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Ironworkers Local 721
(Rodmen) Pension Plan
Background on your Pension Plan
The Plan was set up on
May 1, 1966 to provide retirement benefits for members represented by the
International Association of Bridge, Structural, Ornamental and Reinforcing
Ironworkers, Local Union 721 (Rodmen's Section) (the "Union").
The Plan is managed by a joint Board of Trustees where Union
and Employers are equally represented. The Trustees are responsible for the
overall operation of the plan. They serve without compensation.
The benefits and the
operating expenses of the Plan are paid entirely by employer contributions
and investment income. You do not make any contributions to the Plan and
you do not bear the risk of investments. Employer contributions are
deposited in a trust fund held by a trust company. The Trustees have hired
professional investment managers to invest the Plan's assets.
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Union
Trustees
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Employer
Trustees
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L. Barros
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A. Dover
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M. Dix
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L. Gravelle
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D. Mahoney
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S.
Costa
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Plan
Administrator
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Ontario
Ironworkers/Rodmen Benefit Plan Administrators
Corporation
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Michael
Melvin, Managing Director
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Consultant
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The
Segal Company Ltd.
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Auditor
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Darryl
G. Sibley, C.A.
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