UA Local Trusts

What is a Benefit Trust Fund?

A benefit trust fund is an arrangement where one person or a group of people (the trustees) hold the trust assets for the benefit of others. The party or parties that set up the benefit trust fund are called settlors. The settlors create a written document, called a Trust Agreement, which sets out such matters as:

  • The number of trustees and their method of appointment;
  • The explicit powers granted to the trustees to administer the fund;
  • The responsibilities of the trustees and protections for their acts as trustees, provided all actions are in good faith;
  • Requirements for annual meetings, audits and trustee meetings;
  • The basis for accepting contributions to the fund and delinquency procedures that may be available to the trustees, separate from the grievance procedures in the collective agreement;
  • Provisions for amendment and termination of the fund.
The trust agreement is just one of the documents detailing the manner in which a benefit trust fund operates. In their administration of the benefit trust fund, the trustees and their professional advisors are also governed by the plan text, the collective agreement and applicable legislation. The legislation may include pension benefits, trustees, labour relations and income tax legislation. In addition, the trustees are bound by common law standards of fiduciary conduct. As fiduciaries, the trustees must act with a standard of care and thought for the future. There are four duties of common law to which trustees are held:

  1. Conflict of Interest Rule: to act for the benefit of the trust and never for himself or herself while carrying out his or her duties;
  2. Standard of Care Rule: to be active in carrying out those duties and perform them with complete integrity;
  3. No-Delegation Rule: To carry out those duties personally as a result of the trust and confidence place upon him or her;
  4. Even-Handed Rule: To act impartially between the beneficiaries unless the trust instrument authorizes otherwise.
The settlors for your benefit trust funds are UA Local 740 and the Construction Labour Relations Association of Newfoundland and Labrador. They have set up two Benefit Trust Funds to provide benefits for our members: a Health & Welfare Trust Fund and a Pension Trust Fund.
The following documents are available for viewing through your MWA online account.

  • Actuarial Report (Pension Plan)
  • Annual Information Return (Pension Plan)
  • Pension Plan Text
  • Trust Documents: Health & Welfare Trust, Pension Trust
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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 Certificate Number/ID This number can be found on your card under your name.

Travelling

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

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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, jhorgan@nlbtc.com

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

Pension Trust Fund

UA Local 740’s Pension Trust Fund was established on September 22, 1975 and is registered with the Newfoundland and Labrador Financial Services Regulation Division under registration number 075302 and with the Canada Revenue Agency under registration number 0588624. It is a multi-employer defined benefit pension plan. A multi-employer defined benefit pension plan simply means that there are two or more employers contributing to the plan and that the level of pension benefit provided is based on a formula set out in the pension plan text. The pension contributions received by the plan are based on a rate negotiated in your collective agreements. Pension contributions are held in the Pension Trust Fund under a Trust Agreement for the sole purpose of providing benefits to eligible members, and to pay expenses associated with the administration of the plan.
The Board of Trustees is responsible for the overall administration of the plan. The trustees are appointed to the board in accordance with the collective labour agreement and the trust agreement. In their duty as administrator, they must ensure that the pension plan and pension fund are administered in accordance with the Pension Benefits Act (PBA) and regulations, and the terms of the pension plan text. While the Board of Trustees retains the overall responsibility for the administration of the plan, they may retain administration staff and professional advisors to handle the day to day operations. The administration office is located in the UA Local 740 Building at 48 Sagona Ave, Donovan’s Industrial Park, Mount Pearl. More detailed information regarding your pension plan is available in your benefit booklet and personalized benefit statement (PBS), which are available through your Member Online Account: https://mwaonline.manionwilkins.com

Professionals in Piping

Health & Welfare Trust Fund

UA Local 740’s Health & Welfare Trust Fund was established in 1973 for the purpose of providing health care benefits for the members. It is a multi-employer group insurance plan. A multi-employer group insurance plan simply means that there are two or more employers contributing to the plan and the plan is uniform in nature, offering the same benefits to all members and their eligible dependents. The health & welfare contributions received by the plan are based on a rate negotiated in your collective agreements. Health & welfare contributions are held in the Health & Welfare Trust Fund under a Trust Agreement for the sole purpose of providing benefits to eligible members, and to pay expenses associated with the administration of the plan. The Board of Trustees is responsible for the overall administration of the plan. The trustees are appointed to the board in accordance with the collective labour agreement and the trust agreement. In their duty as administrator, they must ensure that the Health & Welfare plan and Health & Welfare fund are administered in accordance with the regulations and the terms of the Health & Welfare Plan Document. While the Board of Trustees retains the overall responsibility for the administration of the plan, they may retain administration staff and professional advisors to handle the day to day operations. The administration office is located in the UA Local 740 Building at 48 Sagona Ave, Donovan’s Industrial Park, Mount Pearl.
The benefits offered under the group insurance plan include insured and self insured benefits. Insured benefits are provided through an insurance company that has been contracted by the Board of Trustees. A monthly premium is paid to the insurance company to cover the cost of the benefit provided to covered members and their eligible dependents. Self insured benefits are provided by the Health & Welfare Trust Fund, there is no insurance company involvement. The terms of eligibility and covered benefits are set forth in a plan document. The insured benefits include:

  • Group Life Insurance
  • Group Accidental Death and Dismemberment
  • Group Emergency Out of Province Medical

The self insured benefits include:

  • Group Extended Health Care Benefits
  • Group Vision Care Benefits
  • Group Dental Benefits

More detailed information regarding your health & welfare plan is available in your benefit booklet and personalized benefit statement (PBS), which are available through your Member Online Account: https://mwaonline.manionwilkins.com/