Health Fair - August 2019, Summary of Material Modifications - December 2018, New Prescription Drug Provider Effective February 1, 2018, Summary of Material Modifications - October 2018, Summary of Material Modifications - September 2017, Summary of Material Modifications - February 2017 (Updated 8/11/17), Health Plan Improvements - November 2015, Health Plan Improvements - Diabetes Benefit - July 2014, New Diagnostic Imaging Network - October 2013, Summary of Material Modifications - June 2010, Benefit Provider Contact Information - November 2020, At-Home COVID Test Reimbursement Form - January 2022, Over-the-Counter COVID Test Information - January 2022, EmpiRx Direct Member Reimbursement Form - January 2022, New Prescription Drug Provider Effective October 1, 2020 - October 2020, EmpiRx Processing Information - October 2020, EmpiRx Personal Representative Form - October 2020, Absolute Solutions Member Flyer - July 2020, Sleep Apnea Equipment & Supplies - January 2015, If you are unsure which Welfare Plan you belong to, please contact the Fund Office at (630) 887-4150, Summary Plan Description (SPD) Excavating, Grading and Asphalt Welfare - June 2016, Summary Plan Description (SPD) Garage Attendants, Linen & laundry Welfare - June 2016, Summary Plan Description (SPD) Private Scavengers Welfare - June 2016, 2021 Wellness Program Explained - February 2021, Health Spending Account Reimbursement Form. To find out which plan you are in, go to the member section and follow the instructions to login. Teamsters Local 731 Health/Welfare and Pension Funds is a Pension located in Astoria, NY United States, North America. LNPF has paid out more than $3.7 billion in benefits over the years. Name: Teamsters Local 731 Health/Welfare and Pension Funds. If you work at least 1,000 hours in Covered Employment in two consecutive Plan Years between June 1, 2008 and May 31, 2013. 20 0 obj <>/Filter/FlateDecode/ID[<9AF1DB212FBA735D4EBF45AE06310794>]/Index[14 15]/Info 13 0 R/Length 52/Prev 12442/Root 15 0 R/Size 29/Type/XRef/W[1 2 1]>>stream Teamsters Local 731 Scholarship Member Notice. You will be eligible for a Deferred Pension at your Normal Retirement Age if you have at least five Years of Vesting Service. When you retire, your monthly pension benefit will be calculated using all of the Pension and Bonus Credits you have earned. If your question is not addressed here, you can contact the Fund Office at 630.887.4150. However, if you meet certain work requirements, your Past Pension and Bonus Credits may be multiplied by the Benefit Accrual Rate in effect when you leave Covered Employment, as indicated in the chart on page. Find descriptions of the classes offered at the Training Fund. However, they will be used in calculating the amount of your pension. Pension Credits The number of Pension Credits you earn determines the amount of your pension benefit. Country: United States. Mail the form with the prescription(s) and co-payment to: We will ship orders to the address entered on the form. Your monthly pension benefit will be based on your total number of Pension and Bonus Credits you have earned multiplied by the Benefit Accrual Rate associated with those Credits. If you have earned at least 10 Years of Vesting Service or 10 Pension Credits, you may be eligible to retire earlier than age 65. A defined benefit plan is traditionally referred to as a "pension plan." No login required. Toll Free: (866) 906-0200 (for plan participants only) Each Craft has its own Board of Trustees, represented by an equal number of Management Trustees and Labor Trustees. Any use or disclosure of the information contained on this website for any purpose other than the intent of the original distribution is prohibited. There was an error. For more information, see the complete list of Affiliated Funds. You can receive a Regular Pension, which is not reduced for age, as early as age 55 if you have at least 10 Years of Vesting Service or 10 Pension Credits. your 1099-R by February 15, 2023, please Bonus Credits are granted in a Plan Year after June 1, 1986. William A. Lee Memorial Academic Scholarship - William A. Lee Memorial Random Drawing Scholarship. HWr}WK!H6oGN9n2Xm&R! Write the member identication number, patient name and patient date of birth on the back of each prescription. However, pension benefits will begin on April 1 of the year that follows the calendar year in which you reach age 70. Summary Plan Description (SPD) - Private Scavengers Welfare . We appreciate your feedback. CALL US, CONTACT If your question is not addressed here, you can contact the Fund Office at 630.887.4150. The Board of Trustees are pleased to bring you this website regarding the benefit programs through Teamsters Local 731. However, your Reciprocal (Partial) Pension benefit will be calculated based on the actual hours you worked during the Plan Year. If you delay receiving benefits past your Normal Retirement Age, your monthly pension benefit will be actuarially increased for each complete calendar month past your Normal Retirement Age during which you are not working in Disqualifying Employment. the As a union member, you and your family are entitled to the highest