With every hour worked, you are earning benefits, which are funded by your collectively bargained employer. Understanding the benefits available is crucial in making them work for you. Please take the time to familiarize yourself with the three plans to which you are a participant in, by reading their respective Summary Plan Descriptions; the BAC Local 8 NY Pension Plan, the BAC Local 8 NY Welfare Plan, and the BAC Local 3 NY IARF.
WELFARE
The BAC Local 8 NY Welfare Plan is a multi-employer health plan, established to provide BAC Local 3 NY Ithaca Chapter members with specified benefits through insurance such as; Medical, surgical, hospital care, dental, or vision benefits. The Trust Fund was established in September of 1960, and is maintained and administered by a joint Board of equally represented Union and Employer Trustees.
PENSION
The Bricklayers Local 8 NY Pension Plan is a multi-employer Defined Benefit, Pension Plan which provides retirement benefits to the BAC Local 3 NY Ithaca Chapter members employed under collective bargaining agreements between the Union and Participating Employers. The Plan was formed in May of 1970, and is maintained and administered by a joint Board of equally represented Union and Employer Trustees.
Annuity
The BAC Local 3 NY Individual Account Retirement Plan (the “Plan”) is a multiemployer, defined contribution, profit sharing Plan which provides retirement benefits to members of Bricklayers and Allied Craftworkers Local 3 New York employed under collective bargaining agreements between the Union and Participating Employers.
