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Events
Life
Events - Change in Employment
Keep your mailing address
current
Please keep your address
on file at the Administrative Office current after you terminate
employment with a participating employer. This
will ensure receipt of essential correspondence from the
Administrative Office, such as:
-
Quarterly Money Purchase
Pension Plan statements
-
Annual Pension Plan
statements
-
Notification of plan
changes
-
Explanation of benefits for
health benefits (if continuing coverage)
Should you need to update your address, please mail or
fax a
Change of Address form.
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Continue your medical coverage through COBRA
If you are a participant in
the Health & Welfare Plan, you may continue your Dental,
Vision and/or Medical coverage through
COBRA self-pay for up to
18 months.
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Review Money Purchase
options
You may have the funds in
your Money Purchase Pension Plan account distributed to
you if you are terminated from your employer and
you have no hours of service at the end of any six month
consecutive period. The Trustees may waive the six
month waiting period if you request the waiver in
writing, certify that you are and have been terminated
for at least 45 days from the date of your request, and
supply proof and certification that you would suffer
severe financial difficulties without a waiver.
You must apply for the distribution and elect a form of
payment. Please review
Initiating a Distribution,
the
Summary Plan Description for details, or call
the Administrative Office and ask to speak with a Pension
Representative.
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Continue your legal coverage through self-pay
In
the event your legal coverage ceases due to termination of
employment or reduction in hours, the Administrative Office will send a
termination notice. You or your dependents have 30 days from the
date of the notice to make payment to continue coverage.
Legal coverage
can be continued by "self-paying" for up to 18 months following the
last month you were eligible through your employer or hour bank.
Please contact a Legal Representative at the Administrative Office if wish to
continue your Legal coverage.
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