The Transit Employees’ Health and Benefit Trust (“Trust”) is a Health and Welfare Trust, created with authority to:
On behalf of the members of the Plan and in accordance with the provisions of the collective agreements.
The original Trust agreement is dated 7 February 1984.
The Trust is used to deliver group benefits on a cost effective basis to union and exempt employees of the following participating employers:
The Trust is governed by a joint board of trustees comprised of union and management representatives (“The Board”), and pursuant to Canada Revenue Agency (“CRA”) policy, enjoys tax preferences (i.e., it is effectively tax exempt).
The Board consists of 6 Trustees with equal voting power, appointed by:
The Board meets six (6) to eight (8) times per year to:
Local 111 member who sits on the Health and Benefit Trust: