Health & Welfare Plan
The Marine & Shipbuilders Local 506 Health & Welfare Plan was established in May 1967 to provide group life and health benefits for eligible members and their covered dependents. It is funded under the terms of collective agreements negotiated between the Marine and Shipbuilders Union and various employers in the marine industry.
Pension Plan
The Marine & Shipbuilders Local 506 Pension Plan began on January 1, 1975, and is funded under the terms of collective agreements negotiated between the Marine and Shipbuilders Union and various employers in the marine industry. It provides retirement pensions to eligible members working in the bargaining unit of Marine & Shipbuilders Local 506.