Financial Status of the Trust

Investment of Trust Assets

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

Audited Financial Statements

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

Actuarial Valuation Reports

The Plan’s actuary reviews the Trust’s liabilities – obligations to pay benefits to Beneficiaries – and the Plan’s assets – 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.