A Publication of the
Central Laborers’ Pension, Welfare & Annuity Funds
LABO R ER
I L L I N O I S
Summer ‘09
IMPORTANT SUMMARY ANNUAL REPORT INFORMATION/
PENSION & WELFARE AMENDMENTS INSIDE
SEE PAGES 4-9 & 11
(Read and Retain for Reference)
L
ILLINOIS
Illinois Laborer is published by
the Central Laborers’ Pension,
Welfare and Annuity Funds.
Trustees of the three funds are,
listed alphabetically:
ABORER
Contents
Charles Adams
Jim Bruner
Kenton Day
Viewpoint
Page 3
Annuity Summary Annual Report
Page 4
Pension Summary Annual Report
Page 5
Pension Amendment
Meet Your Trustees
Pages 6-9
Welfare Plan Amendments
Page 11
Page 10
Ed Doyle
Martin Easterling
Tim Garvey
John Goetz
Mark Hannon
Frank Hovar
Ken Kilian
Joe Lamb
Scott Larkin
Bob McDonald
Doug Megginson
Steve Morthole
John Peisker
John Penn
Glyn Ramage
Allan Reyhan, Jr.
Brad Schaive
This newsletter contains information regarding the Central Laborers’ Pension, Welfare and
Annuity Funds. The actual Funds provisions may be found in the Funds’ Plan documents which
include the actual Plans and Trust Agreements. In the event of a conflict between the wording in
this newsletter and the Plan documents that govern the Plans, the Plan documents shall govern.
Please keep this newsletter with your Summary Plan Description (SPD) booklet and other
benefit materials for future reference. The Trustees reserve the right to amend, modify, or
terminate the Plans at any time.
Send address changes and newsletter questions, comments and ideas to:
Central Laborers’ Pension, Welfare and Annuity Funds
P.O. Box 1267
Jacksonville, IL 62651-1267
or call: (800) 252-6571
www.central-laborers.com
2
Illinois Laborer Summer 2009
Rick Schewe
Patrick Sheppard
John E. Taylor
John R. Taylor
Steve Trokey
Dan Koeppel
Executive Director
VIEWPOINT
HEALTH CARE THE TIME IS NOW
Forty-six million Americans do not have health care benefits of any
kind. Because you are reading this, you are a LIUNA member and
probably already enjoy those benefits as a negotiated part of the collective bargaining agreement with your employer.
So you’ve got benefits; why should you care about the health care debate that is raging across the country? Why should you worry about millions of people you don’t even know?
The first reason is self-preservation. America’s financial security is in turmoil due to the skyrocketing
costs of health care. As costs rise, so do the insurance premiums and benefits that your laborers’ health
and welfare fund pays to protect you and your family. Those premiums directly affect your contract and
your employers’ contribution. The bottom line is that the health care crisis in this country is your crisis,
because one way or another, it’s coming out of your paycheck.
The second reason is that as the cost of health care rises, the quality of that care diminishes. As the number of those without the ability to pay increases, the more those limited services are rationed to the fewer
numbers who can pay. The more those services are rationed, less emphasis is placed on quality preventative medicine for all.
The third reason is as Laborers, we fight for the rights of ALL Americans. It’s what Laborers do. The
American labor movement has a long history of fighting for the rights of not only union members, but
for all workers. The 8-hour workday, safer working conditions and the elimination of child labor are just
a few of the rights all Americans take for granted that were gained through the sweat and blood of rank
and file union members over the last century.
Laborers are still on the front line fighting for the rights of all Americans in a battle between what’s best
for corporate America and what’s right for all of us. Passing universal health care is an issue that will not
only transform the lives of millions, but will be remembered as the moment when this country lived up
to its ideal of equality and declared that access to health care is a right for all of its citizens, not just for
those who can afford it.
For whatever reason you choose, I’m asking you to join our brothers and sisters across Illinois and contact your U.S. Representatives and Senators via email, phone or letter and ask them to support health care
reform now.
John F. Penn, Chairman,
Central Laborers’ Pension and Annuity Funds
Illinois Laborer Sumer 2009
3
SUMMARY ANNUAL REPORT FOR
CENTRAL LABORERS’ ANNUITY FUND
This is a summary of the annual report for the CENTRAL LABORERS’ ANNUITY FUND (EIN 37-6052379,
Plan No. 002), for the year October 1, 2007 through September 30, 2008. The annual report has been filed with
the Employee Benefits Security Administration, formerly known as the Pension and Welfare Benefits Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).
