IntroductionThe International Union of Painters and AlliedTrades and Industry <strong>Pension</strong> <strong>Plan</strong> (<strong>Canada</strong>) wasestablished to provide retirement benefits foremployees covered under Collective BargainingAgreements between employers and the Union.This Booklet outlines how the <strong>Plan</strong> works, how yourpension benefits are calculated and the variousways you can receive your pension benefits. Inaddition to describing the calculation of normalretirement benefits, we’ve also included informationon early retirement, deferred and disability pensions.We recognize that many of our <strong>Plan</strong> participantshave family members who depend on them. That’swhy we’ve included information on the various formsof payment available to retiring members with aspouse and beneficiaries as well as pre-retirementspouse’s death benefit provisions.The <strong>Plan</strong>’s benefit formula has been revised forbenefits earned on and after January 1, 2010. Thisbooklet also includes a summary description of thebenefits earned under this <strong>Plan</strong>, prior to January 1,2010 and prior to January 1, 2000. If further detailsare needed, the Fund Administrator will be happy toprovide them. The Fund Administrator’s address islocated on page 17 of this booklet.The <strong>Plan</strong> is registered with the Financial ServicesCommission of Ontario under the <strong>Pension</strong> BenefitsAct and with the <strong>Canada</strong> Revenue Agency underthe Income Tax Act. The registration number is0587519.The financing of the <strong>Plan</strong> is based on employercontributions made on behalf of employees workingunder the terms of an Agreement. Employees arenot required to make any contributions. The contributionsto the <strong>Plan</strong> are held in a trust fund for thesole purpose of providing benefits to eligible participantsand to pay for administrative expenses.The <strong>Plan</strong> is administered by a Board of Trustees,consisting of Union and Employer representatives,who are responsible for the overall operation of the<strong>Plan</strong>. They serve without compensation. Recordsand benefit payments are processed at the FundOffice, which is managed by a Fund Administratorappointed by the Board of Trustees.The provisions in this booklet apply to those <strong>Plan</strong>participants who have not terminated and receivedor are entitled to a termination, death, disability, orretirement settlement, prior to January 1, 2010.—8—
ParticipationWho Can Participate In The <strong>Plan</strong>?You can participate in this <strong>Plan</strong> if your employer is acontributor to the <strong>Plan</strong> under the terms of a CollectiveBargaining Agreement and you are:1. An employee working under a Collective BargainingAgreement;2. A paid employee or officer of a Local Union orDistrict Council; or3. An employee who is not within a bargaining unitprovided that your class has been accepted forparticipation in the <strong>Plan</strong>.You may also become a participant in the <strong>Plan</strong> ifyou are an employee of a union industry-relatedorganization as defined in the <strong>Plan</strong> and acceptedby the Trustees. You cannot participate in the <strong>Plan</strong>if you are a piece worker who is responsible forpayment of your own benefits.When Do I Become A Participant?If you were a participant in the <strong>Plan</strong> before January1, 2000 and you have not terminated your participation,you remain a participant in this amended <strong>Plan</strong>.If you start working in covered employment afterDecember 31, 1998, you will become a participantin the <strong>Plan</strong> on January 1st or July 1st, whichever isearlier, after you have met one of the followingrequirements:• If you work under a Collective Bargaining Agreementrequiring contributions, or you are a fulltimeemployee as defined in categories (2) or (3)above, you will become a participant after 12consecutive months in which you have at least1,000 hours of covered employment.• If you are a part-time employee whose job iscovered by either category (2) or (3), you willbecome a participant upon the completion of a12-consecutive-month period during which youhave at least 700 hours of service in coveredemployment.Covered employment means employment for whichyour employer is obligated to contribute to the Fundon your behalf. Service for eligibility means eachhour you are paid or entitled to be paid for theperformance or nonperformance of duties, or foreach hour for which back pay is either awarded oragreed to by your contributing employer.Your hours may be with one or more ContributingEmployers. All your hours count even though youmay not have worked for some period of timebetween employers; however, if you are employedin British Columbia and you do not meet either oneof the above requirements, you can become a participantfollowing two consecutive calendar yearsin each of which you have at least 350 hours ofservice in covered employment with one or moreemployers, and earnings not less than 35% of theYMPE in each of the 2 consecutive calendar years.Example:John, a full-time employee who started workingunder a Collective Bargaining Agreement inFebruary 2010, earned:• 892 hours of service in covered employmentfrom February to December of 2010, and• 120 hours of service in covered employment inJanuary 2011.Since he completed at least 1,000 hours of serviceover twelve consecutive months, John becomes aparticipant in the <strong>Plan</strong> on July 1, 2011.Example:Steve, who was hired at the beginning of September2009 as a part-time employee of a Local Union,earned:• 203 hours of service in covered employmentfrom September to December of 2009, and• 560 hours of service in covered employmentfrom January to August 2010.Since he has completed at least 700 hours of serviceover twelve consecutive months Steve becomesa participant in the <strong>Plan</strong> on January 1, 2011.—9—