All 1099-Rs were mailed on January 23, 2023. Get Excavators Union Pension Fund reviews, rating, hours, phone number, directions and more. Eligibility requirements for each type of pension are explained in this section. Find information about the Welfare, Pension, Annuity and Training Funds and the Supplemental Benefit Program. All Rights Reserved. The most current Benefit Accrual Rates are as follows: Pension and Bonus Credits earned on or after: However, if you meet certain requirements, you may be able to increase the Benefit Accrual Rate associated with your Past Pension and Bonus Credits as follows: Or You worked at least 1,000 hours in each of two consecutive Plan Years between: Note: If you have incurred a period of five or more years in which you failed to earn at least Pension Credit, the Benefit Accrual Rates for Separate Periods of Employment sectionwill apply. The Board of Trustees are pleased to bring you this website regarding the benefit programs through Teamsters Local 731. Health & Welfare Fund Pension Fund endstream endobj startxref Visit Website. Fill out an Order Form. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. In addition, if you were hired after January 1, 2002 subsequent to working for an employer in the building construction trades that made contributions on your behalf to another union sponsored employee benefit plan, you will be credited with Vesting Service under this Plan for your time with the other plan. Read i-Remit coordinates remittance entry and payment information in one easy solution. Dallas, Texas 75380-3415, Office: (972) 233-4458 You are also entitled to Pension and Bonus Credits when you are absent from work because you are serving in the Uniformed Services of the United States in accordance with the Uniformed Services Employment and Reemployment Act of 1994. 2023 Teamsters Local 731 Scholarship winners. This form includes a condential patient prole section for you and any family members. Teamsters Joint Council 25 Women's Committee Application. Summary Plan Description (SPD) - Garage Attendants, Linen & laundry Welfare - June 2016. Benefits Funds Site Find information about the Welfare, Pension, Annuity and Training Funds and the Supplemental Benefit Program. Bonus Credits for working 1,500 hours or more will not be counted toward your Vesting Service or eligibility for a pension. However, if you have been credited with Years of Vesting Service due to work for which no contributions were made to this Plan, to be eligible for an unreduced Regular Pension (as early as age 55) based on Years of Vesting Service you may need at least 10 Years of Vesting Service and five or more Pension Credits (see How you earn a pension). You will see instructions for logging in after you click on the link to the site you would like to visit. Have your doctor write your prescription for the number of days your plan allows for mail service (for example, 90 days). Mailing Address: 2022 Scholarship Awards Announcement - June 2022, 2021 Scholarship Awards Announcement - June 2021, 2020 Scholarship Awards Announcement - August 2020, 2019 Scholarship Awards Announcement - July 2019, 2018 Scholarship Awards Announcement - July 2018, 2017 Scholarship Awards Announcement - August 2017, 2016 Scholarship Awards Announcement - July 2016, 2015 Scholarship Awards Announcement - July 2015, 2014 Scholarship Awards Announcement - July 2014, 2013 Scholarship Award Announcement - July 2013, Health Insurance Coverage Outside of the United States, Glossary of Health Coverage and Medical Terms, Affordable Care Act Requirement - Social Security Numbers Needed, Marketplace Form - Excavating, Grading and Asphalt Welfare, Marketplace Form - Garage Attendants, Linen & Laundry Welfare, Marketplace Form - Private Scavengers Welfare, 2023 Spring Wellness Event - Announcement, Summary of Material Modifications Remember, Bonus Credits earned for working more than 1,499 hours per year do not count toward your Vesting Service or pension eligibility requirements. Find information about Local 731, wage rates, upcoming events and more. Please email your suggestions to info@ibt731funds.org, mail them to the Fund Office, or call Therisa at (630) 887-4150. If you have a question that is not listed here, please let us know and we will add it to this section. The app offers digital copies of members insurance cards, that can be emailed instantly to doctors, or pharmacists. You receive Bonus Credits for your hours (1,500 or more in a Plan Year) worked after June 1, 1986. Errors are noted below: Thanks for reaching out. Which site would you like to visit today? How To Use This Site. Deferred Pension benefits are calculated the same way as Regular or Early Pension benefits. However, your Reciprocal (Partial) Pension benefit will be calculated based on the actual hours you worked during the Plan Year. 2023 Summary of Benefits and Coverage (SBC), Health Insurance Coverage Outside of the United States - January 2015, Glossary of Health Coverage and Medical Terms - September 2017, Epic Hearing Benefit Summary - January 2023, Affordable Care Act Requirement - Social Security Numbers Needed - July 2015, Marketplace Form - Excavating, Grading and Asphalt Welfare - September 2013, Marketplace Form - Garage Attendants, Linen & Laundry Welfare - September 2013, Marketplace Form - Private Scavengers Welfare - September 2013, Women's Cancer Act Notice - December 2022, Privacy Permission Form for Family Members, Children's Health Insurance Program Reauthorization Act of 2009 (CHIPRA), Genetic Information Nondiscrimination Act (GINA), Qualified Medical Child Support Order Procedures, Newborns and Mothers Health Protection Act, Member Assistance Program Flyer - July 2020, 2023 Spring Wellness Event - Announcement - January 2023, Summary of Material Modifications 28 0 obj <>stream 175 Employees . Privacy Notice. P.O. This website cannot be reproduced without express written permission from the Teamsters Local 731 Health/Welfare and Pension Funds. Local 731 Training Fund 3411 35th Avenue Astoria, NY 11106 Mason Tenders Training Center 42-53 21st Street Long Island City, NY 11101 Laborers' Local 17 Training and Educational Trust Fund 451C Little Britain Road Newburgh, NY 12550 Laborers' Local 91 Educational and Training Fund 4500 Witmer Industrial Estates Niagara Falls, NY 14305 A defined benefit plan is traditionally referred to as a "pension plan." This type of plan typically provides participants with a monthly retirement benefit upon reaching a specific age for either a specific period of time, or for the Participant's lifetime, depending upon the form of benefits offered by the plan and selected . For more than 50 years, LNPF has been Your pension benefit may be calculated by using more than one Benefit Accrual Rate if: You do not meet the work requirement to increase the Benefit Accrual Rate for your Past Pension and Bonus Credits; or. B. of T. EXCAVATORS AND PAVERS PENSION FUND 1000 Burr Ridge Parkway Burr Ridge, Illinois 60527 Telephone: 630.887.4150 Fax No. You will need Adobe Acrobat to view these files. 