BASIC FINANCIAL STATEMENT
Benefits under the Plan are provided by a trust. Plan expenses were $7,922,769. These expenses included
$7,443,189 in benefits paid to participants and beneficiaries and $479,580 in administrative expenses. A total of
14,520 persons were participants in or beneficiaries of the Plan at the end of the Plan year, although not all of these
persons had yet earned the right to receive benefits.
The value of Plan assets, after subtracting liabilities of the Plan, was $91,274,699 as of September 30, 2008 compared to $91,557,743 as of October 1, 2007. During the Plan year the Plan experienced a decrease in its net assets
of ($283,044). This decrease includes unrealized appreciation or depreciation in the value of Plan assets; that is,
the difference between the value of the Plan’s assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The Plan had total income of $7,639,725, including
employer contributions of $8,763,495, and earnings from investments of ($1,123,770).
YOUR RIGHTS TO ADDITIONAL INFORMATION
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed
below are included in that report:
1. An accountant’s report;
2. Financial information and information on payments to service providers;
3. Assets held for investment;
4. Transactions in excess of 5% of Plan assets;
5. Insurance information including sales commissions paid by insurance carriers; and
6. Information regarding any common or collective trusts or pooled separate accounts in which the Plan participates.
To obtain a copy of the full annual report, or any part thereof, write or call the office of the Central Laborers’
Annuity Fund, the Plan Administrator, at P.O. Box 1267, Jacksonville, IL 62651 (telephone 217/243-8521). The
charge to cover copying costs will be $25.00 for the full annual report or $.25 per page for any part thereof.
You also have the right to receive from the Plan Administrator, on request and at no charge, a statement of the assets and liabilities of the Plan and accompanying notes, if any, or a statement of income and expenses of the Plan
and accompanying notes, if any, or both. If you request a copy of the full annual report from the Plan Administrator, these two statements and accompanying notes, if any, will be included as part of that report. The charge to
cover copying costs given above does not include a charge for the copying of these portions of the report because
these portions are furnished without charge.
You also have the legally protected right to examine the annual report at the main office of the Plan, 201 North
Main Street, Jacksonville, Illinois and at the U.S. Department of Labor in Washington D.C., or obtain a copy from
the Department of Labor upon payment of copying costs. Requests to the Department should be addressed to Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor,200
Constitution Avenue, N.W., Washington, D.C. 20210.
4
Illinois Laborer Summer 2009
SUMMARY ANNUAL REPORT FOR
CENTRAL LABORERS’ PENSION FUND
This is a summary of the annual report for the CENTRAL LABORERS’ PENSION FUND (EIN 37-6052379, Plan No.
001), for the year October 1, 2007 through September 30, 2008. The annual report has been filed with the Employee Benefits Security Administration, formerly known as the Pension and Welfare Benefits Administration, as required under the
Employee Retirement Income Security Act of 1974 (ERISA).
BASIC FINANCIAL STATEMENT
Benefits under the Plan are provided by insurance and a trust. Plan expenses were $82,480,354. These expenses included $77,000,728 in benefits paid to participants and beneficiaries and $5,479,626 in administrative expenses. A total
of 14,554 persons were participants in or beneficiaries of the Plan at the end of the Plan year, although not all of these
persons had yet earned the right to receive benefits.
The value of Plan assets, after subtracting liabilities of the Plan, was $859,399,220 as of September 30, 2008, compared to $987,790,412 as of October 1, 2007. During the Plan year the Plan experienced a decrease in its net assets of
($128,391,192). This decrease includes unrealized appreciation or depreciation in the value of Plan assets; that is, the difference between the value of the Plan’s assets at the end of the year and the value of the assets at the beginning of the year
or the cost of assets acquired during the year. The Plan had total income of ($45,910,838), including employer contributions of $54,967,342, earnings from investments of $20,469,383, and ($121,347,563) net depreciation in the value of Plan
investments.
The actuary’s report provided the following information: As of the beginning of the Plan year, the ratio of the current
value of assets ($987,790,412) to the “RPA ‘94” current liability ($1,603,935,162) was 61.59 percent. This information is
disclosed in accordance with ERISA Section 103(d)(11) and ERISA Section 104(b)(3).