level of health care available, and the Local 14 Welfare Plan ensures that you and your family are protected in times of illness. Benefit Accrual Rates for Separate Periods of Employment. endstream endobj startxref our A defined benefit plan is traditionally referred to as a "pension plan." This type of plan typically provides participants with a monthly retirement benefit upon reaching a specific age for either a specific period of time, or for the Participant's lifetime, depending upon the form of benefits offered by the plan and selected . For more than 50 years, LNPF has been providing retirement income security for workers represented by the Laborers' International Union of North America (LIUNA) and affiliated Local Unions and District Councils, primarily in the pipeline, building and construction industries. . This website cannot be reproduced without express written permission from the Teamsters Local 731 Health/Welfare and Pension Funds. 1000 Burr Ridge Pkwy # 301. You earn one Year of Vesting Service for each Plan Year (June 1 to May 31) you work at least 870 hours. 175 Employees . Laborers National Pension Fund Chicago & Vicinity Laborers District Council Contact The use of this website is subject to Terms of Use. contact the Fund Office. 1000 Burr Ridge ParkwaySuite 301Burr Ridge, IL 60527Fund Office Tel: 630.887.4150Fund Office Fax: 630.887.4155Medical Claims Fax: 630.920.7308Office HoursMonday thru Friday8:30 AM - 4:30 PMinfo@ibt731funds.org 0 Register Now Find information about Local 731, wage rates, upcoming events and more. This type of plan typically provides participants with a monthly retirement benefit upon reaching a specific age for either a specific period of time, or for the Participants lifetime, depending upon the form of benefits offered by the plan and selected by the Participant. The type of pension you qualify for, the amount of your pension, and the date your pension will begin depend on your work history and the Pension and Bonus Credits you have earned. If you have any comments or suggestions, please. If you have worked in many different areas and participated in other laborers pension plans, you may be entitled to a Reciprocal (Partial) Pension from this Plan and other plans that have executed a reciprocal agreement with the Laborers International Union of North America (LIUNA). Global Wealth Conferences - SWFI Event Series, Teamsters Local 731 Health/Welfare and Pension Funds. Training Fund Classes Note: You need to go to the Benefits Funds site and log in to see the class schedule and other Training Fund information. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Teamsters Local 731 Healthwelfare Pension Funds is a company that operates in the Financial Services industry. |YH:-iYz$16W(fd*wTh !#r[I_ GCR to the email provided. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. You receive Bonus Credits for your hours (1,500 or more in a Plan Year) worked after June 1, 1986. S&P noted "large legacy pension liabilities remain a negative credit factor." The city intends to offset budgetary impact by drawing from reserves in its Retiree Protection Fund, which has grown . Excavators Union Pension Fund at 3411 35th Ave, Long Island City, NY 11106. Laborers Receipts for: Excavators Union Local 731 Pension Fund Type: RELATED FUND Location: 34-11 35TH AVE ASTORIA, NY 11106 Total Received from Laborers: 33704.00 Source: LM forms filed with the Office of Labor-Management Standards. Teamsters Local 731 Health/Welfare & Pension Funds Office has partnered with Viveka Health to develop a new mobile app thats available on iOS & Android smartphones!Download now through the App Store or on Google Play. M-Th: 8AM-4:30PM CT Contact Information. An activation code will be sent New ID Cards are being issued by Blue Cross Blue Shield of Illinois as well as a new Combined ID Card with all services is being reissued by the Fund Office.The reason for the re-issue is for compliance with the Consolidated Appropriations Act of 2021 (No Surprises Act). See If You Become Disabledfor information about the Disability Pension. Other members probably have the same question. Monday thru Friday - 8:30am to 4:00pm CST hSmk0+qez-PItY!4GKl~:N,h7=wG LG e;+)' TKufu/85>cXSd~9#e,t:Z1ni Local 731 Training Fund 3411 35th Avenue Astoria, NY 11106 Mason Tenders Training Center 42-53 21st Street Long Island City, NY 11101 Laborers' Local 17 Training and Educational Trust Fund 451C Little Britain Road Newburgh, NY 12550 Laborers' Local 91 Educational and Training Fund 4500 Witmer Industrial Estates Niagara Falls, NY 14305 LOCAL 731, I. However, if you have been credited with Years of Vesting Service due to work for which no contributions were made to this Plan, to be eligible for an unreduced Regular Pension (as early as age 55) based on Years of Vesting Service you may need at least 10 Years of Vesting Service and five or more Pension Credits (see How you earn a pension). Your Pension and Bonus Credits will be multiplied by the Benefit Accrual Rate in effect when you earned the Pension and Bonus Credits. Your destination for buying luxury property in Grenoble, Auvergne-Rhne-Alpes, France. You must be receiving