Pension Plan

Overview & Resources

What is your pension plan and how does it work?

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Your pension plan operates as a defined benefit (DB) plan, with the primary objective of providing you with a stable and consistent monthly pension following your retirement, guaranteed for the duration of your life. Additionally, provisions are in place to extend benefits in the unfortunate event of your disability or death.

Here's the breakdown of how it operates: For each $1,000 contributed by your employer on your behalf, you currently earn an additional $14.45 in monthly pension benefits. To illustrate, suppose you've already accumulated $500 in monthly pension. If you maintain a consistent contribution rate of $3.00 per hour over a span of 10 years, working 1,500 hours annually, you would retire at the age of 65 with a monthly pension of $1,150 [$500 + ($3.00 x 85% x 1,500 x 10 / $1,000 x $17) = $1,150]. This pension remains payable throughout your lifetime, regardless of its duration.

All employer contributions to the pension fund, along with investment returns generated by the fund's assets, are allocated to cover administrative expenses and fulfill pension obligations to plan members, their spouses, and designated beneficiaries.

View your pension plan booklet (PDF)

Forms

These forms are for submitting paper claims, or changing your banking information, or updating an address. Please note that changing your banking information will also change the banking information used for you health benefits claims.

You can submit your forms via email or fax, but they must have a wet (ink) signature to be processed. Electronic or digital signatures are not accepted at this time.

Administration Forms

Eligibility

Are you eligible to be part of the Legal Benefit Fund?

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Participation in the pension fund is automatic if you work under a IUPAT Local 177 collective agreement. If you are a member of IUPAT Locals 739 or 1960, your retirement savings are provided through a different arrangement. To become eligible to receive a benefit in the Local 177 Pension Plan, you must work at least 300 hours over any consecutive three-month period. Upon joining the Plan, membership is backdated to January 1^st of the Year, in which the start of the three-month period commenced.

How much do I have to contribute to the plan?

You can find historical information about your contributions to date and the amount of pension you have earned by registering and logging into the member portal.

To request a copy of your annual statement, please contact us.

Member Portal

Update your contact information and banking details, check your eligibility for health benefits coverage, and review your hours reported by contributing employers.

Visit the Member Portal