F77 Working Retirees
One of our Retirees notified us in writing that he is now working as a Greeter at Meijer. How many hours can he work without having his pension benefits suspended?
As many as he wants. This work is outside of the trade and will not have any impact on his pension benefits.
How much money does the Fund receive every month from employee contributions for Pension Benefits?
$0. No employee contributions are required or accepted by the Plan
What does QDRO stand for?
Qualified Domestic Relations Order
How and when should you transfer your ADP code?
ADP>Transfer>Fund>Project
Whenever you are working on another Fund or project outside of your default Fund for more than 15 minutes or within a schedule period
What year was the Michigan Laborers' Pension Fund Plan created?
1968
There was an SMM published for the period January 1, 2020 through December 31, 2020. What were the main changes in this notice?
Temporary Waiver of Suspension of Benefits Rule for those who:
-retired before April 1, 2017
-returned to work only as a Laborer for a contributing employer who confirmed in writing
-loss of STB
When is Cut-Off for August?
August 23, 2023
What does ERISA stand for?
The Employee Retirement Income Security Act of 1974
Who is our Chief Information Officer?
Ryan Sylvester
List the Locals under the Michigan Laborers
355
499
1075
1076
1098
1191
1329
Mr. Jones calls in because he heard on the job that he can go back to work for 50 hours a month and keep his pension check. The SPD says no more than 40 hours. Another co-worker told him that it is only 25 hours. What document governs any discrepancies or inconsistencies like this?
The Plan Document.
You have received a Direct Deposit form for a member and are processing it on August 18, 2023. There is no voided check included. How will they receive their next payment? When can they expect it? What benefits will be paid?
Their September 2023 benefits will be paid to them via paper check mailed on August 25, 2023 to be payable on September 1, 2023.
What does LiUNA stand for?
Laborers' International Union of North America
From today, how many business days until our Go Live date for Michigan Laborers?
25
What is the difference between an SMM and an Amendment?
SMMs modify the SPD, Amendments are official modifications to the Plan
A working retirees need to be aware of the Jurisdiction in which they are working. Which Local's Jurisdiction does Montcalm County fall under and who is their Business Manager?
The 355 in Battle Creek. Arlandar Washington.
October 1st falls on a weekend, when will October benefits be paid?
Deposits occur on the 1st of each month, unless the 1st falls on the weekend or a Federal Holiday, in which case the deposit occurs on the weekday prior to the 1st.
SMM
What does it mean? What is it? Where can you find it?
Summary Material Modification
amendments to the Summary Plan Description
email or SharePEN
S:\F77-04\F77-04 SPD
What are our Core Values?
Commitment to unparalleled customer service.
Accountability while maintaining flexibility.
Respect for each other and those we serve.
Empowerment through growth and innovation.
How many published Amendments are there for the F77-04 Plan?
Eleven
What can cause a Suspension of Benefits for a Retiree?
1. They become employed or self-employed, for at least 40 hours of work in any calendar month, in the same industry in which any contributing Employer was engaged at the time they first retired
2. Such work is within the State of Michigan or within the jurisdiction of a participating local union whether within or out of the State of Michigan
"If you became inactive after August 31, 1999 the rate of credit is $______ for each _____ hours worked at Covered Employment."
$7.31 for each 100 hours worked
SPD
What does it mean? What is it? Where can you find it?
Summary Plan Description
Summary of the Plan Document in simplified terms
email or SharePEN:
S:\F77-04\F77-04 SPD
When is our Michigan Employee Open House?
Who is going to be in attendance from outside of our office?
Thursday, August 17 from 9:00-11:00am
Adam Keck, Yvonne Sommer, Sean Minner, Reyna Hart
There are two groups of 8 people who make up the Board of Trustees. By definition, under this Fund, these two groups are referred to as: ________ Trustees and ________Trustees
Employer Trustees and Union Trustees