Documents

PDF Document Accident Form
Sep 26, 2018
PDF Document HRA SMM
Aug 14, 2018
PDF Document RxSavings Solutions
Jun 14, 2018
Flyer for RxSavings Solutions
PDF Document 401(k) Loan Application
May 31, 2018
Loan Application
PDF Document W4P
Mar 19, 2018

Health and Welfare News

 

 

June 2018

 

We have some updates to share with everyone including but not limited to, recent retirees from the past years. We also will include some names of some of our members whom have passed away in recent times. There is also a list of our recent 60, 65, and 70 year  members whom were recognized at the June Union Meeting.

There have been improvements to the Health and Welfare plans which we will also summarize. The Trustees and Fund Office staff strive to provide benefits that fit the member’s needs. In this ever-changing world in which we live it can sometimes be a struggle to be aware of best practices in the Health and Welfare environment. The following is some news we would like to share.

 

Wellness Center

We are happy to announce the opening of a second Wellness Center in the new Training Facility that was built in Northwest Indiana. Please remember that by using these facilities you will have NO out of pocket expenses. You will also be saving the H&W plan money which in turn will allow the Trustees to make further improvements to the plan.

 

Retiree Health Reimbursement Account

If you are a retiree and are eligible for medical benefits, for your retiree HRA this plan will continue as it has in the past.

 

Active Member Health Reimbursement Account

As of June 2017, the employers have been contributing .50 cents per hour worked into YOUR HRA account. This money can be used for any reimbursement of out of pocket expense you might have incurred for you or your dependents. These out of pocket expenses must meet the requirements in order to be eligible for reimbursements.

 

Retirement Seminar

The 2nd Retirement Seminar of 2018 will be held on September 29th, at the Mokena Training Center. Please contact the fund office to make a reservation. We hold these twice a year, one in the spring and one in the fall.

 

401K Plan

As of June 1, 2018 the members can apply for a loan from their 401(k) account. A recent mailing was provided to one and all explaining the process. This process is handled through Mass Mutual.

The maximum loan amount is the lesser of 50K or 50% of your account balance. The minimum amount of a loan to be processed is 10K.

 

We have been in discussion with our plan professionals about starting some 401K seminars. The seminars would target different groups of participants. One group would be members that have recently completed their apprenticeship program, another would be a group in mid-career and finally a group nearing the end of their career. These seminars would be educational sessions not necessarily financial planning. We need some feedback to measure the interest from you the member and dependents. If you are interested in participating in this type of seminar please submit an email to: 401K@funds597.org. Please include your full name,  UA card number, and the best telephone number to contact you at.

 

Recently Deceased and Retired Members

 

Michael P. Maloney

President Local 597