February 2005 Retiree News

Transcripción

1199SEIU Retired Members Division
BULLETIN
330 West 42nd St. n New York, NY 10036 n (646) 473-8761 n www.1199nbf.org
In this issue
• 1199SEIU RMD
President’s
Message
Page 2
• 1199SEIU
Benefit & Pension
Funds Executive
Director’s
Message
Page 3
• NYC Calendar of
Events
Page 4
• Out of State
Retiree Chapters
Page 6
• Activist Page
A Message
from Your Union
Leadership
Page 7
• Year End
Financial
Statements for
Your Funds
Page 8
January 2006
Over 1,000 Retirees Celebrate at
the 2005 Anne Shore Holiday Party
More than one thousand
1199SEIU retired members
filled the New York Hilton on
December 15 at the annual
Anne Shore Holiday Party,
sponsored by the 1199SEIU
Benefit and Pension Funds.
Benefit Fund Director of
Member Programs June
Blain delivered a special
welcome message to the
retirees from Executive
Director Mitra Behroozi,
who was chairing the annual
Trustees budget meeting.
Among the other speakers
was RMD President John
Perkins, who told the crowd
how fortunate 1199SEIU
retirees are to have secure
health and pension benefits
while retirees around the
country are in danger of
losing theirs. “Our Union is
fighting not just for working
members, but for retirees
too,” said President Perkins.
1199SEIU SecretaryTreasurer George Gresham
encouraged retirees to
continue their activism and
stressed the importance
of retirees paying their $5
monthly dues to keep the
Union strong.
see additional images of the Holiday Party on page 10
Retiree-01-06**.indd 1
1/23/06 4:31:40 PM
1199SEIU RMD
President’s Message
Mensage Del Presidente
John Perkins
Dear Sisters and Brothers,
Now that the old year is past,
it is time to look forward to
2006. We have a lot of work
to do so I encourage you, more
than ever, to attend your local
chapter meetings to get up to
date information pertaining to
our benefits and the work of our
Union. Our active members have
serious challenges to face in the
coming months and we will have
to help them.
This month, we celebrate the
birthday of Martin Luther King
Jr., who called 1199 his favorite
Union. We can all learn from Dr.
King’s struggles to help working
people in this country and we
should all do our part to protect
our Union and our benefits. If
you have not already paid your
annual dues, please fill out the
form on page 7. We need to
keep our Union strong for the
challenges ahead.
Let’s have a healthy, happy and
prosperous 2006!
In Solidarity,
John Perkins
We Heard
You!
Queridos Hermanas y
Hermanos,
Ahora que este año se va,
esperamos con ansias la llegada del
2006. Nosotros tenemos mucho
trabajo por hacer y les exorto, ahora
mas que nunca, a que asistan a
sus capitulos locales para que se
mantengan informados con todo lo
que concierne a nuestros beneficios
y lo que la Union esta haciendo para
mantenerlos. Nuestros miembros
activos enfrentan grandes obstaculos
en los meses que se avecinan y
tenemos que ayudarlos a vencerlos.
En este mes celebramos el
cumpleaños de Martin Luther King
Jr., el cual llamo a la 1199 su union
favorita. Nosotros hemos aprendido
del Dr. King sobre su lucha constante
para ayudar a los trabajadores de
esta nacion y que debemos hacer
nuestra parte para tambien proteger
nuestra Union y nuestros beneficios.
Si usted todavia no ha pagado
su cuota anual, por favor llene la
forma en la pagina 7. Necesitamos
mantener nuestra Union fuerte para
enfrentar los obstaculos que se
avecinan.
Les deseo un prospero y saludable
año 2006!
En Solidaridad,
You may
have noticed
that this edition
of the Retired
Members Bulletin
has schedules and events for
January and February. That’s
because you told us you wanted
more information about Retired
Members Activities earlier. So,
starting in this edition, we will
list chapter meetings, classes,
trips, and other events a month
in advance. This will give you the
opportunity to take advantage of
all the programs your Benefit Fund
offers. Look for March’s events in
next month’s bulletin.
