A copy of this notice was mailed to employers on December 17, 2025.

Notice of Pending Merger of Alaska Electrical Health and Welfare Fund and Alaska Electrical Legal Fund

December 2025

At the fall meetings, the Boards of Trustees of the Alaska Electrical Health and Welfare Fund and the Alaska Electrical Legal Fund entered into an agreement to merge the two trusts into a single trust effective January 1, 2026. The surviving trust will be known as the Alaska Electrical Health and Welfare Fund (AETF Health and Welfare Fund).

No Change in Legal Plan or Health and Welfare Plan Benefits

This action was taken after considerable study by both Boards and in an effort to access efficiencies and economies of scale with respect to Fund operations and investments. The AETF Health and Welfare Fund will continue to provide all benefit plans formerly sponsored under the two Funds separately.

There is no change to either Legal Plan or Health and Welfare Plan benefits as a result of this merger with respect to eligibility or benefits. Participants covered by bargaining agreements or other agreements providing for contributions to the Legal Fund will continue to have access to Legal Plan benefits; those that do not, will not automatically become eligible for Legal Plan benefits as a result of the merger.

The Administrative Office will continue to administer both Plans as it has prior to the merger date. Going forward the Board of Trustees of the AETF Health and Welfare Fund will be the plan administrator for both Plans.

Remittance of Contributions

Contributions bargained to the provide Legal Plan coverage will be received by the AETF Health and Welfare Fund.

All contributions will continue to be processed by the Administrative Office in the same timely and accurate manner as before the merger. Participants will not experience any disruption in benefits or services as a result of this change in the remittance process. Over time, we suggest that the bargaining parties revise references in their collective bargaining and special agreements to reflect the new sponsorship of the Legal Plan by the AETF Health and Welfare Fund.

Questions?

If you have any questions concerning this Notice, contact the Administrative Office at (907) 276-1246 or (800) 478-1246, or at 701 E. Tudor Road, Suite 200, Anchorage, AK 99503. Thank you.

 

Sincerely,

Laurie Butcher

Executive Plan Administrator