Like most of the large IATSE locals benefit plans, your plan is run by a trust. The IATSE Local 873 Health & Welfare Trust was created in November 2011, following approval by union members. The Trust is responsible for overseeing all operations of the plan, including investment of the plan’s assets and operates at arm’s length from IATSE Local 873.
The Trust is governed by a five-member Board of Trustees. The current Board is made up of the Local 873 President, the Local 873 Treasurer, and three other trustees who are not members of the Local’s executive board (referred to as trustees-at-large).
The Board of Trustees are:
Angela Mastronardi ( President IATSE Local 873 )
Lisa Pacitto-Russo ( Treasurer IATSE Local 873 )
Joe Fraser ( Chair at Large -2020-2026)
Shelia Pruden ( Vice-Chair at Large -2020-2026)
David Charles ( Trustee at Large- 2020-2026 )
3rd Party Plan administrator
J&D Benefits Inc.
Board advisors
Auditor – MNP – LLP
Legal – Koskie Minsky LLP
Benefits Consultant – Human Capital Benefits
Actuary – Eckler Ltd.
It’s important to note that trustees have a legal duty to act in the best interest of plan members – not the union or any other group. To help ensure the plan is properly managed, the Board of Trustees hires the services of various experts, including an auditor, lawyer, benefits consultant, and investment consultants. It also delegates part of the plan’s administration to J&D Benefits Inc.
Certain benefits offered under the plan – such as health, dental and short-term disability benefits – are self-insured by the Trust. This means claims are reimbursed directly from the assets of the Trust. Other benefits – such as life insurance – are insured with Great-West Life. Together, these insured and self-insured benefits provide members with a comprehensive benefits package.
Your benefit plan has been designed to provide members of Local 873 with affordable and sustainable benefit coverage. To make the most of your benefits, you will need to understand how they work. Please review your Member Benefits here.