Agreements & Benefits

Agreements & Benefits

Agreements & Benefits

Health & Welfare
The Marine & Shipbuilders Local 506 Health & Welfare Plan was established in May 1967 to provide group life and health benefits for eligible members and their covered dependents.

Pension
The Marine & Shipbuilders Local 506 Pension Plan began on January 1,1975 and is funded under the terms of collective agreements negotiated between the Marine and Shipbuilders Union and various employers in the marine industry. It provides retirement pensions to eligible members working in the bargaining unit of Marine & Shipbuilders Local 506.

The plan is managed by six Trustees appointed by the Union. The Trustees decide what the benefits of the plan will be and under what terms the benefits will be paid, consistent with applicable legislation and the terms of the collective agreement which apply to the plan. The Trustees are:

  • Shawn Sly – Chairman
  • Kevin Bohun
  • Jason Bresatz
  • Sean O’Donnell
  • Toby Charette

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