YOUR RIGHTS TO ADDITIONAL INFORMATION
You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are
included in that report:
1. An accountant’s report;
2. Financial information and information on payments to service providers;
3. Assets held for investment;
4. Transactions in excess of 5% of Plan assets;
5. Insurance information including sales commissions paid by insurance carriers;
6. Information regarding any common or collective trusts, or pooled separate accounts in which the Plan
participates; and
7. Actuarial information regarding the funding of the Plan.
To obtain a copy of the full annual report, or any part thereof, write or call the office of the Central Laborers’ Pension
Fund, the Plan Administrator, at P.O. Box 1267, Jacksonville, IL 62651 (telephone 217/243-8521). The charge to cover
copying costs will be $25.00 for the full annual report or $.25 per page for any part thereof.
You also have the right to receive from the Plan Administrator, on request and at no charge, a statement of the assets and
liabilities of the Plan and accompanying notes, if any, or a statement of income and expenses of the Plan and accompanying notes, if any, or both. If you request a copy of the full annual report from the Plan Administrator, these two statements
and accompanying notes, if any, will be included as part of that report. The charge to cover copying costs given above
does not include a charge for the copying of these portions of the report because these portions are furnished without
charge.
You also have the legally protected right to examine the annual report at the main office of the Plan, 201 North Main
Street, Jacksonville, Illinois and at the U.S. Department of Labor in Washington D.C., or obtain a copy from the Department of Labor upon payment of copying costs. Requests to the Department should be addressed to Public Disclosure
Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue,
N.W., Washington, D.C. 20210.
Illinois Laborer Summer 2009
5
Central Laborers’ Pension Fund
Changes to Your Plan - For Members in the Construction Industry
Dear Central Laborers’ Pension Fund Participant:
As you are no doubt aware, the financial markets have been in decline since October 2007. The Central Laborers’ Pension Fund
– like other pension funds, mutual funds and individual investment accounts – has experienced losses as a result of the economic
crisis. Experts are confident the economy and the financial markets will recover from this downturn eventually, but no one is
certain when that will occur.
The Fund depends on the growth of its assets to maintain its ability to meet both current
and future pension obligations, and negative investment returns like those of the past
two years can have a significant impact on the Fund’s ability to meet those obligations.
Fortunately, in spite of these declines, the financial health of the Central Laborers’ Pension Fund remains strong. The Fund’s assets are carefully invested and broadly diversified, and the Fund’s Trustees continually monitor the Fund’s investments and asset
allocation to ensure its ability to meet current and future pension payment obligations.
Although the formula used to
calculate your pension benefit
will change effective October 1,
2009, your benefit accrual will
remain comparable to the pension earned under the current
formula.
As Trustees of the Pension Plan maintained by the Fund, we take our responsibility as
financial stewards of the Fund seriously, and we are committed to doing everything we
can to maintain the best possible pension benefits for both current and future retirees. In light of the significant downturn in
the financial markets, we have decided to make some adjustments to the Pension Plan to maintain its long-term stability. These
changes were approved at our November 2008 Board of Trustees meeting and will go into effect on October 1, 2009.
For current plan participants like you who began work in the construction industry requiring contributions to the Plan prior to January 1, 2009, the changes involve the Fund’s pension benefit formula and the calculation of pre-retirement death benefits.
The new pension benefit formula is designed to provide you with a comparable pension benefit over the course of your working
years, while using a far less complex approach than the current method.
Using a simpler formula for calculating benefits will be easier for Plan participants to understand and will also save money in
future administrative costs. These changes are viewed as a “win-win” situation. You win by retaining approximately the same
level of benefit accrual you have come to expect from the Plan, while being able to track your benefits in a more straightforward
fashion. The Fund wins by being able to control Plan expenditures and simplify the calculation of benefits.
This announcement describes the changes being made to the Pension Plan, summarizes the aspects of the Plan that are not
changing, and gives an overview of what you can expect as the changes are implemented. You are encouraged to read this material carefully and share it with your family. For additional details regarding your benefits, please refer to your Summary Plan
Description (SPD).
If you have any questions about the Plan or this announcement, please call the Fund Office at 1-800-252-6571. The Fund Office
is open Monday through Thursday from 7:30 a.m. to 5:00 p.m. and Friday from 7:30 a.m. to noon.
