IBEW Local 894 - Benefit Plan

Health and Welfare Trustees

Forms

Benefit Summary for Active Members

UPDATES

June 2008

Effective August 1, 2008, the monthly Dollar Bank Drawdown and Pay Direct charge will be increased.

Currently an Active Member's Dollar Bank Draw Down is $310.00 per month. Effective August 1st, 2008 the monthly Draw Down will be $350.00. This increase partially takes into account the recent increase in the Contribution Rate. The increase in the Contribution Rate also allows the Member's Dollar Bank to continue to grow.

Effective August 1st, 2008 the maximum a Member can hold in his Health & Welfare Dollar Bank will increase to $4,200.00

The current charge for Active Members who are on Pay Direct is $267.00, plus taxes. Effective August 1st, 2008 the Pay Direct charge will be $275.00. Provincial Sales Tax of $22.00 and $1.18 of Ontario Premium Tax will be added to the monthly Pay Direct charge for a total monthly Pay Direct charge of $298.18. Since this increase is effective for the benefit month of August 2008 the first payment would be due September 10th, 2008.

The Trustees have decided to leave all other Pay Direct charges the same and to continue to subsidize these costs out of the Unallocated Reserve. If you have any questions regarding these changes you may contact Sue Artym at the Union Office.

Health & Welfare Vote

The results of the Health & Welfare vote held on February 28, 2008 are as follows:
Accept - 63
Reject - 43
Spoiled - 1
The motion to increase the Health & Welfare hourly contributions from $2.16 per hour to $2.66 per hour on May 1, 2008 was carried.

Dental Fee Guide

The Health & Welfare Trustees are pleased to announce the dental benefit will be increasing from the year 2005 dental fee guide to the year 2006 dental fee guide effective with services received on or after January 1, 2008.

Rate Change February 1st, 2007

The monthly drawdown total for Benefits will be increased effective February 1st, 2007. Currently an Active Member’s drawdown is $297.00 per month. Effective February 1st, 2007 the monthly drawdown for an Active Member will be $310.00. The 8% Provincial Sales Tax and the 0.43% Premium Tax are paid by the contractors on monthly remittance reports. The monthly drawdown for members on Pay Direct will not increase. The Pay Direct will remain at $267.00, plus taxes. Effective February 1st, 2007 the maximum a member can hold in their Health & Welfare Dollar Bank will increase to $3,720.00. If you have any questions regarding these changes please contact Sue Artym at the Union Office.

Dental Fee Guide

The Health & Welfare Trustees are pleased to announce the dental benefit will increase to the year 2005 dental fee guide for claims incurred on or after January 1, 2007.

Revised Member Information Cards

The Health and Welfare Trustees are pleased to inform you there are new revised “Member Information Cards” available at the Union Office. These cards are used to record your beneficiary information for the Benefit Plan’s Life Insurance coverage.

Please be aware the insurance company will not issue a cheque for life insurance to beneficiaries under the age of 18. On the new “Member Information Cards” a member can name beneficiaries younger than 18 as long as they name a Trustee. It would then be the Trustee named on the card that would receive the life insurance payment.

Also, if a member wishes, he/she may name a primary and a contingent beneficiary on the revised card. An example of this would be to name the husband or wife as primary beneficiary and the children as contingent beneficiaries, and if husband and wife both die at the same time, the contingent beneficiaries would receive the life insurance benefit.

If you wish to review or update your beneficiary information please contact Sue Artym at the Union Office.

Health & Welfare Motion

The motion to increase the Health & Welfare hourly contributions by six ($0.06) cents per hour was voted on and passed at the General Meeting on July 27, 2006. The increase will take effect November 1, 2006. This increase will raise the Long Term Disability (LTD) Benefit from $1,500.00 to $2,000.00 per month.

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