And as always, if you have
suggestions for new classes or
programs, we’d love to hear them.
John Perkins
January 2006
QUESTIONS? CALL: (646) 473-8761 • OUTSIDE NYC: (800) 575-7771
1/23/06 4:31:43 PM
A Message from
Mitra Behroozi
Executive Director of the
1199SEIU Benefit and Pension Funds
Dear Retired Member,
Querido Miembro Jubilado,
Over the past year, we’ve been making
changes to ensure we’re meeting all your
Durante el ultimo año, hemos estado
haciendo varios cambios para satisfacer
todos sus requisitos. Dentro de los Fondos,
hemos reorganizado nuestras operaciones
para serviles mejor. Nosotros estamos
constantemente tratando de mejorar para
probeherles siempre nuevas oportunidades a
nuestros miembros jubilados. En este nuevo
año nuestros jubilados tendran:
needs. Within the Funds, we’ve been
reorganizing our operations to serve you
better. We’re also constantly upgrading the
services we provide to you and developing
new opportunities for our retired members. In
this New Year, our retirees will have:
• A beautiful new space for our Retired
Members Division on the 9th floor at
330 West 42nd Street, between 8th and
9th Avenues in midtown Manhattan (in
the same building with our Benefit and
Pension Funds). The phone numbers
remain the same. In NYC: (646) 4738761; outside of NYC: (800) 575-7771.
• Un nuevo y espacioso departamento
localizado en el piso 9 en el 330 W
42nd Street, entre la 8 y 9 Avenida en
el Corazon de Manhattan (en el mismo
edificio de nuestros Fondos de Beneficios y
Pension). Los numeros de telefonos
seguiran siendo los mismos. En la ciudad
de Nueva York: (646) 473-8761; y fuera
de la ciudad : (800) 575-7771
• A new Statewide Coordinator for our
Florida chapters. Marilyn Silverberg,
who begins this month, brings a wealth
of experience and energy to our Florida
retirees. We wish her a warm welcome!
•
Una nueva coordinadora en nuestros capitulos de la Florida. Marilyn Siverberg, la cual comienza su labor este mes, llena de bastante experiencia y energia para nuestros jubilados de la Florida. Le deseamos una calurosa bienvenida!
• A Retired Members Bulletin that will
serve you better by allowing you to plan
a month in advance. Be sure to check
the calendar each month for activities
available to you as an 1199SEIU retiree.
•
Un Boletin para nuestros miembros jubilados
el cual llevara toda la informacion y
actividades necesarias para que usted
siempre se mantenga activo. No deje de
chequear el calendario en el boletin cada
mes para que se mantenga activo como
miembro jubilado de la 1199SEIU.
If you aren’t already active in your local
Retirees’ Chapter or participating in our
classes, trips and other events, please join us.
We look forward to seeing you in our new
space in this New Year!
Sincerely,
Si todavia no esta activo en su capitulo local, o
participa en las clases, paseos y otros eventos,
por favor animese y unase con nosotros.
Esperamos verlos pronto en nuestro nuevo
espacio en este ano nuevo!
Questions
About Medicare
Part D?
As you probably know, the
Medicare Part D prescription drug
benefit went into effect on January
1st. If you still have questions
about how Medicare Part D
affects you, please be sure to call
our Retiree Health Benefits Office
at (646) 473-8770.
Sinceramente,
January 2006
1/23/06 4:31:46 PM
JANUARY NYC CALENDAR & CHAPTER MEETINGS
All Classes are open to Retirees and free of charge
2
MONDAY
3
TUESDAY
10:30-11:30 Opera Appreciation 10-12
Photography
10:30-12
Drama Class
Class
12-1Art History Class 12-3Art Class
12-1:30
Discussion Group
1:30-4:30 Bridge Class
4
WEDNESDAY
5
10-12
Choral Group
11-12
10-12
Needlework (beg) 12
12:30-4:30 Needlework
3-5
(Inter./Adv.)