Sincerely,
The Board of Trustees
What is Coming Next
In the near future, you will receive a revised Summary Plan Description (SPD). This new document will give you details
about the Pension Fund and will reflect the changes made to the Plan effective October 1, 2009.
As in the past, the Fund Office will send you a personalized benefit statement after the end of the current Plan Year (September 30, 2009). This statement will provide a final calculation of the pension benefit you have earned under the current
formula, including any pension benefits from your hour bank.
This letter and announcement are applicable only to Participants who first entered Covered Employment prior to January 1, 2009.
This announcement contains information regarding the Central Laborers’ Pension Plan. The actual Plan provisions may be found in the Funds’ legal
documents. In the event of a conflict between the wording in this announcement and the legal documents, the legal documents will govern. The Trustees
reserve the right to amend, modify, or discontinue all or part of the Plan and have the sole authority to interpret its provisions.
6
Illinois Laborer Summer 2009
The New Central Laborers’ Pension Plan Benefit Accrual Formula
Easy to Understand. Simple to Calculate.
Starting on October 1, 2009, the Fund will take a new approach to determining your pension and certain pre-retirement death benefits.
Currently, the formulas for these benefits are fairly complex, involving pension credits, hourly contribution rates,
benefit accrual rates and, in some cases, an hour bank. The Fund is replacing this approach with what is known as a
multiplier formula. Using a multiplier formula will make it easier to calculate your benefit.
What is the “multiplier formula”?
Beginning October 1, 2009, the applicable portion of the contributions that your employer makes on your behalf (as
more fully explained below) will be used to determine your monthly pension benefit. Contributions will be multiplied by a flat rate (the “multiplier”) to give you your basic monthly pension benefit. Effective October 1, 2009, the
multiplier is 1.35%.
Applicable employer contributions
X
1.35%
For example, if your applicable employer contributions for a Plan Year total $10,000, you’d multiply $10,000 X
1.35% to add $135.00 to your basic monthly benefit.
What is an “applicable” employer contribution?
When the new formula goes into effect on October 1, 2009, all of your employer contributions required to be paid to
the Fund on your behalf on or after that date are considered “applicable.” In other words, your employer’s total contribution will be used in determining the amount of your pension benefit. However, if the effects of the poor economy
continue to threaten our Plan’s funding, the Fund’s Trustees may elect to set aside a portion of employer contributions
as a means to help restore the Fund’s financial health. Of course, you would be notified of any other changes related
to your pension benefits.
How will this change affect the pension benefit I’ve earned before October 1, 2009?
It won’t. The pension benefit that you’ve earned prior to October 1, 2009, will be calculated using the formula(s) that
have been in place prior to that date. The new formula will be used to determine your benefit accrual on and after
October 1, 2009. For an example of how to calculate your benefit before and after the change in formula, see page 9.
What are the advantages to switching to a multiplier formula?
Because you receive an employer contribution for every hour worked, the new pension formula may give you an
advantage over the way your pension benefit is currently calculated. For example, under the current formula, if you
work fewer than 500 hours in a Plan Year, you earn no pension credits – and as a result, you do not earn a pension
benefit for that year. Under the new formula, however, you will earn a pension benefit for all of the hours you work
during the Plan Year, no matter how few or how many, unless you incur a Permanent Break in Service. The multiplier formula also simplifies Plan administration by eliminating the need to track hours in an hour bank to calculate
portions of your pension benefit. Using employer contributions as the basis for your benefit automatically takes into
account all your hours of work.
Will I receive the same pension benefit under the new formula as I would under the current formula?
Your benefit accrual won’t be identical under the new formula – it may be slightly higher or slightly lower than it
would under the current formula. It all depends on the number of hours you work. However, the new pension benefit
multiplier formula has been designed to provide you with a comparable pension benefit over the course of your working years, while using a far less complex approach than the current method.
Illinois Laborer Summer 2009
7
What will happen to the hours in my hour bank?
Based on current Plan provisions, your hour bank can total no more than 2,000 hours and includes:
•
excess hours you had in your hour bank before October 1, 1999; and
•
excess hours you worked over 1,750 during a Plan Year since October 1, 1999.
