Welcome to TEIBAS’s The Wire. This blog is a one-stop shop for you, our members, whether you want more information on your pension and/or benefit plans, you’re looking to explore retirement planning tools, or want to keep up with TEIBAS — this blog is for you! As members of IBEW Local 353 you are enrolled in the IBEW Local 353 Pension and Benefits Plans. Here at TEIBAS, we administer those plans. We are a small organization with a dedicated and caring team that strives for excellence in delivering the best member experience possible.
Mark Your Calendars for Pension Awareness Day!
Take out your pens and circle Thursday, February 20th on your calendar for Ontario’s Pension Awareness Day! Here at TEIBAS we always say it’s never too early to plan for retirement. Understanding your pension plan is key to having a…
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Managing Your Money & Debt
Managing your money isn’t just about investing or saving for retirement — it’s so much more than that. Whether you’re saving for a car, a house down payment, or planning to pay off your debt, managing your money is thinking…
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End of Year Checklist
As the year draws to a close, it’s a natural time to reflect on 2024 and plan for 2025. The end of the year provides on opportunity to review your goals and set new ones for the new year. The…
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Diabetes Awareness Month
November is Diabetes Awareness Month. According to the Statistics Canada, nearly 1 in 10 Canadians aged 20 years and older has been diagnosed with diabetes. Diabetes is a disease in which your body either can’t produce insulin or can’t properly…
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The Three Pillars of Retirement
Here at TEIBAS we say it’s never too early to start thinking about retirement planning. Did you know? Canadian retirement income savings and planning consists of three main streams, also known as the “three pillars of retirement.” The three pillars…
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Motor Vehicle Accidents – Make Sure You’re Sufficiently Covered
When it comes time to renew your car insurance, you may be looking for ways to save money on your insurance premiums. Before making any changes to your insurance, make sure you understand what your IBEW Local 353 benefit plan…
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Reminder: Prescription Drugs changes become effective September 1st
Effective September 1, 2024, the IBEW Local 353 Benefit Plan is introducing a standard generic drug program which was voted on at the Union’s April 7th Special Called Meeting. Most provincial and private drug plans have already made the transition…
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What You Need to Know About Orthotics Under the IBEW Local 353 Benefit Plan
Custom made orthopedic shoes or orthotics are covered by the IBEW Local 353 Benefit Plan to a combined maximum of $500 in any 12-month period, including: Click here for the orthotic claim submission guidelines. Remember: an estimate or pre-approval should…
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Benefits At A Glance
It’s that time of the year again. The results of the Special Called Meeting are now posted on myteibas.com. For a quick glance at your benefits and what will be in effect May 1, 2024, check out your Benefits at…
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What is Critical Illness Insurance?
Critical Illness insurance is a type of insurance coverage that provides for a fixed payment if you are diagnosed for illnesses covered by the IBEW Local 353 Critical Illness insurance policy. Critical Illnesses are medical emergencies like heart attacks, strokes,…
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