THIS IRREVOCABLE TRUST IS ESTABLISHED FOR THE PURPOSE OF HOLDING ASSETS IN TRUST IN ACCORDANCE WITH SECTION 403 OF ERISA PENDING THE PAYMENT OF SEMCO MICHIGAN UNION RETIREE MEDICAL BENEFITS. NO PORTION OF THE TRUST FUND MAY BE USED OTHER THAN IN THE SOLE AND EXCLUSIVE INTEREST OF PARTICIPANTS WHOSE ELIGIBILITY TO PARTICIPATE RESULTS FROM EMPLOYMENT AS A SEMCO MICHIGAN UNION EMPLOYEE. THE IMMEDIATELY PRECEDING SENTENCE SHALL NOT BE CONSTRUED TO LIMIT THE TRUSTEES ABILITY TO PAY TAXES AND ADMINISTRATIVE EXPENSES FROM THE TRUST FUND.
Executive compensation
Form 990 · Schedule J · 7 reported individuals · Filing year 2024
| Position | Total |
|---|---|
VP Controller vice president | $14k $15k |
President Us Utilities Director | $14k $15k |
VP CFO Treasurer Dir | $14k $15k |
VP Admin Services Utilities vice president | $14k $15k |
VP Business Services Semco vice president | $14k $15k |
President Us Utilities Director | $14k $15k |
Institutional Trustee board member | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Up 5%
from 2023
From $13k in 2023 to $14k in 2024.
Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
SEMCO ENERGY INC UNION VEBA TRUST reported revenue and expenses across 2 filing years.
What Mutual & Membership Benefit executives earn
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These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).
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