In today's world only 15% of Canadians have a Pension Plan. Many people use RSP's to replace pensions however, a large number of people in the construction industry pull out their money to supplement their income.
At Local 424 we believe you should be able to retire with dignity so we use a combination of a Pension Plan and RSP's. This way your Pension is locked in so that you can retire with a sense of dignity and respect, and you have the flexibility of your RSP as well.
WANT TO KNOW WHAT BENEFITS YOUR CONTRACT DELIVERS FOR YOU?
This very brief summary is intended to provide only an overview of the main features of the Health & Welfare Plan. The amounts payable and all your rights under the Health & Welfare Plan are governed by the actual wording of the Rules and Regulations in the Electrical Industry Insurance Benefit Trust Fund of Alberta Health Welfare Plan Handbook. For the most up-to-date information visit www.ebfa.ca.
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