Whether you were naughty or nice in 2021, the Board of Trustees have you covered in 2022. Listed below are important improvements that you should be aware of:
- Effective January 1, 2022, the annual family dental allowance for Active members will be increased by 50% to $3,000.00 per year.
- Effective January 1, 2022, the Pension accrual rate of $80.75 will increase to $83.25 and the early retirement reduction percentage of 3.3% will increase to 3.6%.
- Effective January 1, 2022, the Board of Trustees will be providing retirees with a 2% increase in their annual benefit.
- Effective January 1, 2022, all non-Medicare eligible retirees will receive a 100% increase in their annual family dental allowance. The new annual family dental allowance will be $1,000.00.
- Effective January 1, 2022, all Medicare eligible retirees will receive a 33% increase in their annual family dental allowance. The new annual family dental allowance will be $1,000.00. Additionally, all Medicare eligible retirees will receive the additional resource that is Labor First. Don't know what that is? Please go back and read the section titled "Attention All Medicare Eligible Retirees"”" in this newsletter.