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.
That begins the transition of the IBEW Local No. 697 Defined Contribution Plan from Vanguard over to Empower.
What’s Not Changing
Rest assured, and as stated previously,
The staple of the Plan, meaning the investment line-up, remains the same.
Don’t use your HRA debit card improperly!
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.
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.
A new study in the 2024 Cell Host & Microbe Journal shows that the human gut microbiome has an interesting role in maintaining homeostasis. (By the way, homeostasis is just a fancy medical term for being in a state of being healthy and balanced.) Anyway, the microbiome is where some of the body’s good bacteria live.
The Dali, a Singaporean flagged container ship, struck the Frances Scott Key Bridge in Baltimore causing it to partially collapse on March 26th, 2024. Six construction workers lost their lives.
As tragic as that is, the loss of life could have been a lot worse for the reason that the Frances Scott Key Bridge is a major corridor of traffic around the City of Baltimore.
Another tragedy. 133 people were mowed down by machine gun fire at a concert venue in Moscow, Russia.
Sadly, but not surprisingly, Russian leader, Vladmir Putin dismissed intelligence warnings from the United States about a likely ISIS-K attack on Russian soil.
Because Teladoc will cease being the Funds telemedicine service provider on May 1st, 2024, the Fund has taken the liberty of updating your medical identification card so as to eliminate any confusion as to what entity you are to call when you have a telemedicine, second opinion or need assistance finding a highly rated medical physician on and after May 1, 2024.
These cards are scheduled to arrive at your residence in the third and fourth week of April.
Hey there!
Did you really believe we would forget about our beloved Medicare eligible retired participants of our Plan?
Good news. You are also going to receive a refreshed version of your supplemental medical identification card.
We have streamlined this card in a couple of key places.