The Trust is founded on collectively bargained agreements that were established by the Parties (FBA and HEABC) as the basis for the funding, investment and provision of benefits to beneficiaries. The JFBT is established by an Agreement and Declaration of Trust (Trust Agreement) that sets out its terms and conditions.

• Trust Agreement

Trust Funds & Investments

Contributions are received by the Trust and used to pay claims for Extended Health, Dental, AD&D, Group Life and LTD. Contributions also include amounts intended to build reserves for future claims, especially LTD. These reserves are invested through the Health Care Investment Unit Trust or HIUT.

The HIUT is made up of the Joint Facilities Benefits Trust (JFBT), the Joint Health Science Benefits Trust (JHSBT), the Joint Community Benefits Trust (JCBT), and the Healthcare Benefit Trust (HBT). These Trusts are able to set their own investment strategies but are regarded as a single client by the British Columbia Investment Management Corporation (BCI).

The JFBT investment strategy is set out in its Statement of Investment Policies & Procedures (SIPP).