|
LIUNA Midwest Region Retirees Terence M. O’Sullivan Sr.-LIUNA Retiree's Council President (L) Midwest Region Laborers Manager and Laborers International Union Vice-President
John F. Penn (M) Terence M. O'Sullivan
Jr.-General President (R)
“It is comforting and rewarding to see our retirees’ continued involvement with LIUNA.” Terence M. O’Sullivan-LIUNA General President If you are a LIUNA member approaching or in retirement, chances are you will be able to take advantage of the benefits you and your Local Union have worked for over the years. Our members are fortunate to reap the rewards of collective action made possible by joining the Laborers’ Union. These benefits don’t end when you lay down your tools or put away your supplies for the last time. LIUNA membership means being part of a unique labor community where there is a role for everyone. When you retire, it’s not an end; it’s a beginning of doing something different for and within the union. LIUNA members are strongly encouraged to continue their membership and their involvement in making LIUNA a better union and their community’s better places because of it. We want to take this opportunity to STRONGLY encourage you to remain active in your local union. Join your retiree council. If you’re Local Union does not have a chartered retiree council, discuss the possibility of organizing one in your area. We hope that you will be an ACTIVE part of the LIUNA family for many more years. We need, and welcome, your help and expertise! |
Pension & Health Care
Better Pension and Healthcare
Union workers are more likely than their nonunion counterparts to receive health care and pension benefits, according to the Bureau of Labor Statistics. In 1999, 73 percent of union workers in private industry participated in medical care benefits, compared with only 51 percent of nonunion workers. Union workers also are more likely to have retirement and short-term disability benefits.
As the chart below illustrates, 79 percent of union workers are covered by pension plans versus 44 percent of nonunion workers. Seventy percent of union workers have defined-benefit retirement coverage, compared with 16 percent of nonunion workers. (Defined-benefit plans are federally insured and provide a guaranteed monthly pension amount. They are better for workers than defined-contribution plans, in which the benefit amount depends on how well the underlying investments perform.)
UNION
WORKERS ARE MORE LIKELY TO HAVE
HEALTH
AND PENSION BENEFITS, 1999
(Chart
4)
 LIUNA Midwest Region is proud to announce that we
have a Voluntary Term Life Insurance Policy up to 150,000.00 available to active members who maintain membership and
are in good standings, you can download the whole form right here.
|
|
|
$2000.00 Union Sponsored Life
Insurance , fill out form and send back to the Hall Attention: Rhonda. This is an additional benefit to all members at no cost.
|
 |
|
$20,000.00 AD&D Policy |
|
 |
Hartford Life is
a Free Accident, Death and Dismemberment Policy that is for all members who are current on dues, this policy is worth
$20,000.00 and you can download the phamplet and the benefit form right here and you can send it back to the office after
you get it filled out, just put attention: Rhonda Hartford Explaination Phamplet |
|
Health Reimbursement Account |
|
 |
To All Plan Participants: The Board of Trustees of the Iowa Laborers District Council Health & Welfare Fund is pleased to announce the addition of a Health Reimbursement Account program to your Plan of Benefits. What
is the Health Reimbursement Account? Health Reimbursement Accounts (HRAs) are individual flexible spending accounts funded by employer contributions. The amount in an HRA account
can be used for certain healthcare expenses not payable by the regular Welfare Fund.
|
|
Sav-Rx
This is an optional coverage plan for Union Members that would like to sign up to save on there Prescriptions, it is Simple Cost Effective, you can go to there Web Site by clicking on the Sav-Rx picture and sign up there or call the Laborers' Local 566 at 641-682-1275 for sign up information. |
 |
