GENERAL INFORMATION
WELFARE PLAN
  BENEFIT HIGHLIGHTS
  ELIGIBLE DEPENDENTS
  DESCRIPTION OF BENEFITS
  GENERAL EXCLUSIONS
  COORDINATION OF BENEFITS
  GENERAL INFORMATION
  PAY-DIRECT COVERAGE
  EXTENSION OF MAJOR MEDICAL AND DEATH BENEFITS ON AN EMPLOYEES' DEATH
  EXTENTION OF MAJOR MEDICAL AND DENTAL BEFEFITS IF SICK OR DISABLED
  NO BREAK IN SERVICE ARRANGEMENT
  DESIGNATION OF A BENEFICIARY
  BENEFITS PERTAINING TO PENSIONERS
  TERMINATED FORMER EMPLOYEES
  HOW TO SUBMIT CLAIMS
  TERMINATION OF WELFARE COVERAGE
  FUTURE OF THE PLAN
PENSION PLAN
MEMBER BENEFIT BOOKLET
 

 

WELFARE AND PENSION PLANS

Welfare Plan

BENEFITS PERTAINING TO PENSIONERS

 

(a)       Eligibility of Pensioners for Welfare Plan Benefits After Retirement

To be entitled to Welfare Plan benefits at retirement you must have completed 3 years of Continuous Service within the 10-year period immediately prior to retirement and a total of 20 years participation in the Plan. 

If you do not qualify for Welfare Plan benefits under this provision, and you are retiring from active employment in the Elevator Industry, your Spouse, designated beneficiary or estate will be entitled to a  $10,000 Death Benefit on your death.

(b)       Welfare Plan Benefits After Retirement

Effective October 1, 2016: When a Member retires on or after reaching age 55, have completed 3 years of Continuous Service within 10-year period immediately prior to retirement and have a total of 20 years’ participation in the Plan:

Currently, if his/her monthly pension is less than $2,000 the Member will be required to contribute $95 per month, plus applicable taxes, towards the cost of Major Medical and Dental benefits. If his/her monthly pension is $2,000 or more the Member will be required to contribute $120 (previously $110

(c)       Welfare Plan Benefits on Disability Retirement

Notwithstanding (a) above, if you are in receipt of a Disability Retirement Pension, your coverage for all Welfare Plan benefits, except AD&D benefits, Weekly Indemnity benefits and Long Term Disability benefits, will continue by contributing $ 95 per month, plus applicable taxes. From the date of your disability retirement until age 65, if you die, your nominated beneficiary or Estate will be entitled to a Life Insurance benefit and a Death Benefit of $10,000.   The amount of the Life Insurance benefit depends upon the date on which you became eligible for a Disability Retirement Pension.  If you die after age 65, only the Death Benefit of $10,000 is payable. If you die after the date of your disability retirement, your widow(er) and dependents will be covered for the same Major Medical and Dental Benefits as prior to your death by contributing $ 95 per month, plus applicable taxes.

(d)       Employees Who Retire From Active Employment in the Elevator Industry and Do Not Qualify For Welfare Plan Benefits Under Paragraph (a)

Effective October 1, 2016: If a Member is retiring from active employment in Elevator Industry and is a participating member of the Plan, but does not qualify under paragraph (a) i.e. completed 3 years of continuous service within the 10-year period immediately prior to retirement and a total of 20 years of participation in the Plan, the Member may continue his/her Major Medical and Dental coverages, he/she will be required to contribute:

  • $120 per month, plus applicable taxes, if the monthly pension is less than $2,000
  • $145 (previously $135) per month, plus applicable taxes, if the monthly pension is $2,000 or more.

(e)      Continuation of Welfare Plan Benefits After Retirement

In order to be entitled to receive Welfare Plan benefits, you must maintain your membership in good standing of the applicable Local Union of the International Union of Elevator Constructors.
If you retire from active employment and are no longer within the scope of the Collective Agreements and are in receipt of a pension from the Pension Plan, you will be entitled to receive the Welfare Plan benefits as stipulated in this booklet. However, if you return to employment in the Elevator Industry and work for an Employer who is not bound by one of the Collective Agreements, all Welfare Plan benefits shall immediately cease.

If you are less than 65 years of age and decide to return to employment with any participating Employer or any entity which is related to, or affiliated with that participating Employer, whether in Covered Employment or employment which is not covered under a Collective Agreement within 6 months of the payment of the first instalment of your pension benefit, your retirement will be deemed not to be bona fide, your pension will be cancelled and you will not receive any further pension benefit payments while you remain in such employment.

If you are expelled from a Local Union of the International Union of Elevator Constructors, any entitlement to Welfare Plan benefits shall immediately cease.

 


 

   

READ CAREFULLY, BUT REMEMBER…

This is a general outline of the Plans and its purpose is to explain as briefly and clearly as possible each of the benefits to which you are entitled. The benefits outlined under the Plans are subject to the terms and conditions of the Plan documents and Group Master Policies. If there is any conflict between this outline and the Plan documents and Group Master Policies, the Plan documents and Group Master Policies will apply in all cases. Also remember that no benefits are guaranteed and that the benefits can be changed by the Trustees at any time.

 
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