12:45
Movie Series
9
10
11
12
16
17
19
IN OBSERVANCE OF
Martin Luther
King’s Birthday
10-12
Photography
10:30-12
Drama Class
12-3Art Class
12-1:30
Discussion Group
18
23
24
25
26
Photography
10:30-12
Drama Class
Class
12-1:30
Discussion Group
OFFICE CLOSED
Photography
10:30-12
Drama Class
Class
12-1:30
Discussion Group
31
Photography
Class
10:30-12
Drama Class
12-1:30
Discussion Group
NEW HYDE PARK - ELEANOR TILSON
CHAPTER
L.I.J. Schneider Children’s Hospital
Cafeteria Room B & C*
269-01 76th Ave.
Tuesday, January 17, 2006
1:30 pm - 3:30 pm*
QUEENS - ST. ALBANS CHAPTER
Guy Brewer Democratic Club
197-01 Linden Blvd.
11:30 am - 1:30 pm
* Please Note Change
January 2006
10-12
Choral Group
11-12
10-12
Needlework (beg) 12
3-5
(Inter./Adv.)
2-4
Workshop: “Reading
Food Labels”
10-12
Choral Group
10-12
Needlework (beg.)
(Inter./Adv.)
12:45
Movie Series
10-12
Choral Group
10-12
Needlework (beg)
(Inter./Adv.)
2-4
Workshop: “Bone
Up on Calcium”
11-12
12
1-3
3-5
9:30-12
12
1-3
3-5
1199SEIU Retiree Movie
Series 2006
1st and 3rd Wednesdays – 12:45 PM
Jan. 4th – “The Color Purple” (1985)
Whoopi Goldberg (Part 1)
Jan. 18th – “The Color Purple” (1985)
Whoopi Goldberg (Part 2)
Yoga*
Luncheon
Sewing Class
Yoga*
Luncheon
Sewing Class
Yoga*
Luncheon
Birthday Party
Sewing Class
Exec. Committee
Meeting
Luncheon
General Memb.
Meeting
Sewing Class
6
10-12
13
10-12
20
10-12
10-2
27
10-12
FRIDAY
Quilting Class
Quilting Class
Quilting Class
Vision/Hearing
Screening
Quilting Class
VISION/HEARING SCREENING
10 AM – 11 AM
Friday, January 20th
330 West 42nd Street
9th Floor
NASSAU - MILTON KONOWE CHAPTER
1199SEIU Uniondale Office
50 Charles Lindbergh Ave., Ste. #602
Wednesday, January 18, 2006
11 am - 1 pm
EAST HARLEM - LEON DAVIS CHAPTER
Casita Maria Senior Center
55 East 102nd St.
Friday, January 27, 2006
10:30 am - 12 pm
N. BRONX - BERNARD MINTER CHAPTER
Aging in America
1500 Pelham Pkwy.
1 pm - 3 pm
BROOKLYN - MATTIE SMALL CHAPTER
(Brooklyn Cluster)
25 Elm Place (Bet. Fulton and Livingston Sts.)
11:30 am - 1:30 pm
BRONX - JOSEPH JAMES CHAPTER
1199SEIU Healthcare & Education Center
2501 Grand Concourse, Room 301
10 am - 12 pm
BROOKLYN - MARSHALL DUBIN CHAPTER
Brooklyn College - Student Center
Penthouse
East 27th Street & Campus Rd.
Wednesday, January 25, 2006
10:30 am - 12:30 pm
*Sponsored by HealthCare Partners, IPA
30
THURSDAY
1/23/06 4:31:48 PM
FEBRUARY NYC CALENDAR & CHAPTER MEETINGS
All Classes are open to Retirees and free of charge
MONDAY
TUESDAY
1
WEDNESDAY
2
THURSDAY
10-12
Choral Group
11-12
10-12
Needlework (beg) 12
3-5
(Inter./Adv.)
