The purpose of the SUB plan is to supplement the layoff and sickness benefits provided by the Employment Insurance Program.
(Note: Low Rise members and others working under pipeline agreements and certain special shop agreements are not presently participating in the SUB plan).
IMPORTANT NOTICE : Plan benefits are not guaranteed. While the Trustees hope to continue to provide the current level of benefits, the Trustees necessarily reserve the right to amend, suspend or cancel the Plan benefits, and/or to require higher contribution from Plan members should financial, regulatory, industry or any other conditions warrant such actions. If the net assets of the SUB Fund fall below $200,000, all benefit payments will cease. They may be resumed, at the discretion of the Trustees, when the Fund rises to a sufficient amount above $200,000.
Your SUB bank balance is not refundable.