Weekly Income Benefits from the Chicago Laborers Welfare Plan to be eligible for this credit. Health Fair, Health Plan Improvements - Diabetes Benefit, New Prescription Drug Provider Effective October 1, 2020, Summary Plan Description (SPD) Excavating, Grading and Asphalt Welfare, Summary Plan Description (SPD) Garage Attendants, Linen & laundry Welfare, Summary Plan Description (SPD) Private Scavengers Welfare. This form includes a condential patient prole section for you and any family members. Your pension benefit may be calculated by using more than one Benefit Accrual Rate if: You do not meet the work requirement to increase the Benefit Accrual Rate for your Past Pension and Bonus Credits; or. You may also receive Pension and Bonus Credits, as well as Vesting Service, for periods in which you do not work due to either an occupational or a non-occupational disability. You will see instructions for logging in after you click on the link to the site you would like to visit. You will need Adobe Acrobat to view these files. It is calculated in the same manner as a Regular Pension, and then reduced for early retirement. Each type of pension has different rules for eligibility and the pension benefits are figured differently as explained in the following sections. Health Welfare and Pension Fund Office 1000 Burr Ridge Parkway - Suite 301 Burr Ridge, IL 60527 T: (630) 887-4150 Benefits Funds Site Find information about the Welfare, Pension, Annuity and Training Funds and the Supplemental Benefit Program. To view Pension Notices, click here to login. providing retirement income Make sure you review your order within 21 days of receipt. Teamsters Local 731 Health/Welfare & Pension Funds Office has partnered with Viveka Health to develop a new mobile app that's available on iOS & Android smartphones! To qualify for a $400.00 Wellness Incentive in 2023, you will need to complete your biometric screening between January 1, 2023 and December 31, 2023.View AnnouncementUpdate contact information to streamline registration. Dallas, Texas 75380-3415, Office: (972) 233-4458 However, if you work for a contributing employer in work not covered by this Plan and such employment is contiguous with your employment with that Employer in Covered Employment (i.e., not separated by quit, discharge or other termination of employment between periods), your hours of employment in such non-covered work will be counted toward earning Vesting Service. - Out of Pocket Wellness Reminder - December 2022, Summary of Material Modifications - OTC Covid Tests - January 2022, Summary of Material Modifications - Rx Copay Changes - January 2022, Summary of Material Modifications - OOP Wellness Reminder - December 2021, Summary of Material Modifications - Wellness Program - September 2021, Summary of Material Modifications - September 2021, Summary of Material Modifications - May 2021, Illinois COVID-19 Vaccine Update - January 2021, Summary of Material Modifications - December 2020, Viveka Mobile App Announcement - July 2020, COVID-19 Coverage Announcement - May 2020, Summary of Material Modifications - December 2019, "Building Bridges to Health" Update contact information to streamline registration. You earn Pension and Bonus Credits by working a certain number of hours during the Plan Year for employers that are required to make contributions to the Pension Plan on your behalf. You may refer to Appendix on page 38 or contact the Pension Department of the Fund Office for information about the Benefit Accrual Rate associated with each of your Pension and Bonus Credits. trending_flat, To access your account and view your remittance entry and payment information, You are also entitled to Pension and Bonus Credits when you are absent from work because you are serving in the Uniformed Services of the United States in accordance with the Uniformed Services Employment and Reemployment Act of 1994. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Summary Plan Description (SPD) - Garage Attendants, Linen & laundry Welfare - June 2016. Calling the MAP first will maximize your insurance coverage. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. Office Closed 2008-2023 Sovereign Wealth Fund Institute. Get Excavators Union Pension Fund can be contacted at (718) 391-0430. Select the document type from the dropdown. For more than 50 years, LNPF has been Information for Employers1094/1095 ReportingNotice to Contributing Employers regarding reporting obligations under the Affordable Care Act (ACA) For confidential help with a drug/alcohol or mental health issue, call the MAP at 1-800-292-2780 to speak with a licensed counselor or social worker. Find descriptions of the classes offered at the Training Fund. You must have earned at least five Years of Vesting Service to earn the right to a pension at retirement. The app offers digital copies of members insurance cards, that can be emailed instantly to doctors, or pharmacists. customer reviews here. The Act requires additional information to be available from the ID card, such as out of pocket limits. You may have your Past Pension and Bonus Credits, even those earned before June 1, 2008, payable at the $107 