About MyCIBP

Welcome to The Construction Industry’s Benefit Plan!

The Construction Industry’s Benefit Plan (CIBP) is a premier benefit plan for the construction industry in British Columbia features three plan options: the Standard Plan, a complete and comprehensive benefits program; and the Enhanced Plan, which builds on the Standard Plan by offering some higher levels of coverage; and the new Platinum Plan, which further increases coverage in a number of areas.

Unlike traditional insurance plans, the Construction Industry’s Benefit Plan (CIBP) uses a simple cost model that is easy to understand and meets our customers’ needs.

CIBP is simple to administer and saves companies both administration time and money. It’s comprehensive coverage at a low cost.

CIBP Features
  • Dental care
  • Vision care
  • Life and dependent life insurance
  • Accidental death & dismemberment
  • Long term disability insurance
  • Extended health care
  • Emergency Travel Assistance
  • Employee Assistance Program

The Construction Industry’s Benefit Plan (CIBP) is the gold standard for benefit plans in the construction industry. Our “Hour Bank” plan has been around for decades and has continually evolved to serve construction employers and their workers.

So, what is an Hour Bank anyway? And why do both employers and workers love it?

Construction isn’t always a linear business, and an Hour Bank allows workers to bank time during busy periods. If they work more than 150 hours in a month, they bank the extra hours towards a month when they fall short.

Sometimes there are gaps between projects – a few days, weeks or even months where a worker is waiting to move on to build the next thing. An Hour Bank helps keep that worker covered during those off-times – with no extra administrative burden on the employer. Here’s how:

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In July, Chris works 175 hours for a company. CIBP counts 150 of those hours toward qualifying for that month’s benefits, and “banks” the other 25 for a future month.

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In August, Chris works 195 hours. CIBP counts 150 of those hours toward that month’s benefits, and “banks” the other 45 for a future month. Added to the 25 she “banked” in July, she now has 70 in her “bank”.

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In September, Chris’ project wraps early, and she only works 80 hours. Instead of losing her benefits, she draws down her “bank” of 70 extra hours, hits the 150-hour threshold, and stays in benefit.

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In October, Chris works 180 hours, “banking” 30 and starting to rebuild her cushion.

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Employees can “bank” a maximum of 900 hours, and every 150 hours equals one month of benefits.