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➤ 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?

UBC started on job sites across the country.

Our founding president, Peter J. McGuire worked tirelessly on the job sites across the country with his fellow Carpenters to organize the union. In 1881, he organized a Chicago convention to form a union. Representatives from 11 cities joined him and they produced a constitution and structure. Learn More

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