Newsletter

DON’T LET YOUR LOAN GO INTO DEFAULT

If you are a participant of the Defined Contribution Plan of the I.B.E.W. Local 697 AND have a current outstanding loan (meaning your loan has not been deemed) AND have yet to complete and return to the Fund Office, your authorization form that was provided within the Fund’s mailing to you of May 9th, 2024, do so now.

HEALTH AND BENEFIT PLAN SHORTAGE OF HOURS PAYMENTS REMINDER

All shortage of hours payments for participants that did not amass sufficient enough hours of work within the first calendar quarter of 2024 (January, February, and March) necessary to maintain continuation of coverage for themselves and any eligible dependent in the third calendar quarter of 2024 (July, August, and September), are reminded that their shortage of hours payment is due, no later than 4:30 P.M. CST on Friday, June 28th, 2024.

All participants are also reminded that in addition to the shortage of hours’ notice that is mailed out to them, participants who find themselves in this situation are also issued an explanation of benefits showing the shortage of hours.

Kind of Blue

If the month of May were an album, I think it would be “Kind of Blue” by Miles Davis. Yes, I know. Upon reading that your first reaction was, “I love that album.”

Of course you do! Which makes you cool A.F.

What? That was not your first reaction? Really? That’s kind of sad.

Listening to the Wrong People

Hey, let’s start out this month with a question. Do you think it’s smart to rely on another person’s interpretation and understanding of a particular Benefit, or are you better served spending a little time reading up on it from the source?

I ask that because there seems to be an alarming and growing inclination to learn about Fund benefits through word of mouth.

Welcome to our April Newsletter!

To you, the loyal readers of this newsletter, we’re grateful for your ongoing support and hope you not only enjoy this month’s edition but gain value from reading it.

More importantly, we thank you. Your generosity of insight, ideas and time continues to be critical in not only setting the future direction of the various Benefit Plans but also to protecting and preserving them.

Spring

Signs of spring are all around us. But no finer a sign of Springs arrival exists than that of UCONN making it to the NCAA final four – AGAIN! GO HUSKIES!

In this edition, we:

Share the findings of a new study we thought fascinating about gut microbiomes.