Many of the employers are demobilizing their construction sites and operating on a skeleton crew or suspending construction altogether. In this situation, insured members will continue to be covered until their dollar bank balance is exhausted. Once the dollar bank is exhausted, the member will be given the option to self pay for a period of 12 months in accordance with the plan regulations. The Trustees are closely monitoring this situation and we will provide updates as it evolves.
Pension Plan Operations
Retired members that are receiving their monthly pension payments by direct deposit will have no disruption in service. Your payments will continue to be deposited in your account each month as normal.
Retired members that are receiving their monthly pension payments by cheque will see a disruption in service due to issues at the Canada Post distribution centre. We strongly encourage you to sign up for direct deposit immediately. If you are insured under the Health Plan and we have banking details on file for your health plan claim payments, we will automatically apply the same details for your pension payments. Please immediately contact our Administrator, Leslie Wells, at 709-685-7769 or email@example.com if she has not spoken with you on this matter.
Enrolment Forms/Pension Applications/Death Benefit Applications/Pension Option Forms/Form 4- Notice of Intention for Marriage Breakdowns/Other Administrative Documents
In an effort to avoid service disruptions, enrolment/change forms, pension applications, death benefit applications, pension option forms, Form 4 – Notice of Intention forms, and all other administrative documents that are needed for the ongoing administration of the Pension Plan may be submitted electronically as follows:
- By Fax: 709-747-1235
- By Email: firstname.lastname@example.org For tips on scanning documents using a smartphone or tablet, click here.
Enrolment/Change forms along with other Pension administration forms can be found here: https://www.ualocal740.ca/member-resources/.
Members in the vicinity of the UA Local 740 Office Building may also use the drop box accessible from outside the building. Documents sent by mail will result in service disruptions due to the current postal service disruption. In addition, we are not able to guarantee access to the post office box or the UA Local 740 Office Building if there is a mandated lockdown. For this reason, we do not recommend using the mail service or drop box if the document request is urgent.
We will continue to monitor the impacts of COVID-19 and will update you as the situation evolves or when changes are necessary to align with Federal and Provincial Government directives.
We wish you and your loved ones health and wellness during this challenging time. Please do your part to reduce the spread and stay well.
The Board of Trustees
Bob Fiander, Chairman; Leslie Wells, Administrator
UA Local 740 Benefit Trust Funds