Under the new accrual formula, since all hours are counted in determining the amount of your pension, there
is no longer a reason to have an hour bank. Therefore, any hour bank hours which have not previously been
factored into your pension benefit as of September 30, 2009, will be converted into a monthly benefit amount
(using the formula in effect as of that date) and become a part of your accrued pension benefit. Therefore, you
will receive a final calculation of the pension benefit you have earned under the current formula(s), including
any pension benefits from your hour bank. Details of how your hour bank is converted into a monthly pension
benefit can be found in the current Summary Plan Description (SPD).
Will I still continue to earn pension credits?
Under the new formula, pension credits will no longer be a factor in calculating your benefit; however, they will
continue to be used to determine your eligibility for certain benefits such as a Service Pension. Therefore, you
will continue to earn pension credits based on your hours of work in covered employment with no change in
how pension credits are earned. In addition, you will continue to earn years of vesting service with no change in
how vesting service is calculated.
How is the pre-retirement death benefit changing?
The calculation of the Plan’s pre-retirement death benefit will change as well. If a death benefit is payable, it
will equal the amount of applicable employer contributions made on your behalf during the most recent ten Plan
years, counting the Plan Year in which you die. However, in no event will the amount of the death benefit be less
than that payable to any eligible Participant’s beneficiary under the current Plan.
What is Not Changing in the Pension Plan
As in the past, for vested participants, the Plan will continue to offer:
•
•
•
•
•
•
•
•
•
•
8
Guaranteed retirement benefits with 5 years of vesting service.
Regular retirement benefits as early as age 63 if you retire from covered employment.
Reduced early retirement benefits as early as age 53 if you retire from covered
employment.
An unreduced service pension as early as age 53 if you meet certain requirements.
A disability pension if you meet all qualification criteria including an inability to work due to a total and permanent disability.
An occupational disability benefit if you meet all qualification criteria including
incurring a bodily injury or disease while working in the construction industry.
A temporary supplemental benefit in addition to your pension if you meet certain
requirements.
Reciprocal pensions for members who have worked for employers participating in
construction industry-related pension funds other than the Central Laborers’ Pension Fund.
A variety of benefit payment options to choose from at retirement.
Death benefits for your surviving spouse (or beneficiary) in the event of your death, either before or after you retire.
Illinois Laborer Summer 2009
How Your Total Pension Benefit Will Be Determined Beginning October 1, 2009
The benefits you have earned to date and will earn through September 30, 2009, will not be affected in any way
by the changes being made to the Plan. The changes described on the previous pages will only affect the benefits
you earn beginning October 1, 2009. To determine your total monthly pension benefit, you will add the benefit
earned under each approach as follows:
Monthly pension benefit earned as of September 30, 2009 (including the conversion of your hour bank
as of September 30, 2009 into a monthly benefit which is added to your pension)
PLUS
Monthly pension benefit earned under the new multiplier formula beginning October 1, 2009
Example:
Nick, a vested Participant, works until September 30, 2010, and retires with a Regular Pension on October 1, 2010, at age 63 with 26 years of service in Covered Employment. During his first 25 years of
service (through September 30, 2009) he earned a monthly pension of $1,780. During his last year of
service (October 1, 2009 – September 30, 2010) Nick works 1,490 hours at a $3.65 contribution rate,
and his employer contributes $5,438.50 to the Fund on his behalf (1,490 hours x $3.65 contribution
rate). As a result, he earns a $73.42 monthly pension ($5,438.50 employer contributions x 1.35%) for
his final year of service.
Nick’s total monthly pension benefit will be determined as follows:
$1,780.00 Monthly pension benefit earned as of September 30, 2009
+
$73.42 Monthly pension benefit earned from October 1, 2009 through September 30, 2010
$1,853.42 Nick’s total basic monthly pension benefit as of October 1, 2010
The amount Nick actually receives on a monthly basis may be reduced depending on his marital status
and the payment option he chooses when he retires.
Adding It All Up
The Central Laborers’ Board of Trustees is committed to offering benefits that provide you with a
portion of the income you will need in retirement. Throughout the years, the Trustees have diligently
monitored and invested the retirement dollars in the Pension Fund to maximize the benefits available
to participants. Although the current economy presents unprecedented challenges, the Trustees will
continue to do everything possible to ensure that the Fund remains financially strong and positioned to
meet your future financial needs.
