Local Unions Approve Proposed Changes
According to the Fund’s bylaws, two separate votes must take place to approve the proposed changes.
The first vote involved participating Local Unions. Locals representing two-thirds of the Fund membership must vote to approve the changes.
Over the past month, GCC/IBT Local Unions representing over 74% of Fund participants voted “YES” to support these changes.
The second vote involves active and retired participants. Two-thirds of all voting active and retired participants must approve the changes in a referendum vote. Active and retired participants will receive a referendum packet including a ballot and self-addressed envelope through the mail in late October. Ballots will be due by November 27. Ballots will go to a lock-box, and will be counted by an independent third party.