United Brotherhood of Carpenters

Membership Benefits

Schedule of Benefits
Pension Fund

CARPENTERS’ & MILLWRIGHTS HEALTH AND WELFARE BENEFIT TRUST FUND OF SASKATCHEWAN

Schedule of Benefits http://www.fasadmin.com

Employees:

Life Insurance 50,000
Accidental Death and Dismemberment 50,000
Dependent Life insurance 5,000 for eligible spouse, 2,000 for eligible children.
Weekly Disability Income: 1st day accident; 1st day hospitalization; 8th day sickness.
$435.00 per week for 52 weeks of disability. Integrated with EI benefits.

Employees and Dependants:

Supplementary Health Expenses

80% for first 850.00 in each calendar year then
100% of claim that exceeds $850.00 in each year; Private
Duty Nursing $10,000 maximum per calendar year;
Outside Canada emergency treatment $1
Million lifetime maximum;
Emergency Travel Assistance (ETA)
Semi-private hospital room accommodation;
Hearing Aids $500 every 3 years; Paramedical
Practitioners $300 per year per practitioner

Vision Care

One set of glasses or contact lenses, $500
Per 24 months (12 months under age 18)
Safety glasses for member $200 every
12 months.
50% reimbursement of laser eye surgery
expenses; lifetime maximum of $1,500.

Member and Family Assistance:

Program Counseling Services for a wide range of issues, including:

· Alcohol and drug misuse
· Bereavement
· Childcare issues
· Couple and marital relationships
· Crisis counseling
· Depression
· Eldercare concerns
· Family matters/parenting concerns
· Financial concerns
· Health information
· Legal issues
· Stress and anxiety
· Trauma/critical incidents
· Work-related and career issues
· Other concerns

For more information on theses services please go to
www.fgiworldmembers.com

You will need a username and password to enter the site. Please contact the FGI office at 1-800-268-5211 to obtain this information.

Dental Expenses:

100% of eligible Routine and 80% of Eligible Major Restorative expenses based on the 2008 Saskatchewan Dental Association Fee Schedules; $3,000 per calendar year maximum per individual.
50% of orthodontia expenses for dependent children under age 18; lifetime maximum reimbursement of $2,000.

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CARPENTERS’ PENSION FUND OF SASKATCHEWAN

1. Description of Pension Plan

a) General
The Pension Trust Fund provides retirement and other benefits to carpenters in accordance with benefit schedules and eligibility requirements which have been adopted by the trustees. These benefits are expected to be provided from the net assets available and from employer contributions that are expected to be received in the future in accordance with the terms of collective bargaining agreements. The plan is registered under the Saskatchewan Pension Benefits Act registration # 050-753

b) Funding Policy
The Saskatchewan Pension Benefits Act requires that the Carpenter’s Pension Fund of Saskatchewan ensure that the Plan’s benefits are funded by the employers’ contributions.

c) Normal Pension
A Normal Pension is available to a participant, age 65, who has earned one Future Service Credit. The monthly Normal Pension is currently calculated at $50.00 per one thousand hours of future service credit.
Example: A carpenter joined the union in January of 2008 and worked 1800 hours per year for 10 years.
1800 x 10 = 18,000/1000 = 18. ($50.00 x 18) = monthly pension of $900.00 at age 65.

d) Early Retirement Pension
An Early Retirement Pension is available to a participant, age 55 or over, who is vested. The Early Retirement Pension Benefit is the Normal Pension Benefit accrued to date, reduced by one third (1/3) of one percent for each month of age less than age 65.

e) Disability Pension
A Disability Pension is available prior to Normal Pension age for an active participant who is vested. The amount of the Disability Pension is the Normal Pension accrued to date of disability. Participants who become disabled before the age of 55 will receive a disability pension based on the early retirement reduction as if they were age 55.

f) Pre-Retirement Death Benefit
Spouse’s Pension for Participants with More Than Five Years Credit
A pre-retirement death benefit is available to the spouse of an active participant who has at least five years of credit. The benefit is equal to the survivor benefit of the deceased’s 100% Joint and Survivor pension. If the participant is younger than age 55 at his date of death, the pension is calculated as if he was age 55 at date of death. The pension will be paid as a life annuity guaranteed for 60 months.

Pre-Retirement Survivor Pension for Participants with less than Five Years Credit
If a participant dies before he has attained age 55 and has less than five years of credit, the spouse will receive a pension based on 100% of the commuted value of the participants’ accrued pension, converted into pension based on her age. If a participant is age 55 or over at his death, the benefit is calculated as if the participant had retired on his date of death, and had chosen the 100% Joint & Survivor pension. The Pre-Retirement Survivor pension will be paid as a life annuity guaranteed for 60 months.

Death Benefit for participants without a spouse at date of death
If a participant does not have a spouse at date of death, a lump sum benefit is payable to their beneficiary equal to 100% of the commuted value of the participant’s accrued pension.

g) Post-Retirement Death Benefit
If a participant dies while receiving his pension, the benefit payable to his beneficiary will be based on the form of pension the participant chose at retirement. A participant’s beneficiary may be eligible for a monthly pension for the remaining guarantee period, if any, of the pension chosen by the participant at retirement. If a participant chose a Joint & Survivor pension, the survivor benefit will be paid to the spouse named at retirement, if still living. If a participant remarries after retirement, the new spouse will not receive a survivor benefit. The Plan Administrator must be contacted to determine what death benefit, if any, is payable in the event of the death of a pensioner.

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Benefit Plan Administration:
Funds Administrative Services
9th Floor, 9707 – 110 Street
Edmonton, Alberta
T5K 3T4
Telephone: (780) 452-5161
Toll Free: 1-800-770-2998