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Benefits Schedule |
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The following is an outline of Local 97 Ironworkers Health
& Welfare Plan Benefits. They are always subject
to review by the Board of Trustees and can and will be
changed when it is deemed necessary by the Trustees
in order to protect the future viability of the Plan.
Both British Columbia and Alberta have passed
legislation affecting the use of self-insured funding for
providing benefit plans. In each case, the legislation
allows for the use of self-insured funding, subject to
disclosing this information to the covered Members in
writing.
The Trustees are constantly attempting to provide
benefits under the Plan to the Members in the most
cost-effective manner. For some benefits it is not
always necessary to use the services of an insurance
company. Consequently, some benefits provided
through the Plan are not insured by an insurance
company regulated under the Financial Institutions
Act, and the Plan is exempt from the regulatory
requirements of the Act.
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Group Life Insurance
Coverage Amount: $100,000*
*Note: All
active Members between the ages of 60 and 65 will be covered
for $100,000 of Life Insurance. Members between the ages of 60
and 65, who are not active but are covered for benefits, will
continue to be covered for $50,000 of Life Insurance. Upon
attaining age 65, all Members' Life Insurance reduces to
$10,000 and upon attaining age 70, the Life Insurance further
reduces to $5,000.
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Accidental Death & Dismemberment
Coverage Amount: $12,500
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Weekly Indemnity (per week)
Coverage Amount: $468
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Long Term Disability (per month)
Coverage Amount: $1,000
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Extended Health Care
Coverage Amount: as described in Extended
Health Care
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Dental Care
Coverage Amount: as described in Dental
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Vision Care
Coverage Amount: as described in Vision
Care
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Basic Medical Plan
Coverage Amount: as provided by MSP (Medical Services Plan of
British Columbia)
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Employee/Family Assistance Program
Coverage Amount: as described in Employee/Family
Assistance Program
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