2008-2023 Sovereign Wealth Fund Institute. Normal Retirement Age Pension Eligibility. New ID Cards are being issued by Blue Cross Blue Shield of Illinois as well as a new Combined ID Card with all services is being reissued by the Fund Office.The reason for the re-issue is for compliance with the Consolidated Appropriations Act of 2021 (No Surprises Act). Please note that not everyone is eligible for an Early Pension at age 50. Note: You need to go to the Benefits Funds site and log in to see the class schedule and other Training Fund information. You earn one Year of Vesting Service for each Plan Year (June 1 to May 31) you work at least 870 hours. Follow the system prompts and assign yourself a password. Dallas, Texas 75244, Mailing Address: Region: North America. You must have earned at least five Years of Vesting Service to earn the right to a pension at retirement. Name: Teamsters Local 731 Health/Welfare and Pension Funds. The Funds' website may provide links providing direct access to other internet resources. However, if before becoming vested, you incur any temporary Breaks in Service of one or more years, you must return to Covered Employment after this Break in Service and reestablish participation by working at least 870 hours in Covered Employment to become vested. If you delay receiving benefits past your Normal Retirement Age, your monthly pension benefit will be actuarially increased for each complete calendar month past your Normal Retirement Age during which you are not working in Disqualifying Employment. Which site would you like to visit today? Toll Free: (866) 906-0200 (for plan participants only) Find information about Local 731, wage rates, upcoming events and more. except for Holiday Closings. Please email your suggestions to info@ibt731funds.org, mail them to the Fund Office, or call Therisa at (630) 887-4150. Click below to learn more! Withdrawal Card Request. Local 731 represents different Crafts with different Collective Bargaining Agreements. Health & Welfare Fund Pension Fund If you desire to do more, however, the Teamsters Union affords you that wonderful opportunity. court, Cover letters for: Pre-approval, Submission to the Judge, and Qualification, Benefits accrued under this Plan are primarily flat dollar (includes dollars per year of service). Bonus Credits are granted in a Plan Year after June 1, 1986. When you retire, your monthly pension benefit will be calculated using all of the Pension and Bonus Credits you have earned. However, pension benefits will begin on April 1 of the year that follows the calendar year in which you reach age 70. Health Welfare and Pension Fund Office 1000 Burr Ridge Parkway - Suite 301 Burr Ridge, IL 60527 T: (630) 887-4150 Write the member identication number, patient name and patient date of birth on the back of each prescription. P.O. If you have earned at least 10 Years of Vesting Service or 10 Pension Credits, you may be eligible to retire earlier than age 65. CALL US, CONTACT The Teamsters Local 731 Health/Welfare and Pension Funds (The Funds) provide this website as a service to its participants. Note: You need to go to the Benefits Funds site and log in to see the class schedule and other Training Fund information. The company is headquartered in Burr Ridge, Illinois. Check your order as soon as possible. You earn one To view Pension Notices, click here to login. About; . affiliated Local Benefits are generally payable to a participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Toll Free: (877) 233-LNPF (5673) Forms. Health Fair - August 2019, Summary of Material Modifications - December 2018, New Prescription Drug Provider Effective February 1, 2018, Summary of Material Modifications - October 2018, Summary of Material Modifications - September 2017, Summary of Material Modifications - February 2017 (Updated 8/11/17), Health Plan Improvements - November 2015, Health Plan Improvements - Diabetes Benefit - July 2014, New Diagnostic Imaging Network - October 2013, Summary of Material Modifications - June 2010, Benefit Provider Contact Information - November 2020, At-Home COVID Test Reimbursement Form - January 2022, Over-the-Counter COVID Test Information - January 2022, EmpiRx Direct Member Reimbursement Form - January 2022, New Prescription Drug Provider Effective October 1, 2020 - October 2020, EmpiRx Processing Information - October 2020, EmpiRx Personal Representative Form - October 2020, Absolute Solutions Member Flyer - July 2020, Sleep Apnea Equipment & Supplies - January 2015, If you are unsure which Welfare Plan you belong to, please contact the Fund Office at (630) 887-4150, Summary Plan Description (SPD) Excavating, Grading and Asphalt Welfare - June 2016, Summary Plan Description (SPD) Garage Attendants, Linen & laundry Welfare - June 2016, Summary Plan Description (SPD) Private Scavengers Welfare - June 2016, 2021 Wellness Program Explained - February 2021, Health Spending Account Reimbursement Form. Unions and District Councils, primarily in the pipeline, building and construction industries. If you worked in reciprocal service and are entitled to credit for Vesting Service, your actual number of hours you worked in reciprocal service will be combined with your hours you worked for contributing employers under this Plan in determining whether you met the 870-hour requirement to be credited with a Year of Vesting Service.