UA Local 740’s benefit plans are complex and diverse plans that require specific skills to administer and manage. The Board of Trustees and the administrator are committed to continuous education in order to effectively govern the plans and manage the day to day operations. Participation in conferences, seminars and other educational opportunities gives the trustees and administrator an opportunity to exchange information with their peers and to gain the knowledge and training needed to carry out their duties and responsibilities. An Education Policy has been implemented and is reviewed annually to ensure compliance.
In addition, the Board of Trustees retain the services of professional advisors to assist them in the administration and management of the plan.