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  • PBAS Group | Administration • Actuation • Consulting
    trust was reborn The Duties And Liabilities of Benefit fund Trustees Locations Contacts Welcome Setting Standards of Service for Benefit Plan Sponsors through regional offices in Vancouver Edmonton Calgary Winnipeg Toronto Montreal and St John s Staffed by proud members

    Original URL path: http://www.pbas.ca/ (2016-04-26)
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  • User account | PBAS Group
    Benefit Trusts The single employer trust was reborn The Duties And Liabilities of Benefit fund Trustees Locations Contacts Home Log in Request new password User account Username Enter your PBAS Group username Password Enter the password that accompanies your username

    Original URL path: http://www.pbas.ca/?q=user (2016-04-26)
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  • Marketplace | PBAS Group
    Group The History of Benefit Trusts The single employer trust was reborn The Duties And Liabilities of Benefit fund Trustees Locations Contacts Home Marketplace Our clients come from a vast marketplace of assorted and changing challenges 2011 The PBAS Group

    Original URL path: http://www.pbas.ca/?q=industry (2016-04-26)
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  • Services | PBAS Group
    component parts so unlike Administration and Consulting the Disability Management Service comes as an indivisible package Administration Services Develop and arrange policies governing administration management Establish and maintain plan members records Receive record and account for contributions Establish and maintain employers records Pursue delinquent contributions Reallocate contributions to banks other trusts and separately operated plans Transfer assets to investment managers Monitor and report investment transactions and results Calculate and pay insurance premiums Adjust hour bank dollar bank credits and otherwise update plan members records Receive and validate benefit claims and pension requests Process and pay or reallocate for payment benefit claims and pension requests Arrange meetings with plan sponsors and record and distribute minutes transcripts from such meetings Prepare distribute and explain interim financial reports for plans and trusts Prepare working papers for annual audits Prepare data for actuarial costings and valuations for the Consultant s reports and for such other purposes as the plan sponsor may decide The systems that support the foregoing services are offered on lease to plan sponsors who choose to perform their own administration or to other organizations that perform some or all of those services for clients Consulting Services Determine coverage requirements and sponsors spending limits Formulate plan design s Anticipate coverage benefit and other operating expenses Propose benefit delivery arrangements Draft and circulate requests for proposal quotation Receive analyse and report on proposals and quotations Determine reserve requirements and related accumulation patterns and establish ownership controls Negotiate underwriting arrangements agreements Analyse experience results negotiate renewal positions Draft operational documentation such as plan texts coverage descriptions trust agreements delinquency control programs participation agreements merger agreements governance programs third party service agreements etc Effect plan trust mergers Establish monitor assess banking services Budget plan trust operations and monitor results Perform actuarial valuations costings other projections

    Original URL path: http://www.pbas.ca/?q=services (2016-04-26)
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  • History Index | PBAS Group
    in 1986 Collectively they offer administration actuarial and other benefits related consulting services to plan sponsors across Canada The PBAS Group now operates from seven regional locations populated by about 160 staff members Read more The History of Benefit Trusts History Index The custom of sheltering benefit programs in inter vivos trusts is almost fifty years old It has developed from inauspicious beginnings as a compromise solution for a nagging political problem to an innovative process espoused by organized labour and enlightened management That evolution is chronicled below to bring into focus the present popularity of trusteed benefit plans Read more The single employer trust was reborn History Index Rather amazingly the 1990 s the last decade of this fifty year odyssey finds governments the original instigators of the trusteed benefit concept moving their employee benefit programs to trusteeships Even they governments have been sufficiently affected by the complexities of their making to choose a now popular solution the inter vivos trust Read more The Duties And Liabilities of Benefit fund Trustees History Index The Duties And Liabilities Of Benefit fund Trustees have evolved from old English Common Law in concert with the protective trusts they govern Generally stated trustees

    Original URL path: http://www.pbas.ca/?q=taxonomy/term/8 (2016-04-26)
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  • Development Of The PBAS Group | PBAS Group
    largest among all of the private sector retirement programs in Canada Special because hundreds of employers were involved from every corner of the country And particularly special because the pension plan was answerable to every provincial regulator On that particular September day however the mission of those two founders was simply to christen their new firm Long schooled in analysis and problem solving the founders followed their basic instincts Their answer to the how will we serve clients question was help them make sound decisions And for the quality of those decisions they borrowed the carpenter s gauge of lasting value the benchmark The consulting firm was named Benchmark Decisions Ltd or Benchmark for short The administrative facility was developed within weeks Called Prudent Benefits Administration Services Inc PBAS it was supported by the best IT systems procedural guidelines and trained staff then conceivable Although its one client had over 80 000 active plan members the operating capacities of PBAS exceeded its production demands by a wide margin Consequently it was agreed that other users had to be found Benchmark and the eventual sales arm of PBAS went after the market They added users for both of their services administration

    Original URL path: http://www.pbas.ca/?q=development-of-the-pbas-group (2016-04-26)
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  • The History of Benefit Trusts | PBAS Group
    saw in the Taft Hartley Act an opportunity to develop work related fringe benefits for their members Due to the transient nature of their work those tradesmen had no consistent employer employee relationship from which to garner such programs The inter vivos trust afforded that source Monetary contributions were negotiated for delivery to benefit trusts They were computed on the hours worked by specific tradesmen regardless of the number of employers for whom each tradesman worked hence the name multi employer trust These trusts governed by boards of trustees became plan sponsors and the rules of eligibility and ongoing participation were tied to the accumulated contributions recorded for each worker The trusteed benefit fund or the multi employer trust was born It spread quickly throughout the construction industry in the United States In the early 50 s the multi employer trust fund operated under the aegis of the inter vivos trust became a major bargaining issue within the Canadian construction industry During the next decade it appeared in all parts of Canada engulfing the development of benefit plans based on life and health insurance disability income pensions supplementary unemployment benefits vacation and statutory holiday pay training travel expense and scholarship programs By the mid 60 s the construction tradesmen in this country had better fringe benefits than almost any other identifiable group Inevitably the construction industry s success with the establishment and maintenance of excellent benefit programs captured the attention of other groups Looking beyond the original impetus for those programs the transience of work observers found some very positive results and a few desirable possibilities Economy of scale that traditional enhancer of purchasing power begot positive results More benefits were bought for less Internal reserves were accumulated against future contingencies Administrative efficiency generated unexpected savings that were reinvested in

    Original URL path: http://www.pbas.ca/?q=history (2016-04-26)
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  • The single-employer trust was reborn | PBAS Group
    governments the original instigators of the trusteed benefit concept moving their employee benefit programs to trusteeships Even they governments have been sufficiently affected by the complexities of their making to choose a now popular solution the inter vivos trust Much can be said about the philosophical motivations that have driven the development of benefit trusts over the past half century But those motivations are as varied as the participants in the process and likely of little consequence to the bystander contemplating involvement for the first time What is of consequence to all is economic gain particularly at this tenuous crossroad of financial restraint and heightened public demand Doing more for less is the unavoidable imperative of today When compared with the combined results of several benefit plans operated separately a single benefit trust performing the same operations collectively can guarantee meaningful savings The following reasons apply All purchases enjoy higher discounts Professional fees are minimized Operating fucntions otherwise performed separately for each plan are done once Insurance reserves may be eliminated or may be held and invested within the trust fund Surplus may be manipulated to minimize or eliminate tax Investment returns may be increased through direct placement in a

    Original URL path: http://www.pbas.ca/?q=single-employer-trust (2016-04-26)
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