Posts tagged "Plan Change"

SMM on Hearing Aid Benefit Change Effective July 1, 2016

At the June 14th, 2016 Board of Trustees Meeting, the following change, effective July 1, 2016, was approved by the Trustees for the Welfare Fund: The Hearing Aid Benefit has been increased from $1,200.00 per ear to $2,200.00 per ear for Active Members and their eligible dependents. This benefit remains payable once in any 36 month period.

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SMM On Dental and Vision Benefit Change Effective 3/1/2016

The Board of Trustees is pleased to announce that the Fund will provide comprehensive PPO networks for the Fund’s dental and vision benefits. These PPO networks will replace the existing benefits provided through the Fund for active participants and covered dependents, including those participants and dependents covered by Cobra, effective March 1, 2016. Click below for more information and links.

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New Prescription Benefit Manager Benecard for Ironworkers Local 11

Ironworkers Local 11 Welfare Fund is pleased to announce a new Prescription Benefit Manager, BeneCard PBF, who will administer your prescription benefit program, effective January 1, 2015.

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Mental Health Network Copay Changes

At the September 17th, 2014 Board of Trustees’ Meeting, the following change was approved by the Trustees for the Welfare Fund:

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Annuity Fund Plan Amendment regarding the term Spouse

Effective September 16, 2013, the Board of Trustees have determined to amend the Annuity Plan pursuant to Section 4.8 to define the term "Spouse".

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Pension Fund Plan Amendment regarding the term Spouse

Effective September 16, 2013, the Board of Trustees have determined to amend the Pension Plan pursuant to Section 8.1 to define the term "Spouse".

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Economic Hardship Loan caused by Natural Disaster

The Board of Trustee has voted to allow participants to borrow from thier Annuity Account for expenses due to Economic Hardship caused by Natural Disaster (Hurricane Sandy).

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Life Insurance and Accidental Death & Dismemberment Benefit Carrier Change

Please be advised that the District Council Ironworkers Welfare Fund of Northern NJ has made a change to its Life Insurance and Accidental Death & Dismemberment (AD&D) Benefit Carrier for Active members. This change does not affect the amount of your life insurance coverage. Effective August 1, 2012 the carrier will be AIG Benefit Solutions.

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Welfare Fund Early Retiree only benefit plan discontinued effective December 31, 2012

After careful consideration at the June 19, 2012 Board of Trustees' meeting, it has been determined to discontinue the Early Retiree only benefit plan effective December 31, 2012.

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Mental Health Parity and Addiction Equity Act (MHPAEA)

The Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008 is federal legislation that was signed into law October of 2008. The requirements of MHPAEA are effective July 1, 2011 for the Welfare Fund.

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