Trust Governance
The Trust is founded on collectively bargained agreements that were established by the Parties (CBA and HEABC) as the basis for the funding, investment and provision of benefits to beneficiaries. The JCBT is established by a Trust Agreement that sets out its terms and conditions.
Trust Funds & Investments
Contributions are received by the Trust and used to pay claims for Extended Health, Dental, and AD&D, Group Life and LTD. Contributions also include amounts intended to build reserves for future claims, especially LTD. These reserves are invested through the Healthcare Investment Unit Trust (HIUT).
The HIUT is made up of the Joint Facilities Benefits Trust (JFBT), the Joint Health Science Benefits Trust (JHSBT), the Joint Community Benefits Trust (JCBT), and the Healthcare Benefits Trust (HBT). These Trusts are able to set their own investment strategies but are regarded as a single client by the British Columbia Investment Management Corporation (BCi).
The JCBT investment strategy is set out in its Statement of Investment Policies & Procedures (SIPP).