Click-to-explore contest

The Trustees of IBEW Local 353 Trust Funds are committed to giving members easier access to information about their pension and benefits. An important part of this commitment is the newly redesigned TEIBAS website. Clicking through the site will help familiarize you with this useful resource. We’ve also placed four symbols like this throughout the site. Send us an email correctly identifying the pages and put "Click-to-explore" on the subject line for your chance to win one of five $10 Tim Hortons gift cards. Be sure to include your name because this contest is exclusive to members of IBEW Local 353. Contest ends July 31, 2009.

These are extraordinary times

Canadian pension plans suffered their worst year on record in 2008. In this most challenging global economic climate, our IBEW Local 353 pension plan produced an annual rate
of return of -17.1%, consistent with the performance of similar plans.

The Board of Trustees kept careful watch as the economic storm gathered, but the depth and speed of the downturn has been surprising. On a market value basis, plan assets fell while liabilities grew. As a result, the shortfall increased to $91 million from $30 million the previous year.

To learn more, read the March 2009 issue of the newsletter. Click here

Keep us informed

If TEIBAS doesn't have your current address, your claims may be delayed or denied. Call 416-637-6789 or 1-800-267-0602.

Highlights from spring meetings

Benefit contributions will increase 45¢ to $3.60 per hour to provide an inflation adjustment, to carry out-of-work members and to fund the Member Assistance Program and Best Doctors services.

1.75% pension factor, effective Jan. 1, 2009.

Pension contributions for ICI, line workers and high-rise residential members will increase to $6.22 per hour, effective May 1, 2009. Of this amount, $5.36 will earn pension benefits and $0.86 will help pay the shortfall.

Pension contributions for low-rise members will increase to $5.82 per hour, effective May 1, 2009. Of this amount, $4.96 will earn pension benefits and $0.86 will help pay the shortfall.

To learn more, read the May 2009 issue of the newsletter. Click here

E-mail sign-up

Be the first to get the latest about your pension and benefit plans.
First Name		Last Name
Email
TEIBAS PIN

Latest News

TEIBAS WILL BE CLOSED JULY 9

We're working to provide members with even better service.

[+] Read Full Article

WATCH FOR YOUR KIT IN THE MAIL

(June 22, 2009) Watch for your copy of the member information kit in the mail, this week and next.

[+] Read Full Article

BE INFORMED WITH EMAIL ALERTS

(June 2009) Be among the first to get the latest. Register for the TEIBAS e-mail alerts.

[+] Read Full Article

...