The administration of the plan and management of the fund must at all times satisfy all applicable statutory and legal requirements. Governance Policy provisions should never be taken as replacing or superseding any plan or fund statutory or legal requirement.
The Board of Trustees is committed to maintaining the required standards and processes to ensure that the oversight, management, administration and fiduciary obligations of the pension plan are being met. With this in mind, they have established four objectives:
1. Investment Objectives
Achieve long-term investment returns that contribute to the financial strength of the plan and to meet or exceed those returns identified in the plan’s Statement of Investment Policy and Procedures.
2. Organizational Objectives
Manage the affairs of the plan professionally, cost effectively and in compliance with all applicable laws and policies.
3. Communications Objectives
Communicate broadly and effectively so all plan members, beneficiaries and stakeholders understand what the Board is doing and how the Board is helping to keep the plan’s long-term pension promises.
4. Administration Objectives
Treat members and beneficiaries impartially by interpreting the plan terms fairly, impartially and in good faith. Prevent personal interests from conflicting with those of the plan or fund. Maintain accurate and complete records and, within the scope of its authority, ensure members and beneficiaries receive their benefits accurately and on a timely basis.
Group Benefits Information
RX/Extended Health Policy and Carrier Number
Active/Retired Policy#: 00551000; Carrier#: 07
Card Provider: Express Scripts Canada
Dental Policy and Carrier Number
Active/Retired Policy#: 00551000; Carrier#: 610158
Card Provider: Express Scripts Canada/Manions
This number can be found on your card under your name.
Emergency Out of Province Medical Coverage is provided through AIG for insured members under age 80, for a trip duration up to 90 days.
In an Emergency, Travel Assist must be contacted immediately: 1-877-204-2017 (Canada & US), 0-715-295-9967 (collect – outside Canada/US).
Group Policy Name: Newfoundland Plumbers & Pipefitter Local 740 Benefit Trust Fund
Policy Number: SRG 9148885
Struggling with Substance Abuse?
The RDTC/NLBTC Members’ Trust provides members with a substance abuse and rehabilitation program at no direct cost to the member.
Contact the Plan Administrator, John Horgan, for immediate, confidential help: 1-844-726-2778, firstname.lastname@example.org
Member and Family Assistance Program
Life happens. Let us help.
Your MFAP is a confidential, no cost, support service that can help you find solutions to all kinds of challenges at any age and stage of life.
Call for confidential and immediate support with your work, health and life at:
1-866-448-9444. Visit their website at workhealthlife.com and search: RDTC / NLBTC Members Trust
Professionals in Piping
Roles and Responsibilities
The Board of Trustees
The identified roles and responsibilities for the Board of Trustees are identified in the Governance Policy and reviewed annually to ensure compliance.
The Board of Trustees is the legal administrator of the plan and has overall responsibility with respect to the administration of the plan and management of the fund. They have a fiduciary responsibility towards the plan members, beneficiaries and other stakeholders. Despite being appointed by the Union or CLRA, they recognize the differences between their duties as plan administrators and their respective roles with the Union or affiliated employer with the CLRA.
Given the complexity of modern day trust funds and the legal framework under which the trustees and trust funds must operate, professional advice is increasingly critical to trustees. While the Trust Agreement allows the Board of Trustees to retain the services of professional advisors to assist them in the administration and management of the plan, they are still responsible for the actions of the Trust.
As such, they must ensure that the appropriate care and attention is given to the selection of suitable professional advisors. Furthermore, they have an obligation to supervise the professional advisors to the extent that it is reasonable to do so. Each year the professional advisors undergo a performance evaluation to ensure they are compliant with the roles and responsibilities set out in their written contracts with the Board of Trustees.
Pension Plan Consultant
Manion Wilkins & Associates Ltd.
Asset Management Consultant
Martin, Whelan, Hennebury, Stamp.
Wade Morrison, CPA, CA
David Webb, CPA, CA
In addition, the Board of Trustees retain the services of professional advisors to assist them in the administration and management of the plan.
Personal information is information that identifies you as an individual. It includes not only your name, address, age, and gender, but also your identification numbers, work history, the names of your designated beneficiary(ies) and covered dependents (if applicable). Any medical or dental history provided to us in connection with Health & Welfare claims is personal health information, which is also considered personal information, but is treated with extra sensitivity.