12:45
Movie Series
6
7
8
9
13
14
15
16
20
21
22
23
Photography
Class
10:30-12
Drama Class
12-1:30
Discussion Group
Photography
Class
10:30-12
Drama Class
12-1:30
Discussion Group
OFFICE CLOSED
IN OBSERVANCE OF
PRESIDENT’S DAY
28
Photography
10:30-12
Drama Class
Class
12-1:30
Discussion Group
NEW HYDE PARK - ELEANOR TILSON
CHAPTER
L.I.J. Schneider Children’s Hospital
Cafeteria Room B & C*
269-01 76th Ave.
Tuesday, February 21, 2006
1:30 pm - 3:30 pm*
QUEENS - ST. ALBANS CHAPTER
Guy Brewer Democratic Club
197-01 Linden Blvd.
11:30 am - 1:30 pm
* Please Note Change
10-12
Choral Group
10-12
Needlework (beg.)
(Inter./Adv.)
12:45
Movie Series
11-12
12
1-3
3-5
10-12
Choral Group
9:30-12
10-12
Needlework (beg)
12
(Inter./Adv.)
1-3
3-5
1199SEIU Retiree Movie
Series 2006
1st and 3rd Wednesdays – 12:45 PM
Feb. 1st – “Men In Black” (1997)
Will Smith
Feb. 15th – “48 Hours” (1982)
Eddie Murphy
Yoga*
Luncheon
Sewing Class
Yoga*
Luncheon
Birthday Party
Sewing Class
Exec. Committee
Meeting
Luncheon
General Memb.
Meeting
Sewing Class
10-12
10
10-12
17
10-12
10-2
24
10-12
Quilting Class
Quilting Class
Quilting Class
Vision/Hearing
Screening
Quilting Class
VISION/HEARING SCREENING
10 AM – 11 AM
Friday, Februay 17th
9th Floor
NASSAU - MILTON KONOWE CHAPTER
1199SEIU Uniondale Office
50 Charles Lindbergh Ave., Ste. #602
Wednesday, February 15, 2006
11 am - 1 pm
EAST HARLEM - LEON DAVIS CHAPTER
Casita Maria Senior Center
55 East 102nd St.
Friday, February 24, 2006
10:30 am - 12 pm
N. BRONX - BERNARD MINTER CHAPTER
Aging in America
1500 Pelham Pkwy.
1 pm - 3 pm
BROOKLYN - MATTIE SMALL CHAPTER
(Brooklyn Cluster)
25 Elm Place (Bet. Fulton and Livingston Sts.)
11:30 am - 1:30 pm
BRONX - JOSEPH JAMES CHAPTER
1199SEIU Healthcare & Education Center
2501 Grand Concourse, Room 301
10 am - 12 pm
BROOKLYN - MARSHALL DUBIN CHAPTER
Brooklyn College - Student Center
Penthouse
East 27th Street & Campus Rd.
Wednesday, February 22, 2006
10:30 am - 12:30 pm
*Sponsored by HealthCare Partners, IPA
27
10-12
Photography
10:30-12
Drama Class
12-3Art Class
12-1:30
Discussion Group
10-12
Choral Group
11-12
10-12
Needlework (beg) 12
3-5
(Inter./Adv.)