Illinois Laborer Summer 2009
9
TRUSTEES
Meet Pat Sheppard
Pat Sheppard is a third generation Laborer and Business Manager of Laborers’ Local 338 in Wood River, where he lives with his wife, Tracey, and 7-year
old daughter, Shelby Ann. Pat is serving his fifth year as a Trustee for the
Central Laborers’ Welfare Fund.
IL Laborer: When did you join the Laborers’? How old were you?
Pat:
I began working as a laborer in 1980, when I was 19 years old.
IL Laborer: What kind of jobs have you worked on?
Pat: I’ve worked all aspects of laboring over the last 28 years; road construction and a lot of refinery
work. Ninety percent of our base here in Wood River is the oil refineries, so a majority of my time was in
the refineries.
IL Laborer: How did you get involved in leadership?
Pat: When the Pension Fund rules allowed, participants began retiring at earlier ages which created a
lot of openings. I was always interested in the Labor movement; I was elected as a delegate to the District
Council and then ran for Executive Board.
IL Laborer: You are a Trustee for the Central Laborers’ Welfare Fund? How did that come about?
Pat: I was serving as Business Manager at the time that there was an opening through the Southwestern
Illinois Laborers’ District Council, and I was appointed as a Trustee. I was overwhelmed just by being
asked to serve.
IL Laborer: What was your first Trustee meeting like?
Pat: It was a little intimidating, to be quite honest, since I had never been in a board room that big. After that, everything was fine. All of the Trustees are there for the participants. The Trustees are all working
to keep the insurance coverage as good as or better than what it has been in the past, while keeping the cost
down for participants and employers.
IL Laborer: What are some of the issues you have had to deal with? This has to be a pretty intense
time for you considering the economy and the health care debate?
Pat: With health care, costs are continually on the rise, so we’re always trying to get the best bang for
the buck. Even so, we’ve managed to increase benefits for the participants. Before, the Fund provided
coverage for a pair of eyeglasses every two years; as of last year, the Fund began providing coverage for
one pair a year. Another thing that comes to mind is the Fund’s dental coverage. The language has been
changed so that it’s easier to understand, and we’ve been able to add coverage for more cosmetic procedures. Individually, they seem like small things, but they really do add up to more choices for Fund participants.
IL Laborer: What challenges do you see coming down the line?
Pat: It comes back to cost, the cost of the coverage. Congress needs to enact health care reform that
provides coverage for everyone and still keeps costs down.
IL Laborer: Pat, thank you for your time.
Pat:
It was my pleasure.
Illinois Laborer Summer 2009
10 10
Illinois Laborer Summer 2009
The Rules and Regulations of the Central Laborers’
Welfare Fund are amended, effective April 1, 2009, by
adding the following:
HEALTH & WELFARE
Section 2.22 Special Enrollment
Special enrollment is allowed for Eligible A.
Employees and Eligible Dependents if they declined Plan coverage because they had other coverage and they later experience a loss of eligibility for such other coverage.
the effective date of your eligibility for a Service Pension,
or if you received workers’ compensation benefits in lieu of
receiving an Occupational Disability Benefit, continuously
from your date of disability through the date your Service
Pension starts;
B.
Special enrollment is allowed under the Plan for a newly acquired Eligible Dependent if the Eligible Employee acquires a new
Dependent through marriage, birth, adoption, or placement for adoption.
* make proper and timely self payments to the Welfare Fund
for your coverage.
C.
Special enrollment is allowed under the Plan for an Eligible Employee and/or Eligible
Dependent if an Eligible Employee and/or
Eligible Dependent had coverage under
Medicaid or the State Children's Health
Insurance Program ("SCHIP") and later
experience a loss of eligibility for such
coverage, or if the Eligible Employee and/or Eligible Dependent become eligible to
participate in a financial assistance program through Medicaid or SCHIP for coverage
under the Plan.
D.
An Eligible Employee and an Eligible
Dependent who are eligible for special
enrollment as described in Sections 2.22(A), (B),
and (C) above shall be entitled to enroll under the
Plan through a special enrollment within 30 days
of the date of the event described in Section
2.22(A) or (B) above and within 60 days of the date of the event described in Section 2.22(C) above, with coverage effective as of the date of the
applicable event noted in Section 2.22(A),
(B), or (C) above.
