Retiree Welfare Plan (RWP)

To be eligible for the Retiree Welfare Plan (RWP), you must:

  • You have reached age 55 and are retiring from active covered employment; AND
  • At the time you retire, you have ten (10) years of eligibility under the Midwest Operating Engineers Health and Welfare Plan; AND
  • You have ten (10) Vesting Service Years under the Midwest Operating Engineers Pension Plan; AND
  • You are receiving normal, early, or disability retirement benefits under the Midwest Operating Engineers Pension Fund; AND
  • Effective January 1, 2019, you must be a member in good standing and remain in good standing; AND.
  • Effective April 1, 2019, you must have:
    • Maintained continuous eligibility since at least April 1, 2016 or for 120 consecutive months (10 years) prior to your retirement date, whichever is less, under the Active Plan; AND

    • Work at least 800 hours—during which contributions were required to be made—each year for the five (5) Active Plan Years immediately preceding the Active Plan Year containing your effective date of retirement (with 40 hours allocated each week during periods of continuous disability, for periods that you are providing care for an immediate family member’s (parent, spouse, or child) serious health condition, or for periods of active military service. Please note: If you are caring for an immediate family member, you must be primarily responsible for this family member and their well-being).

    •  NOTE: If you are disabled, you will be allocated 40 hours each week to help you meet the 800-hour requirement. If you are caring and primarily responsible for a seriously ill parent, child, or spouse, you will be allocated 40 hours each week to help you meet the 800-hour requirement. If you are called to active military duty, you will also be allocated 40 hours each week to help you meet the 800-hour requirement. You must meet the 800-hour requirement to be considered eligible for Retiree Plan benefits. The hours are help you meet eligibility requirements and do not count towards any other benefits.

    • For the complete Summary of Material Modifications regarding the new eligibility requirement effective April 1, 2019, click here.

There are special rules if you are a Municipality Employee, a Railroad Employee, or awaiting a Workmen’s Compensation settlement. If you fall into these categories, call the Retirement Services Group at (708) 937-0327.

ATTENTION MARKETPLACE MEMBERS:  If you are considering retirement, its extremely important that you attend an Open Enrollment event prior to your selected retirement date.  This will be the last opportunity prior to retirement that you will be able to transfer credits from your Credit Bank to your Retiree Medical Savings Plan (RMSP) account.  Recall your RMSP account can be used to pay for your Retiree Welfare Premium if you are eligible for the RWP.  If you do not transfer enough credits during open enrollment, you will run out of your active credit bank until you transfer over to the RWP.  When you become eligible for retiree coverage, you are no longer eligible for weekly disability, death, or accidental dismemberment benefits (except Local 537; please call Fund Office for more information).

To help you save for healthcare expenses after retirement, the Fund provides The Retiree Medical Savings Plan (RMSP).

Retiree Health & Welfare Rates

Once you meet the eligibility requirements of the RWP, you must pay a monthly premium for healthcare benefits. You will have the choice of deducting this premium from your RMSP account or from your monthly pension check that you will receive from the Midwest Operating Engineers Pension fund. These rates are effective each July 1 and are adjusted each Plan Year. Please note, the monthly cost is per eligible member and eligible dependent.

  • GOOD NEWS!!! The rate schedule for July 1, 2018 through June 30, 2019 will remain the same.  Therefore, to view the rate schedule for July 1, 2017 through June 30, 2019, click here.

Maximum Annual Pharmacy Benefit

Under the RWP, there is a maximum annual pharmacy benefit of $30,000 first effective January 1, 2017. Click here to read more.

Medicare  – PLEASE READ

Once you become eligible for Medicare, Medicare will become your primary coverage and the RWP coverage will be secondary.  In addition, your monthly RWP premium will decrease once you attain Medicare age.   When you or your eligible dependent becomes Medicare eligible you must take Medicare Part A and Medicare Part B. For more information regarding the impact of Medicare, please click the sidebar.