As the Covid epidemic continues, we are constantly reminded to wash our hands with warm water and soap. Which is a good thing. Provided of course that you have access to water.
Over half the world’s population does not have access to water to wash their hands with soap.
Make voluntary contributions to your Money Purchase Plan and Trust account. For details, see Voluntary Contributions under the Annuity tab on the IBEW Local 697 Benefits website. To see your year-to-date contributions to this plan only, login to Vanguard, which can also be done from the same page.
Should you choose to utilize the services of a non-designated or non-participating facility, you may want to check in with the Plan beforehand to see if the Plan can negotiate a “one-off” agreement to help mitigate any large out of pocket expense to which you may be liable.
Then you need to learn about
RECIPROCITY
The I.B.E.W. National Reciprocity Agreement states that each Local’s Benefit office is to reciprocate all hours / contributions within thirty (30) days of receipt to the “home” Local that the participant designates within ERTS (Electronic Reciprocal Transfer System).
If you are scheduled to work within another I.B.E.W. Local’s jurisdiction, this is what you need to do after “clearing” in with that Local’s Union Office.
Prior to providing you with the overview of these programs, we are going to do something different and provide you with first with the take-away.
The takeaway:
You have to enroll into Medicare.
The timing of your enrollment into Medicare is important.
“IT’S A WISE MAN THAT LEARNS FROM HIS MISTAKES, BUT IT IS A DAMN FOOL THAT DOESN’T LEARN FROM THE MISTAKES OF OTHERS!
- Frasier Crane
It’s a sad fact that the world is full of ne’er do wells. They are everywhere, and they are always blaming someone else for whatever bad situation they find themselves in.