Employee Benefit Funds Administration Ltd

Employee Benefit Funds Administration Ltd.


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Page updated: Aug 02, 2017

 

Notice to Plan Members

 

**********IMPORTANT NOTICE**********

ATTENTION: PENSIONERS AND BENEFICIARIES RECEIVING MONTHLY PENSION BENEFITS

HAVE YOU RETURNED YOUR 2017 DIRECT DEPOSIT AUDIT FORM, IF NOT, YOUR FUTURE PENSION PAYMENTS MAY BE DELAYED

On June 29, 2017 the Fund Office mailed a 2017 Direct Deposit Audit Form to each Pensioner and Beneficiary for completion. The Form was attached to your 2016 Post Pension Statement. The 2017 Direct Deposit Audit Form is a time-dated document due in the Fund Office no later than July 31, 2017.

Your Direct Deposit Audit Form is required by the Pension Plan in order to provide you with an opportunity to forward changes to your address, telephone number, or banking information. This form also allows the Fund Office to obtain your current information required for the mailing of your T4A at year end.

Your Direct Deposit Audit Forms must be completed in full, signed, dated and witnessed by anyone over the age of 18 years of age and is required even if you have no changes. If your Direct Deposit Audit Form does not meet this requirement, it is invalid and a new Form is required.

Article 7.2 of the Rules and Regulations of the Pension Plan confirms that “failure on the part of any Pensioner or claimant to comply with such request promptly, completely and in good faith shall be sufficient grounds to delay the payments to such person”.

Consequently, all Pensioners or Beneficiaries who have not returned their 2017 Direct Deposit Audit Form when required, will have their pension payments suspended for the month of October. The payments will not recommence until the Fund Office receives the Direct Deposit Audit Form, at which time the payment will be set up for electronic payment commencing on the next available deposit date. No manual cheques will be issued and we will not be issuing a second mailing.

Your Direct Deposit Audit Form can be submitted to the Fund Office by email (pension@ebfa.ca), by facsimile (780-465-0808), by mail, or drop them off directly at the Fund Office.

Pensioners and Beneficiaries who commenced a pension on or after January 1, 2017 will not receive a Direct Deposit Audit Form until next year.

If you have any questions regarding the foregoing, please do not hesitate to contact the Fund Office at 780-465-2882.