Benefit Accrual Rate: If you earn at least of a Pension Credit between June 1, 2006 and May 31, 2008; or. However, if you incur any temporary Breaks in Service of one or more years before you are vested, you must return to Covered Employment after the break and reestablish participation by working at least 870 hours in Covered Employment before you may be vested. Remember, Bonus Credits earned for working more than 1,499 hours per year do not count toward your Vesting Service or pension eligibility requirements. In addition, if you were hired after January 1, 2002 subsequent to working for an employer in the building construction trades that made contributions on your behalf to another union sponsored employee benefit plan, you will be credited with Vesting Service under this Plan for your time with the other plan. 2022 Scholarship Awards Announcement - June 2022, 2021 Scholarship Awards Announcement - June 2021, 2020 Scholarship Awards Announcement - August 2020, 2019 Scholarship Awards Announcement - July 2019, 2018 Scholarship Awards Announcement - July 2018, 2017 Scholarship Awards Announcement - August 2017, 2016 Scholarship Awards Announcement - July 2016, 2015 Scholarship Awards Announcement - July 2015, 2014 Scholarship Awards Announcement - July 2014, 2013 Scholarship Award Announcement - July 2013, Health Insurance Coverage Outside of the United States, Glossary of Health Coverage and Medical Terms, Affordable Care Act Requirement - Social Security Numbers Needed, Marketplace Form - Excavating, Grading and Asphalt Welfare, Marketplace Form - Garage Attendants, Linen & Laundry Welfare, Marketplace Form - Private Scavengers Welfare, 2023 Spring Wellness Event - Announcement, Summary of Material Modifications This site is for the exclusive use of Excavators Local 731 members and their families. Box 803415 | Dallas, Texas 75380-3415, Ph (972) 233-4458 All Rights Reserved. There are different types of pensions available to eligible participants of the Chicago Laborers Pension Fund: If you are eligible for more than one type of pension from the Plan, you will receive the pension that provides you the greatest benefit. Were excited to announce the launch of our redesigned website! Contactthe Pension Department ofthe Fund Office for more information. The purpose of this website is to provide you with access to information about your benefits and to help you better understand the benefit programs available to you. trending_flat. Laborers Local 731 . However, if you leave Covered Employment with less than five Pension Credits, but more than five Years of Vesting Service (between this Plan and your prior plan), benefits will not be payable until age 65. You earn a pension by completing the required number of Years of Vesting Service and earning Pension and Bonus Credits. Contributions are due no later than the 20th of 14 0 obj <> endobj Telephone: (708) 562-0200 The most current Benefit Accrual Rates are as follows: Pension and Bonus Credits earned on or after: However, if you meet certain requirements, you may be able to increase the Benefit Accrual Rate associated with your Past Pension and Bonus Credits as follows: Or You worked at least 1,000 hours in each of two consecutive Plan Years between: Note: If you have incurred a period of five or more years in which you failed to earn at least Pension Credit, the Benefit Accrual Rates for Separate Periods of Employment sectionwill apply. If you desire to do more, however, the Teamsters Union affords you that wonderful opportunity. Welcome to the Laborers National Pension Fund (LNPF). In the event of a discrepancy between information on this website and the Plan Document and/or Summary Plan Description for your benefit plan, the Plan Document will control. Bonus Credits for working 1,500 hours or more will not be counted toward your Vesting Service or eligibility for a pension. Began working in Covered Employment if you have been working continuously; or. For help in finding what you need from this site, please go to "Using This Site". If Vesting Service is granted for this building trades employment, you will be required to have at least 10 Years of Vesting Service and 5 or more Pension Credits to be eligible for an unreduced Regular Pension (see Regular Pension). EXCAVATORS UNION LOCAL 731 34-11 35TH AVENUE, ASTORIA, NY 11106 Total Revenue $17,822,411 Total Expenses $15,428,898 Net Assets $41,656,084 Organizations Filed Purposes: LOCAL LABOR UNION COLLECTIVELY BARGAINS FOR MEMBERS' WAGES, BENEFITS & IMPROVEMENT OF WORKING CONDITIONS. For past Benefit Accrual Rates, see Appendix on page 38 or contact the Pension Department of the Fund Office for additional information about how to calculate your pension. Fill out an Order Form. You had earned Pension and Bonus Credits before you incurred a period of five or more years in which you did not earn at least Pension Credit. If you did not receive James R. Hoffa Memorial Scholarship Fund. You will also be credited with hours of work for each week of the waiting period for the Weekly Income Benefits. You can receive an Early Pension as early as age 50 if you have at least 10 Years of Vesting Service or 10 Pension Credits.