ADMINISTRATION OF THE PLAN
The Union has appointed Trustees to have complete authority in operating the Pension Plan. They are responsible for the design, installation, administration and operating of the Pension Plan, including the receipt and investment of contributions and maintenance of the Pension Fund.
In order to carry out these responsibilities, the Trustees may appoint a trust company or insurance company to administer the Pension Fund; an actuary to advise on the design and operation of the Pension Plan; an administrator to accept and record all information on contributions and hours and maintain clerical records pertaining to each member; and such other professionals as legal advisors, auditors and investment counsellors (currently Greystone Managed Investments Inc.) whose services may be required. The Trustees may amend the Plan's terms in order to meet changing conditions, appoint new advisors and change fiduciaries as circumstances dictate.
All contributions will be paid into the Fund and all benefits under the Plan and all expenses of operating the Plan will be paid from the Pension Fund. The Pension Fund is held and administered by a trust company.
The benefits and their financing may be altered from time to time to ensure that the Plan remains in a financially healthy position. Members will be advised of all changes when they occur.
Prairie Teamsters Administration Services Ltd.
209, 7260 - 12 St SE Calgary, Alberta T2H 2S5
Telephone 403-252-6924 - Toll Free1-877-817-7526 - Fax 403-253-3231