Local 17 Fringe Benefit Package Pension
· 800 hours in calendar year for one vesting credit · Vesting requirement is 5 vesting years · Monthly Pension amount based on total credits (unlimited as of 1/01/08) · Credits valued @ $50 per credit as of 1/01/05 (max allowed 3 per year) · Full retirement at age 55 with 25 years of service Health Benefits – Family Plan
· Eligibility begins after 800 hours worked (approx. 20 weeks) (800 hrs = 1 yr coverage) (800 hrs each year to maintain benefits) · Family Major Medical plan including Prescriptions a. $250 deductible per person per year b. $125,000 maximum coverage per person per year c. After $250 deductible it’s 80% (hall) - 20% (you) up to $10,000 then 100% up to $125,00 per person. d. Prescriptions are 25% co-pay. Prices vary depending on negotiated discounts. · Dental - $1200 per person per year · Vision – Member gets 1 exam, 2 pairs of glasses every 2 years. Dependent gets 1 exam, 1 pair of glasses every 2 years Annuity
· $3.00 per hour worked included in fringe package paid by contractor (no payroll deductions) · You can self direct your account on-line or by phone. The Entire benefit package is at no cost to employee. | 
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