Dollar Bank In The Sheet Metal 10 Benefit Fund

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Dollar bank in the sheet metal 10 benefit fund. The maximum amount you are permitted to accumulate in your dollar bank will be 12 times the actual monthly premium cost for full benefits. The only way to avoid this transfer is to cancel coverage in the sheet metal 10 benefit. Sheet metal 10 benefit fund 1 introduction as a participant in the sheet metal 10 benefit fund you are eligible for a comprehensive benefit package. A crowd of union colleagues contractors and family members had gathered there to celebrate the unveiling of a new.

The maximum amount that can accrue in any dollar bank is still twelve months of coverage i e. And lee jost and associates in 1981. This booklet is designed to help you understand the benefits available to you. Your december 31 2019 hour bank will be converted to dollars.

Jost founded benefit plan administration of wisconsin inc. For example if you currently have a maximum bank of 1 620 hours your dollar bank will be 13 500 on january 1 2020. 314 652 0338 october 6 2017 dear member the board of trustees have made changes to the welfare eligibility rules effective 01 01 2018 for. If you are unsure about plan coverage refer to your summary plan description or call the benefit office.

At the end of each year the union office will calculate the premium required to pay for full coverage for 12 months. We urge you to read the booklet and share it with your family. This link redirects you to a website that dollar bank does not maintain. Cloud training center in honor of business agent steve raatikka.

The sheet metal benefit plans administrative corporation smbpac a non profit corporation was established by the trustees of the sheet metal workers health and pension plans of southern california arizona nevada in 1991 specifically to directly administer those plans as well as a number of small related plans. Once your reserve dollar bank has accumulated over 10 000 you may use the excess for eligible health related expenses. Also we recommend that you keep this booklet with your. 13 500 base plan or 14 085 00 if dental is elected.

If you run out of individual dollar bank and are required to self pay for your health benefits under the sheet metal 10 benefit fund the self pay amounts will be automatically drawn from your account in the safe plan. The health plan self contribution benefit. Cloud training facility july 20 and got a big surprise. For the past 35 years we have been providing administration and consultation services to health pension 401 k vacation and training funds.

If the amount in your dollar bank exceeds the amount required to fund 12 months of full. Steve raatikka who recently retired as business agent for sheet metal workers local 10 was lured to stop by the union s st. Dollar bank serves areas surrounding northeast ohio western pennsylvania and the hampton roads community in virginia. Sheet metal workers rename st.