Posted on November 29, 2023
It was a monumental day at Local 955, where we celebrated with around 100 retirees, their families, members and others, the delivery of the $1-billionth dollar from the OE 955 Pension Trust Fund. Yes, ONE BILLION! The recipient, long-time member, Oliver Lepps, who has been a key figure in our proud local for many decades.
“Our pension trust fund would not be where it is today without those who came before us. To members who took the crucial step of starting our plan a half century ago, we can’t thank you enough. The number of members and their families this pension has supported after a lifetime of hard work is immense and is another big reason IUOE Local 955 remains one of the largest, strongest, and proudest unions in western Canada,” said Chris Flett, Business Manager, IUOE Local 955.
“I can’t think of a better way to close out the 50th anniversary of the pension trust fund than giving out the billionth dollar. It truly has been an incredible year for both our local, and our pension trust.”
In September, Business Manager, Chris Flett also announced a 5% pension increase for members in good standing, retroactive to Jan. 1, 2023.