News

➤ I got our pension funding notice in the mail in April and it said our pension’s funding status dropped. I’m worried I will not have the benefits I was promised.

  • The plan funding status as of January 2017 was 81.2%.
  • The fund is still absorbing the “smoothing” effects that were adopted to reduce the impact of the 2008 recession on investment returns.
  • The plan funding status lags by one year. We will see the results of the SIB (plan change) start to show in coming years.
  • The plan is currently slated to be 100% funded by 2027.

Did You Know?

Carpenters skills and training go beyond the job site.

The Journeyman Leadership Program is a three day program geared towards developing the strong qualities of members on the job and in their lives – leadership, communication, mentoring and collective action. Members learn where the UBC came from and where its headed, and, importantly, how to lead it. Learn More

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