Yoga*
Luncheon
Sewing Class
3
FRIDAY
January 2006
1/23/06 4:31:50 PM
OUT OF STATE RETIREES
SOUTH FLORIDA CHAPTERS
• Broward – Tuesday, January 10th and Tuesday, February 7th
– 12:00 noon
Tamarac Library
8701 West Commercial Blvd., Tamarac
• West Palm Beach – Wednesday, January 4th and Wednesday,
Februrary 1st – 12:00 noon
Jewish Community Center
3151 N. Military Trail
• South Palm Beach – Thursday, January 12th and Thursday, February
9th – 12:00 noon
Temple Emeth
5780 W. Atlantic Ave.
MIAMI-DADE CHAPTER
Friday, Februay 10th
10:30 AM to 12:30 PM
15-25 NW 167th Street
Suite 300
Miami, Florida
ORLANDO CHAPTERS
Thursday, January 12th
Thursday, February 9th
11:00 AM to 1:00 PM
Casselberry Public Library
215 North Oxford Rd.
Casselberry, Florida
N & S CAROLINAS CHAPTER
Friday, February 17th
9:30 am to 12:00 pm
Birnie Hope Center
210 South Purdy Street
Sumter, SC
Thursday, January 19th
Thursday, February 16th
11:00 AM to 1:00 PM
Downtown Orlando
Local 8 SEIU Headquarters
7001 Lake Ellenor Drive
Orlando, Florida
Your Benefit Fund
Can Help You
Make Healthy
Changes for the
New Year
Here’s a suggestion for how to
start off 2006 on the right foot—or
feet: exercise. Regular exercise
can help keep your weight down,
your heart beating well, your
lungs functioning properly, your
blood circulating as it should, and
your energy high.
You can start the New Year right
by joining other retirees on
Thursdays at 11:00 am for our
yoga class at the Retired Members
Division. Or, if you prefer to
exercise at a gym, our Benefit
Fund now offers a discount fitness
program through Globalfit. Simply
call GlobalFit at (800) 294-1500
or visit GlobalFit on the Internet at
www.globalfit.com, and you can
join a local fitness club at up to
60% off the regular monthly rates.
Be sure to talk to your doctor first
before starting any new physical
activity or exercise program.
Nonnie B. Perry
(803) 481-0475
January 2006
1/23/06 4:31:54 PM
A Message From Your Union Leadership
Millions of our fellow retirees all across our country—many who fought
and won good Union contracts— are now faced with severe cuts and
even the loss of their pensions and healthcare benefits. General Motors,
Ford Motor Company, Verizon, United Airlines—the same terrible story
is being repeated.
Activist page
Un Mensaje del Liderato de la Union
Millones de nuestros compañeros jubilados de la nacion – muchos de
ellos que pelearon y ganaron buenos contratos de la union – estan ahora
enfrentandose a severos recortes y hasta la perdida de sus pensiones y
beneficios de salud. Las compañias General Motors, Ford Motor, Verizon,
United Airlines – repiten esta terrible historia una y otra vez.
1199SEIU members and retirees are blessed. Even as most of the rest of Los miembros activos y jubilados de la 1199SEIU son bendecidos. Apesar
the labor movement is shrinking, our Union is continuing to grow, and que el movimiento laborar esta en desenso, nuestra union continua creciendo,
y ganando buenos contratos.
to win good contracts.
It has been a tradition of our Union to insist that our retired members get
the same increased contribution to their healthcare benefits as working
members. This has been a principle for us and it will continue to be a
principle.
But we can only continue to do this by keeping our
Union strong. This means strong not only in terms
of numbers and in terms of determination but it
also means having the financial strength to win
our campaigns.
Ha sido una tradicion para nuestra union insistir que nuestros miembros
jubilados tengan el mismo incremento en beneficios de salud que nuestros
miembros activos. Esto ha sido muy importante para nosotros y lo seguira
siendo.
Isn’t it worth $5 a month
to safeguard your health
coverage and pensions?
1199SEIU retirees do not have compulsory dues. We ask for $5 a month
from you, but this is a voluntary contribution. We know that our retirees
are proud of their Union. We believe that most retirees would be happy
to pay their $5 a month because it allows us to continue winning the
best retiree healthcare benefits and pensions in the country.
Solo podemos continuar haciendo esto, si nuestra
union se mantiene fuerte. Esto significa fuerte no
solamente en terminos de numeros, pero tambien
en terminos de determinacion y teniendo la fuerza
financiera para ganar todas nuestras campañas.
