Our Funding Status
We are happy to report that the January 1, 2019 Valuation shows the Pension Plan is 111.5% fully funded. The Alberta Sheet Metal Workers' Retirement Trust Fund has sufficient assets to meet its future pension obligations to all Plan Members, plus 11.5%.
Effective May 4, 2014 under the Sheet Metal and Sheeters & Deckers Provincial Collective Agreements your Employer remits;
Commerical Rate: $4.50 per hour worked
Industrial Rate: $5.50 per hour worked
(example of "earned " hours; if you work 1 double time hour your Employer pays 2 hours of contribution)
If you work for an Employer with an individual Agreement the rate per hour may differ from the two Provincial Collective Agreement Rates.
All Contributions received are converted into Standard Contribution Rate (SCR). Our current SCR rate is $6.14 per hour. For each SCR hour a member earns 4.14 cents towards his/her monthly earned lifetime pension benefit.
100-8905 51 Avenue NW
Edmonton, AB T6E 5J3
T: 780-466-1999 Fax: 780-466-2095
Toll Free (Alberta Only): 1-800-642-3881
Copyright © 2018 Alberta Sheet Metal Workers' Retirement Trust Fund - All Rights Reserved.
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