The Bricklayers and Trowel Trades International Pension Plan was established in 1972 by the International Union of Bricklayers and Allied Craftworkers and various Contractor Associations. It is financed by employer contributions established in collective bargaining agreements between the Union and the employers participating in the International Pension Fund (IPF). Employees can not contribute to the Plan. The Bricklayers and Trowel Trades International Pension Plan is administered by a Board of Trustees consisting of an equal number of representatives of the Union and an equal number of representatives of the Employers. They serve without compensation. The Trust Fund is separate from, and not a part of, the International Union or any employers' association.