Los miembros jubilados no tienen una cuota obligatoria que pagar. Solamente
les estamos pidiendo $5 dolares al mes, pero esto es solo una contribucion
voluntaria. Nosotros sabemos que nuestros jubilados estan orgullosos de
su union. Tambien creemos que la mayoria de nuestros jubilados estarian
contentos de pagar los $5 dolares al mes, por que esto nos ayudaria a
continuar luchando por los mejores beneficios de salud y pension para
nuestros miembros en la nacion.
You can even sign up to have your dues automatically deducted from
your pension check, which takes no effort at all on your part.
Usted puede inscribirse y decidir que su cuota sea automaticamente deducida
de su cheque mensual de pension, lo cual seria mas facil para usted.
Isn’t it worth $5 a month to safeguard your health coverage and
pensions when all around us, other workers are losing theirs? Talk No cree usted que vale la pena contribuir $5 dolares para proteger sus
about getting a good return on your investment. There is no better deal beneficios de salud y pension cuando otros trabajadores lo estan perdiendo?
than this.
Piense en los beneficios recividos por su inversion. No hay mejor inversion
que esta.
Please fill out the dues form below, and return it to us. Your contributions
Por favor llene la forma que aparece debajo, y envienla de vuelta. Sus
keep our Union strong.
contribuciones mantienen nuestra union fuerte.
RMD Dues check-off authorization Form
To have your union dues deducted automatically from your pension check,
please clip this coupon and return it to:
1199SEIU – Retiree Dues
310 West 43rd Street
New York NY 10036.
I hereby authorize 1199SEIU United Healthcare Workers East, to file this checkoff authorization on my behalf with the 1199SEIU Pension Funds to withhold
(check one of the following):
❏ $5 per month
❏ $2 per month
or
❏ Other amount $__________/month
from my pension benefit payment and to forward that amount to 1199SEIU
United Healthcare Workers East, so that I may be considered a member in good
standing of the Retirees Division of 1199SEIU. $2 per month is the minimum
amount necessary to be a member of the Retirees Division, but I may voluntarily
choose to contribute any higher amount.
This authorization is voluntarily made and may be revoked at any time. I
understand that I am not required to sign this authorization form and pay these
dues in order for me to receive my pension benefits from the 1199SEIU Pension
Funds. This authorization shall remain in full force and effect until revoked by me
in writing.
Signature:_ ___________________________________________________
Date:_ _______________________________________________________
Name:_______________________________________________________
Address:_____________________________________________________
____________________________________________________________
City/State/Zip Code:____________________________________________
Employer/Institution:____________________________________________
Telephone #:_ _________________________________________________
Email:________________________________________________________
SS#:_________________________________________________________
this page is paid for by 1199seiu United healthcare workers east
January 2006
1/23/06 4:31:56 PM
2004
Year End Financial Statements
1199SEIU Benefit and Pension Funds 2004 Summary Annual Report
The work of our 1199SEIU Family of Funds is remarkable in scope. Together, our Funds provide an unparalleled range of benefits including
health coverage, pension benefits, job training, education and affordable child care to our 1199SEIU members across all fields of health
care – in hospitals, nursing homes and home care. For each industry, there are several dedicated Funds and together, our collective benefits,
programs and services cover nearly half a million lives.
Our Family of Funds has never been stronger, and in 2004 we provided more benefits to you, our members, than ever before. In this document,
you’ll find an overview of the financial information for your Funds, which we are required by law to make available to you each year. These
reports have also been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required by the Employee
Retirement Income Security Act of 1974 (ERISA).
Summary Annual Report for the 1199SEIU National
Benefit Fund For Health And Human Service
Employees
EIN 13-1628401, Plan No. 501 for the period of January 1, 2004 to December 31, 2004
Insurance Information
The plan has a contract with Amalgamated Life Insurance Company and
Guardian Life Insurance Company of America to pay Life Insurance and AD&D
claims incurred under the terms of the plan. The total premiums paid for the plan
year ending December 31, 2004 were $469,558.
