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Home // FAQ // ➤ Are you going to take the current wage increase to shore up the pension deficit, like before?

➤ Are you going to take the current wage increase to shore up the pension deficit, like before?

  • No. With the move to Sustainable Income Benefits in 2017, the proposed amount in the previous two TA’s is sufficient to keep the plan financially healthy.
  • If projections are met, the plan should be fully funded in 2027.
  • The trustees are bound by federal law to make responsible financial decisions for the fund. Trustees cannot promise to, nor would we want them to, ignore a reallocation of funds if necessary. Keeping the plan properly funded means we keep our promise of a secure retirement to all our members.

Did You Know?

PNWRCC has many women in our crafts and leadership positions.

Margaret Ellings became the first woman initiated into the United Brotherhood of Carpenters in October 1935. The establishment of a women’s committee within the United Brotherhood of Carpenters is one of the most important developments in the union’s recent history. Visit ubcsisters.org

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