Health & Wellness and Pension

Pension & Health Benefits

The Operating Engineers Local 955 Health & Wellness Trust Fund maintains a benefit plan to support and protect participating Union members and their families. To be considered eligible for Pension and/or Health & Wellness Benefits a person is required to be a member in Good Standing with the IUOE Local 955. The Plan Administrator and Trust Office staff are available to answer any questions you may have about your benefits.

To view the Health and Wellness Plan Guide in full, please click here.

To view the Pension Plan Guide in full, please click here

On-site Visits

Based from the Edmonton office, Rainer Semler, Health & Wellness and Pension Trust Administrator, periodically spends time in each of the Local 955 offices in Alberta and is always available for in-person consultations with members. You might benefit from a consultation If you have questions about the following type of items:

  • pension estimates
  • pension calculations
  • retiring in the next few months
  • understanding your pension statement
  • retirement consideration and options
  • beneficiary questions
  • health and dental coverage
  • weekly indemnity or disability coverage
  • general health and welfare related questions

In the meantime if you require assistance with any of these items over the phone, please call the Trust Office anytime at 780-483-9550, Toll free in Alberta 1-800-222-6410.  

 

Benefit Plan Coverage

The benefit plan provides benefit plan coverage in the following categories:

Pension

The Operating Engineers Local 955 Pension Trust Fund was established on November 1, 1973 to provide retirement income for participating Union members. The Pension Plan is registered in the Province of Alberta under the Employment Pension Plans Act (EPPA) as a Specified Multi-Employer Pension Plan (SMEPP). The Pension Plan is also registered under the Income Tax Act with the Canada Revenue Agency.

The Pension Plan as of December 31, 2011, provides benefits for 2,275 retirees and has 16,880 participants registered under the plan. The market value of the Pension Plan portfolio as of July 2012 is valued at $860 Million and is invested in a diversified portfolio consisting of: bonds, Canadian stocks, U.S. stocks, international stocks, and real estate.

To visit the Pension page, please click here.

Health Benefits

For detailed information on the group health and benefit plan, please contact us.

Life Insurance

Local 955 members in Good Standing participate in Local 955’s group life insurance that includes a $5,000 Life and $2,500 Accidental Death and Dismemberment benefit. This policy is administered by the Local Union Office and the details can be found by clicking here.

Prime Minister addresses IUOE at the Canadian Conference

Posted on September 5, 2017

Check out this short video from Prime Minister Justin Trudeau.

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