Because Amalgamated Life Insurance Company is a so-called “experiencerated” contract, the premium costs are affected by, among other things, the
number and the size of the claims. Of the total insurance premiums paid of the
above plan year, the premiums paid under such “experience-rated” contracts
were $6786687 and the total of all benefit claims paid was $4,823,767.
Basic Financial Statement
The value of plan assets, after subtracting liabilities of the plan, was
$183,410,872 as of December 31, 2004 compared to $241,071,302 as of
January 1, 2004. During the plan year, the plan experienced a decrease in
its net assets of $57,660,430. 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.
During the plan year, the plan had total income of $834,097,735. This income
included employer contributions of $813,874,296, COBRA contributions of
$3,079,241, realized gains of $7,260,633 from the sale of assets and earnings
from investments of $6,649,524. Plan expenses were $891,758,165. These
expenses included $66,245,509 in administrative expenses, $820,341,425 in
benefits paid on behalf of participants and beneficiaries and $5,171,231 paid to
insurance carriers for provision of benefits.
Summary Annual Report for the 1199SEIU Health Care
Employees Pension Fund
EIN 13-3604862, Plan No. 001 for the period of January 1, 2004 to December 31, 2004
Benefits under the plan are provided by a trust and insurance. Plan expenses
were $370,286,778. These expenses included $56,593,298 in administrative
expenses and $313,693,480 in benefits paid to participants and beneficiaries.
A total of 181,403 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.
$7,305,093,556 as of December 31, 2004 compared to $6,510,262,487 as
January 2006
Summary Annual Report for the 1199SEIU Greater
New York Benefit Fund
EIN 13-6125570, Plan No. 501 for the period of January 1, 2004 to December 31, 2004.
Insurance Information
The plan has a contract with Amalgamated Life Insurance Company to pay
Life Insurance and Accidental Death & Dismemberment claims incurred under
the terms of the plan. The total premiums paid for the above plan year were
$720,000.
Because it is a so-called “experience-rated” contract, the premium costs are
affected by, among other things, the number and size of claims. Of the total
insurance premiums paid for the above plan year, the premiums paid under such
“experience-rated” contracts were $678,857 and the total of all benefit claims
paid was $563,213.
The value of plan assets, after subtracting liabilities of the plan, was $9,441,268
as of December 31, 2004 compared to $30,696,882 as of January 1, 2004.
During the plan year the plan experienced a decrease in its net assets of
$21,255,614. 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. During the plan year,
the plan had total income of $124,174,495. This income included employer
contributions of $122,251,426, COBRA contributions of $499,323, realized
gains of $53,170 from the sale of assets and earnings from investments of
$346,066. Plan expenses were $145,430,109. These expenses included
$10,179,846 in administrative expenses and $135,250,263 in benefits paid on
behalf of participants and beneficiaries.
of January 1, 2004. During the plan year the plan experienced an increase in
its net assets of $794,831,069. This increase includes unrealized appreciation
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 $1,165,117,847, including employer contributions of
$259,107,041, gains of $108,021,441 from the sale of assets and earnings from
investments of $783,007,207.
Minimum Funding Standards
An actuary’s statement shows that enough money was contributed to the plan to
keep it funded in accordance with the minimum funding standards of ERISA.
1/23/06 4:31:57 PM
Summary Annual Report for the 1199SEIU Greater
New York Pension Fund
Summary Annual Report for the 1199SEIU Home Care
Employees Pension Fund
EIN. 13-6601940, Plan No. 001, for the period of January 1, 2004 to December 31, 2004.
EIN 13-3943904, Plan No. 001, for the period of January 1, 2004 to December 31, 2004
Benefits under the plan are provided by a trust (benefits are provided in whole
from trust funds). Plan expenses were $32,047,247. These expenses included
$6,310,996 in administrative expenses and $25,736,251 in benefits paid to
participants and beneficiaries. A total of 28,518 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.
