The trustees of the IWA–Forest Industry Pension Plan and the IWA–Forest Industry LTD Plan are pleased to announce the appointment of Mark Guiton as Chief Executive Officer. Mark has been with the Plan Office as General Counsel since 2017, bringing in-depth knowledge about both the pension and LTD plans to his role as CEO. The trustees of both boards look forward to supporting and working with Mark as we move into this next phase for the Plan Office.
We also welcome Brandon Wiebe to his new position as General Counsel. Brandon’s experience as Legal Counsel at the Plan Office, gained over the last two years, will be invaluable during this transition.
We would like to extend our gratitude to outgoing CEO Derrick Johnstone for the significant contributions he made to the operation and progression of the Plan Office over the past nine years. He will be missed, and we wish him all the best in his new role.
Certificates of existence will soon be arriving by mail for a small group of pensioners. The Plan Office has a legal duty to verify whether a member is living and that their pension benefit is being paid to the correct individual. This process is designed to prevent fraud and error so that every payout goes to the correct recipient. It is important that the Plan Office be notified promptly of the death of any member to avoid having to recover overpayments, and intended estate representatives should be advised of this.
Every July, certificate of existence forms are mailed out. Not all members will receive this form as we have a large number of pensioners. A smaller group of pensioners and beneficiaries is selected each year. We also use these forms to update and confirm the information we have on file. If you receive a form, please complete and return it as soon as possible. If the form is not completed, we must withhold pension payments until it is received.
To all pensioners:
Your 2021 annual pension benefit statement will be coming in the mail in May. It contains details about your monthly pension, your pension option and any beneficiary coverage you may have. Please read carefully and verify that all your information is accurate and up to date.
To all active and deferred members:
Your 2021 annual pension statement will be coming in the mail in June. It contains details of your pension as of December 31, 2021, as well as your current beneficiary on file. Please review carefully and notify us if there are any errors or changes required. The longer errors go unnoticed, the more difficult they are to correct, and you don't want to risk not receiving credit for hours owed.
Included with all statements is a copy of the Spring/Summer 2022 After Work newsletter. The newsletter contains important information about your pension and LTD plans, retirement webinars, in-person meetings, returning to work when retired and more.
You’re never too young to take steps in planning for your future. So, whether your retirement is coming up soon or is decades away, join us to learn about your pension plan options. This helpful 45-minute information session will cover a variety of topics, such as:
Date: Tues, July 5, 2022
Time: Noon (Pacific Time)
Register today to reserve your spot:
If you are unable to attend, sign up anyway as we will send a link of the recording to everyone who registered. All you need to attend the webinar is a device such as a computer, table or smartphone with internet access and sound.
We're looking forward to connecting with members again! On Sept 6 - 9, we will be heading to Vancouver Island to meet with you in person. This is a great opportunity to talk to a pension specialist to find answers to your pension plan questions. Please register to reserve your spot for the following locations:
Nanaimo: Tue, Sept 6 to Wed, Sept 7 Register here
Port Alberni: Thu, Sept 8 to Fri, Sept 9 Register here
These time-slots book up quickly, so be sure to RSVP right away. We do not accept drop-in appointments, but there will be a cancellation list. See you there!
Break in service packages will be mailed out by March 25, 2022. These packages are for members who broke service as of December 31, 2021. You will have broken service and become a deferred member if you worked less than 350 covered hours in two consecutive calendar years.
The documents in this package are time-sensitive, so please be sure to review the contents at your earliest opportunity. Please contact us if you have moved, so we can forward your package to you.
Please watch this short video which explains your break in service options.
We are pleased to welcome members back to our office for in-person visits starting April 4, 2022. Please be sure to book an appointment so someone from our team is available to meet with you.
As the health and safety of our members and staff is a top priority, we will be following guidelines recommended by the BC Ministry of Health. Should you feel unwell or if you have any COVID-19 symptoms, please reschedule your appointment. Please note that visitors are required to wear a mask at all times.
To book your appointment, or if you have any questions please contact us at 604.433.6310.
We will continue to update this message should any of the recommendations change. Thank you for your patience, and we look forward to seeing you.
We will begin mailing T4A slips to our pensioners and LTD recipients the week of February 14th. The mailing of all T4A slips will be completed by no later than Feb 28th. Please contact the Plan Office if you have not received your T4A by March 5.
In these extraordinary times, the safety of Plan Office staff and the protection of members and their plans are of utmost concern. Following the BC Ministry of Health’s recommended precautions, our Burnaby office is currently limited to essential services only. We are doing our best to minimize service disruptions, and we will continue to update this space should any of the following change in this rapidly evolving environment.
Members receiving payment from the pension or LTD plan
Members undergoing rehabilitation
Communication with the Plan Office
Thank you for your patience and understanding as we all navigate this difficult time together. Stay safe.
Members receiving a pension or LTD benefit by cheque:
Canada Post has issued a delivery service alert for BC and you may experience a delay in receiving your cheque. Postal delivery to Merritt is suspended and delivery to other parts of BC may be delayed due to adverse weather conditions.
If you receive your pension or LTD benefit by cheque, please contact the Plan Office to switch to EFT or complete and fax a direct deposit form. You can find the forms here.