North Vancouver

Financial Status of the Trust

Investment of Trust Assets

The JFBT receives contributions from employers and some plan members.  These contributions are used to pay benefits costs and to build reserves for future LTD claim costs.  Reserves are invested with BCI through the HIUT.  The JFBT asset allocation is set out in the Statement of Investment Policies & Procedures.

Audited Financial Statements

Contributions received, investment returns earned, money paid out for benefits, and the costs of running the Trust are presented in the Audited Financial Statements.


The Plan’s actuary reviews the Trust’s liabilities (i.e. obligations to pay benefits to beneficiaries) and the Plan’s assets (i.e. contributions received and investment returns received) to determine the Trust’s funded status.  The Actuarial Valuation Report presents this information.