Posts dated "01/2011"
The following changes in the contribution rates and Plan rules were adopted by the Board of Trustees at a Special Trustees Meeting held on October 28, 2010: Reallocation of contribution rates. As of January 1, 2011, all optical and dental benefits will be eliminated and the death benefit will be reduced from $10,000 to $7,500. Estimated projected savings of approximately $800,000. As of February 1, 2011, all Medicare eligible retirees covered in the Welfare Fund will be moved to a Medicare Part D Plan with an independent Pharmacy Benefit Manager.Read More
The Trustees remain committed to improving and preserving the long-term financial stability of the Welfare Fund so we can continue to offer valuable medical and prescription drug benefits to active members.Read More