To be eligible for the Retiree Health and Welfare Plan, you must:
1. Be eligible for Health and Welfare Plan coverage in the active plan on your retirement date;
2. Have at least 10 years of service in the Pension Plan; and
3. Have at least 40 quarters of eligibility in the active Health and Welfare Plan.
If you have a bank of hours to run out for active coverage on your retirement date, your retiree eligibility will begin when you no longer have sufficient hours for active coverage. 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). You must pay a monthly premium for healthcare benefits.
Once you become eligible for Medicare, Medicare will become your primary coverage and Fund coverage will be secondary, which will reduce your monthly payment for the Retiree Health and Welfare Plan. When you become Medicare eligible you must take Medicare Part B. Click here for more details regarding Medicare Part B.
To help you save for healthcare expenses after retirement, the Fund provides The Retiree Medical Savings Plan (RMSP).
These rates are effective each July 1 and are adjusted each Plan Year. Please note, the monthly cost is per eligible member and dependent. Click here to view the current rate schedule.
Retirees, the Board of Trustees recently increased your maximum annual benefit for 2015 and 2016. Click here to read more.