Home    Site Map    Legal    Search:    



About The Plan
 

Back

The Telecommunication Workers Benefit Trust Fund was established by the Telecommunication Workers Union (TWU) to provide group benefit coverage for TWU members at reasonable cost. The Trust Agreement requires the TWU to appoint a Board of Trustees comprised of TWU members. The Trustees are responsible for all aspects of the administration of the Trust Fund. They must adopt and administer the Benefit Plan (the "TWBP") and they may amend it as and when they consider it necessary to do so. They must set contribution levels from time to time to pay benefits and for the administration of the Fund. Contributions must also be consistent with the requirements, if any, of the current Collective Agreement. The Trustees are responsible for receiving contributions to the Fund and arranging the provision of benefits under the Plan. They may appoint professional advisors, enter into insurance contracts, and appoint an Administrator.

The Plan consists of five PARTS. PARTs A and B&C cover TELUS employees. PART A was wound up in July 2003 and all active Members under PART A were automatically enrolled into PARTs B&C. In 1998, two new PARTs of the Plan were created to provide benefits for Members of the TWU who are not employed by TELUS. TWU Members employed by Rogers (Shaw Communications Inc) CATV Group and Campbell Goodell Traynor became entitled to benefits under the TWBP PARTs D & E, respectively. The funding and the experience of each PART of the Plan are separately accounted for. Campbell Goodell Traynor closed in June 2003 and PART E is in the process of being wound up.

 

  About TWP | Pension Plan | Benefit Plan | LTD | Retirees | Investments | Contact Us | Copyright