RETIRED PENSIONERS – MAINTENANCE OF COVERAGE
The continuation of coverage change is determined by the Trustees based on an annual review of expenses and income. The charge is set at 30% of the cost as determined by the Fund actuary.
Retiree Supplemental Unemployment Benefit Transfer
To help cover the above expense, eighty percent (80%) of the funded Supplemental Unemployment Benefit Account of any eligible Participant who retires shall be transferred to his Medical Reimbursement Account to help pay for this continuation of health benefits.