BAC Journal > Get Updated on Recent Fund Developments with the 2016 Annual Report

Get Updated on Recent Fund Developments with the 2016 Annual Report

2017 Issue 4
International Funds

The 2016 International Pension Fund (IPF) and International Health Fund (IHF) Annual Report focuses on the retirement, financial, and health needs of BAC members in the United States and Canada and how the International Funds are working with Local Unions to meet those needs. The Report reviews IPF Plan changes and charts the progress of the Plan’s Funding Improvement Plan, the ensuing Rehabilitation Plan, and how these measures are stabilizing IPF’s ability to meet its obligations to participants. The Report also reviews the performance and growth of the BACSAVE Retirement Savings Plan, including its outstanding 2016 return of 7.25%. As always, the Report features a selection of commonly asked questions and provides answers to help participants understand IPF benefits, benefit options, and application procedures.

Member Portal Expanding Content, Gaining Users

Join the increasing numbers of Union members turning to the BAC Member Portal. Report changes in contact information, beneficiary designations, upload forms, and even pay dues to Locals and ADCs that have opted for that capability. Members can review their IPF and BAC SAVE RSP Annual Statements, and review work opportunities posted to the BAC Job Network. BAC SAVE RSP participants can now view their account balances and apply for benefits through the Portal. Participants can also access this information on tablets or smartphones with BACMobile apps for both Android and iOS users.

Both the IPF and IHF Boards of Trustees encourage you to read the Annual Report and carefully review the benefits available under these plans with your families.

For questions regarding the International Pension Fund or the BAC SAVE Retirement Savings Plan, contact:

David F. Stupar
Executive Director
International Pension Fund 

For questions regarding programs available through the International Health Fund, contact:

Robin Donovick
Executive Director
International Health Fund