Financial Status of the Trust
Investment of Trust Assets
The JCBT 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 JCBT 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 present in the Audited Financial Statements.
Actuarial Valuation Reports
The Plan’s actuary, Convyta, review 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.
A high-level summary of the Trust’s investments, finances and funded status are presented in the Annual Report:
2020 Annual Report
2021 Annual Report
2022 Annual Report
2023 Annual Report
2024 Annual Report
2025 Annual Report