Benefits are paid as a monthly annuity or monthly payment.
Reired sheet metal workers dental benefits.
All fund assets are held in one trust for the benefit of participants.
This summary of benefits has been prepared as an informal document to summarize the main features of the benefitsprovided to eligible retired members of the sheet metal workers local union 30 welfare plan the plan.
There are no individual accounts.
However if there is other dental and vision coverage mo kan will pay secondary.
The sheet metal workers national pension fund is a defined benefit pension fund.
At retirement members may continue their health dental coverage.
Supplementary health care and dental benefits are not insured.
Sheet metal workers local 2 benefits and perks including insurance benefits retirement benefits and vacation policy.
The working spouse incentive program at mo kan sheet metal workers welfare fund was implemented in january 2011 and has saved the fund and its members a considerable amount of money over the 7 years it has been offered as a benefit.
Summary of benefits retired member option b as of january 1 2020 p age 1 table of contents.
Reported anonymously by sheet metal workers local 2 employees.
They are self funded and supported by the assets of the sheet metal workers local 30 welfare fund only.
The fund provides you and your dependents with coverage for dental services as outlined in the schedule of benefits for non medicare eligible retirees and schedule of benefits for medicare eligible retirees.
You must satisfy your calendar year deductible before the fund pays its percentage of your covered dental benefits.
Life insurance is insured by manulife financial under policy number 901884.
The goal of the local 47 pension fund is to provide members with a meaningful retirement income.
Pension contributions will be remitted by on a member s behalf beginning with the 1 st year of apprenticeship for a sheet metal worker.