Benefits under the plan are provided by a trust and insurance. Plan expenses
were $8,222,130. These expenses included $3,615,636 in administrative
expenses and $4,606,494 in benefits paid to participants and beneficiaries. A
total of 58,349 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.
January 1, 2004. During the plan year, the plan experienced an increase in
plan had total income of $55,397,486, including employer contributions of
$7,083,795, gains of $2,918,332 from the sale of assets and earnings from
January 1, 2004. During the plan year the plan experienced an increase in
plan had total income of $33,976,923, including employer contributions of
14,382,570, gains of $1,256,365 from the sale of assets and earnings from
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 percent of the plan assets;
5. Insurance information including sales commissions paid by
insurance carriers;
6. Information regarding any common or collective trusts, and 103-12
investment entities in which the plan participates; and
7. Actuarial information regarding the funding of the Plan
(for Pension Funds only).
To obtain a copy of the full annual report, or any part thereof, write or
call your Fund office at:
1199SEIU Benefit and Pension Funds:
330 West 42nd Street, 27th Floor, New York NY 10036
The charge to cover copying costs will be $0.25 per page.
You also have the legally protected right to examine the annual report
at the main office of the plan and at the U.S. Department of Labor in
Washington, D.C., or to obtain a copy from the U.S. Department of
Labor upon payment of copying costs. Requests to the Department
should be addressed to: Public Disclosure Room, Room N1513,
Employee Benefits Security Administration, U.S. Department of Labor,
200 Constitution Avenue, N.W., Washington, D.C. 20210.
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, or a statement of income and expenses
of the plan and accompanying notes, or both. If you request a copy of
the full annual report from the plan administrator, these two statements
and accompanying notes 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.
www.1199nbf.org
January 2006
1/23/06 4:31:57 PM
2005 Anne Shore Holiday Party Volunteers
A special thanks to our volunteers:
Bernice Jackson *
Bernard White *
Urizene Drysdale
Juanita Minton
Sarah Taylor
Herbert Hicks *
Mary Gresham
Lena Hayes *
Christina Casseberry
Clifford Rutherford
Louise Jonsson
Miriam Brown
Charlotte Rubenstein *
Joyce Beadle
* not pictured
June Blain
Director of Member Programs
10 January 2006
John Perkins
Retired Members Division President
George Gresham
Secretary-Treasurer
1199SEIU United Healthcare Workers East
1/23/06 4:32:03 PM
11
January 2006
1/23/06 4:32:11 PM
Presorted
First Class Mail
U.S. Postage
PAID
New York, NY
Permit No. 3700
1199SEIU Benefit & Pension Funds
New York, NY 10036-6977
address service requested
UPCOMING EVENTS/TRIPS
ATLANTIC CITY
CLARIDGE CASINO
Monday, January 23, 2006
Monday, February 27, 2006
Pay $18 Get $17 Back
Manhattan - 9:00 AM
1199SEIU - 330 West 43rd St.
(Bet. 8th and 9th Avenues)
Vianka Biales (646) 473-8756
Brooklyn - 8:30 AM
Brooklyn Cluster - 2 Elm Place
(Bet. Fulton & Livingston Sts.)
Lena Hayes (718) 624-1363
St. Albans - 8:30 AM
197-01 Linden Boulevard
Clifton Rutherford
(718) 657-8348
For additional departure sites please contact
the RMD main office at (646) 473-8756.
ALL PAYMENTS MUST BE MADE BY CHECK OR MONEY ORDER ONLY. For ALL TRIP reservations and information contact
Vianka Biales at (646) 473-8756. Only trips listed in this Bulletin are sponsored by the Retired Members Division.
1/23/06 4:32:12 PM

February 2005 Retiree News

Transcripción

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