Dollar Bank In The Sheet Metal 10 Benefit Fund

Sheet metal workers rename st.

Dollar bank in the sheet metal 10 benefit fund.

The maximum amount that can accrue in any dollar bank is still twelve months of coverage i e. This booklet is designed to help you understand the benefits available to you. 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. There are certain expenses that your plan does not cover.

Steve raatikka who recently retired as business agent for sheet metal workers local 10 was lured to stop by the union s st. Cloud training facility july 20 and got a big surprise. Once your reserve dollar bank has accumulated over 10 000 you may use the excess for eligible health related expenses. If the amount in your dollar bank exceeds the amount required to fund 12 months of full.

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. Cloud training center in honor of business agent steve raatikka. At the end of each year the union office will calculate the premium required to pay for full coverage for 12 months. A crowd of union colleagues contractors and family members had gathered there to celebrate the unveiling of a new.

We currently have 102 employees with offices in milwaukee madison deforest and waukesha. We urge you to read the booklet and share it with your family. For the past 35 years we have been providing administration and consultation services to health pension 401 k vacation and training funds. Your december 31 2019 hour bank will be converted to dollars.

The only way to avoid this transfer is to cancel coverage in the sheet metal 10 benefit. Also we recommend that you keep this booklet with your. Dollar bank serves areas surrounding northeast ohio western pennsylvania and the hampton roads community in virginia. 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. Jost founded benefit plan administration of wisconsin inc. And lee jost and associates in 1981. For example if you currently have a maximum bank of 1 620 hours your dollar bank will be 13 500 on january 1 2020.

13 500 base plan or 14 085 00 if dental is elected. Sheet metal i air rail i transportation local 36 benefit funds 2319 chouteau ave suite 300 st. 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. This link redirects you to a website that dollar bank does not maintain.