The Rules and Regulations of the Central Laborers’
Welfare Fund are amended, effective July 28, 2009, by
adding the following:
The Board of Trustees hereby adopts the following amendment to the Central Laborers’ Welfare Summary Plan Description of the Central Laborers’ Welfare Fund, pursuant to
authority granted to said Board of Trustees under the Summary Plan Description:
[Amending page 19 of the Summary Plan Description]:
Retiree Eligibility - You and your Dependents are eligible
for Retiree benefits if you:
* meet the definition of Retiree (see page 83);
* have been eligible for at least 5 consecutive years under
the Central Laborers’ Welfare Fund immediately before
* are not eligible for Medicare; and
You must provide an Open Enrollment Application for Retiree benefits and make the required self-payment on or before
the deadline date printed on your self-payment notice.
The Trustees determine, from time to time, the amount of
self-payments for single/family coverage. You are required to
make self-payments on a quarterly basis for Retiree benefits.
To maintain coverage, you must make quarterly payments on
or before the first day of the quarter (January 1, April 1,
July 1, and October 1).
[Amending page 21 of the Summary Plan Description]:
Retiree Pre-Funded Subsidy Allowance Program
Eligibility
You may receive a Retiree Pre-Funded Subsidy Allowance to
offset your self-payments for Retiree benefits if you:
* initially retire on or after March 1, 2002;
* are at least 53 years of age at the time of your initial
retirement; and
* have at least 5 years of uninterrupted active participation
in the Central Laborers’ Welfare Fund immediately before
the date of your initial retirement, or if you received workers’
compensation benefits in lieu of receiving an Occupational
Disability Benefit, continuously from your date of disability
through the date your initial retirement starts.
You are also considered eligible for the Retiree Pre-Funded
Subsidy Allowance if you:
* retire due to a Total and Permanent Disability (as defined
by the Central Laborers’ Pension Plan), on or after March 1,
2002 and you are not eligible for Medicare or other government-sponsored insurance;
* are a spouse of a Participant who became Totally and Permanently Disabled on or after March 1, 2002 who is eligible
for Medicare or other government-sponsored insurance;
* are a spouse (at the time of death) of a Plan Participant who
dies while eligible for the Retiree Pre-Funded Subsidy Allowance.
Illinois Laborer Summer 2009
11
It is Open Enrollment time again. Very soon, you will receive your Open Enrollment packet. Please open
the envelope and review the materials carefully. If you have questions about which network is the best
choice for you and your family, please call the Fund Office and the customer service representatives will be
happy to assist you.
All Participants eligible for benefits under the Central Laborers' Welfare Fund effective January 1, 2010 will receive
Open Enrollment materials in the mail beginning the week of November 2, 2009. The Fund Office encourages you to log
on to www.central-laborers.com and use the on-line Open Enrollment application
which provides the ease of submitting your Open Enrollment electronically instead
of filling out a paper form and mailing it to the Fund Office. If you have not
obtained your NETime Benefits PIN (which is required to complete an online Open
Enrollment) or you have not signed up for e-letter, a wonderful way to stay current
on Fund news via e-mail, we encourage you to do this today. You simply need to
log onto the Central Laborers' Welfare Fund website and follow the prompts for
each.
Your Welfare Fund Trustees are again giving Central Laborers' Welfare Fund
Participants who obtain or have a NETime Benefits PIN, are enrolled in or enroll in e-letter and who complete the 2010
Open Enrollment application on-line, a gift card to be used at a local retailer. Don’t miss out on this free gift and all the
benefits www.central-laborers.com has to offer you.
2010 OPEN ENROLLMENT
FOR CENTRAL LABORERS’
WELFARE FUND
BEGINS NOVEMBER 2, 2009
L
As in years past, all eligible Participants are being asked to submit an online enrollment or a paper enrollment form, regardless of whether or not
changes are being made to beneficiaries or a network election. To avoid
delays in receiving health and welfare benefits in 2010, please complete
the enrollment process early.
All questions regarding the 2010 Open Enrollment or the Central
Laborers’ website can be directed to the Fund Office at 800-252-6571.
ILLINOIS
FIRST CLASS
U.S. POSTAGE
PAID
ABORER
Published by:
Central Laborers’ Pension, Welfare
and Annuity Funds
P.O. Box 1267
Jacksonville, IL 62651-1267
Dan Koeppel Executive Director
(800) 252-6571
www.central-laborers.com
PERMIT NO. 20
JACKSONVILLE, IL
62651