benefits to workers in border-related industries, such as agriculture and cross-border trade.
- Island and Coastal Territory Plans:
- These plans cater to workers in U.S. territories and island states, including Hawaii, Alaska, and Puerto Rico. They may cover a wide range of industries, including tourism, fisheries, and indigenous crafts.
- Central Plains and Heartland Plans:
- MEPPs in the central plains and heartland regions serve employees in the agricultural, manufacturing, and transportation sectors within the interior of the United States.
Geographic Area MEPP Plans are designed to address the specific needs and employment patterns of workers within a defined geographic area. The exact structure and features of these plans depend on the collective bargaining agreements, industry dynamics, and regional considerations.