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➤ Are you going to take the current wage increase to shore up the pension deficit, like before?

  • No. With the move to Sustainable Income Benefits in 2017, the proposed amount in the previous two TA’s is sufficient to keep the plan financially healthy.
  • If projections are met, the plan should be fully funded in 2027.
  • The trustees are bound by federal law to make responsible financial decisions for the fund. Trustees cannot promise to, nor would we want them to, ignore a reallocation of funds if necessary. Keeping the plan properly funded means we keep our promise of a secure retirement to all our members.

Did You Know?

UBC emblem and motto.

The official emblem of the United Brotherhood of Carpenters and Joiners of America was adopted at the Fourth General Convention in Cincinnati, Ohio, August 1884. The motto inscribed therein, “Labor Omnia Vincit,” translated from Latin means “Labor Conquers All Things.” Learn More

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