Zenith-American Solutions formally Insurance Programmers, Inc.
- IBEW Local 104 has partnered with Zenith-American Solutions (formally IPI) for client benefit services.
- Insurance Programmers, Inc. is a Connecticut C-corporation that began operations in May 1966. The company has operated continuously in New Haven County since its inception and has grown in staff and operations over a period of 50 years. In 2017 Insurance Programmers joined with Zenith American Solutions.
- On October 16, 2017, Insurance Programmers, Inc. will be rebranded as Zenith American Solutions and operate under the Zenith American banner, uniting what are now separate brands into one. Although their name has changed, their supreme level of customer service will not.
- If you have any questions regarding your benefits: please call Michelle Cleveland at 1-800-446-8646.
National Electric Benefits Fund
- $32.00 for every Vesting Service Credit/Pension Credit
- You earn one Vesting Service Credit for each Good Year you accumulate 1,000 hours
- A Good Year is a year you work a minimum of 300 hours. Any hours in excess of 1,000 can be used to meet the 1,000 hour requirement for other Good Years in which you worked less than 1,000 hours
- ie: $32.00 x 17 Vested Service Credits = $544 a month
Normal Retirement Eligibility Requirements
You are Vested, and
You are age 65 or older, and
You are retired from the electrical industry.
You are not Vested, and
You are age 65 or older, and
You are retired from the electrical industry, and
You have retained Pension Credits.
- Retire – Age 62 earliest – reduced benefit by 20%
- Retire – Age 63 reduced benefit by 13.33%; Age 64 reduced benefit by 6.67%
- No death benefit
- When you apply for retirement, a joint and survivor option is available for married participants
- If you die before retirement age, your spouse may be entitled to your benefits at the time you would have become eligible.
Contact: 301-556-4300 or www.nebf.com/nebf
New England Electrical Workers Benefits Fund
(Anyone working in LU104’s jurisdiction under the IBEW/NECA Collective Bargaining Agreement and covered under the NEEWBF health plan.)
- Retirement Benefit: Individual Amounts
- Retirement age 55 or older and no longer working in service
- Termination – NO hours worked in employment for 12 consecutive months
- Separation of Service – no hours of covered employment for at least 90 days
- Limited to 50% of account balance up to $15,000 gross
International Brotherhood of Electrical Workers Pension Benefits Fund
(Retired & Active “A” Members only – Monthly Retirement Benefits)
- $4.50 per year of service
- Normal Retirement – age 65
- Early Retirement – age 62-64 Reduced Monthly Rate
- Same as normal LESS 6.66% for each year under age 65
- Death benefit: $12,500* (if accidental)* or $6,750* (natural causes) or if “A” member retired: $3,000
Contact: 1-202-446-8646 or www.ibew.org
IBEW LOCAL 104 VACATION/SICK TIME BENEFIT PLAN
Change to summary plan description page 1 (replaces original section)
HOW THIS VACATION/SICK TIME BENEFIT PLAN OPERATES
This Vacation/Sick Time Benefit Plan provides you with bi-annual distributions in February and August, based on contributions received for January through June and July through December for you to use for special purposes, like your vacation. In addition, the Benefit can be used for paid sick time earned for work in Massachusetts. The money for this benefit is contributed on your behalf by signatory Employers pursuant to a collective bargaining agreement (CBA) with the IBEW Local No. 104 requiring such contributions.
The amount of money an Employer must contribute on your behalf is spelled out in the (CBA). All contributions made on your behalf go directly into the Plan to provide your benefits and to pay the administrative costs of the Plan.
The Board of Trustees of the NEEWBF, comprised of an equal number of Trustees representing Management and Labor, administers the Vacation/Sick Time Plan in the best interest of all Plan participants. The Trustees are responsible for maintaining the Vacation/Sick Time Benefit Plan in a sound financial condition and for providing benefits to you. As part of their duties, the Trustees make the rules that regulate the Vacation/Sick Time Benefit Plan’s operation. The Vacation/Sick Time Benefit Plan will continue as long as there is a CBA requiring contributions to be made into it. The Board of Trustees of the NEEWBF has the power, in its discretion, to amend or modify the Vacation/Sick Time Benefit Plan at any time consistent with its purpose of providing vacation benefits by formal written action executed by all of the Trustees. In addition, the Board of Trustees has the power, in its discretion, to amend or modify the Vacation/Sick Time Benefit Plan at any time.
A Plan attorney advises the Trustees to assure the Vacation/Sick Time Benefit Plan complies with all federal and state laws.
Change to summary plan description page 4 (replaces original section)
ELIGIBILITY TO RECEIVE VACATION BENEFITS
In order to be eligible to receive vacation benefits from the Vacation/Sick Time Benefit Fund, you must have 500 hours contributed on your behalf in the trailing twelve (12) calendar months, including reciprocal contributions, or have rolled-over hours of contributions from a previous benefit period pursuant to the rules herein. Notwithstanding the foregoing, you may take a distribution solely for earned paid sick time pursuant to the terms herein even if you do not meet the requirements of the previous sentence. If your Employer has not contributed on your behalf for all of the hours you worked, you may present your pay stubs to the Fund Office in order to establish your eligibility to receive vacation benefits, only. The amount of your vacation benefit will be based only on the Employer contributions received on your behalf. This requirement will be pro-rated to 167 hours in regard to the 2015 Plan Year and prorated to 417 hours for the distribution for the contributions received from January 1, 2016 through June 30, 2016.
Change to summary plan description page 5 (replaces original section)
You may choose to rollover up to $3,500 of your vacation benefit to the following six-month period (January through June or July through December) by notifying the Fund Office in writing prior to the end of the six-month period. You will receive a distribution of any remaining vacation benefit over the amount you choose to rollover.”
CHANGES APPROVED JANUARY 16, 2017
Effective for the contributions accumulated during the period July 1, 2016 through December 31, 2016, and forward:
1. Eliminate the requirement that in order to be eligible to receive vacation benefits, a participant must have contributions for 500 hours contributed his or her behalf in the trailing twelve (12) calendar months, including reciprocal contributions, or have rolled-over hours of contributions from a previous benefit period, in order to not forfeit benefits.
2. Apply a charge for plan expenses to each distribution to be determined for each period by the Local 104 Silo Trustees. The charge will be a post-tax deduction from the distribution, based upon a percentage of the account balance. The charge for the period July 1, 2016 through December 31, 2016 accumulation period will be 8%.
3. Clarify that participant accounts are forfeited if the distribution payment is returned as undeliverable, or there is no current address on file. Accounts will be forfeited 90 days after the date the distributions are mailed out. It was noted that should there not be a current address on file for a participant, the I.B.E.W. Electronic Reciprocity Transfer System (ERTS) will be utilized to obtain one.
4. There will be no withholding for any state income tax made from the distributions, however, there will be withholding for Federal Income Tax at the rate of 20% of the gross distribution.