The BERT Fund has the full support of the major employer associations and employee unions operating in the building and construction industry. The benefits paid from the Fund help provide members and their families with financial assistance in the event of ceasing employment because of redundancy or relief from financial burdens.
The benefits result from the investment of contributions paid by the employers and the interest earned from the investments of the BERT Fund is used to provide training grants for the industry, pay the benefits associated with the welfare fund and to meet the costs of administration of the fund.
Since the BERT Fund commenced, it has paid out over $430,000,000 in benefits to 150,000 members to assist workers in their time of need.
, the Fund has contributed in excess of $40 million for industry training and $112 million for union member benefits.
The Fund currently offers the following benefits: