2020 ERP Week Ending Suspension Dates
01/05/2020; 01/12/2020; 01/19/2020; 01/26/2020; 02/02/2020; 02/09/2020; 02/16/2020; 02/23/2020; 03/01/2020; 03/08/2020; 03/15/2020; 10/18/2020; 10/25/2020; 11/01/2020; 11/08/2020; 11/15/2020; 12/13/2020
IMPORTANT RETIREMENT PLAN NOTICE
Change to Coronavirus-Related Distributions Effective July 15, 2020
Effective July 15, 2020, the Coronavirus-Related Distributions available under the Local No. 8 I.B.E.W. Retirement Plan (“Plan”) will be reduced and limited to the lesser of $50,000 or 100% of your Plan account.
If you are actively working and under age 59 ½, amounts contributed to your Plan account prior to 2006 will not be eligible for a Coronavirus-Related Distribution due to an Internal Revenue Service rule (the Plan was classified as a “money purchase pension plan” through December, 2005).
Loans available under the Plan remain the lesser of $100,000 or 100% of the current value of your elective employee (401(k)) contributions held in your Plan account.
To receive a Coronavirus-Related Distribution or Loan, you must provide a certification to the Plan through the Fund Office that you meet the requirements of a “Qualified Individual,” meaning that you:
- have been diagnosed with the disease COVID-19 or the underlying virus SARS-CoV-2;
- have a Spouse or dependent who has been diagnosed with the disease COVID-19 or the underlying virus SARS-CoV-2; or
- have experienced an adverse financial consequence as a result of the coronavirus pandemic (including being laid-off, quarantined, reduction of hours, unable to work due to lack of child care, or the reduction of hours or closing of a business that your own or operate).
If you are interested in applying for a distribution and/or a loan or if you desire more information, please contact the Fund Office for more details.
New Vision Provider
The Board of Trustees is pleased to announce a change in vision service providers. Effective July 1, 2020, EyeMed will be the Plan’s new vision provider. With this change you will experience the same great vision benefits, plus additional discounts from the EyeMed providers. You will have access to thousands of providers from independent eye…
IMPORTANT INFORMATION FOR COVID-19 PANDEMIC’S – IMPACT ON THE ELECTRICAL INDUSTRY AND YOUR BENEFITS
FREQUENTLY ASKED QUESTIONS
THE
PLAN CHANGES DISCUSSED IN THESE FAQs APPLY ONLY TO THOSE PARTICIPANTS WHO ARE
EXPERIENCING THE EFFECTS OF THE COVID-19 PANDEMIC.
The leadership
of the International Brotherhood of Electrical Workers, Local No. 8 and the
Ohio/ Michigan Chapter of the National Electrical Contractors Association has
taken several important steps to address the recent COVID-19 pandemic’s effect
on Local 8 members. Further, the Boards of Trustees of the Toledo Electrical
Welfare Fund and the Local No. 8 Retirement Plan have adopted plan amendments
to address current and upcoming challenges.
This is a
summary of the current actions taken on your behalf. For continued updates,
please check the Union’s social media accounts and the Toledo Electrical
Benefits Fund Office’s website (www.electricalfunds.org).
ERP Applications
The Fund Office accepts ERP applications Wednesday’s through Monday’s for the preceding Sunday (week ending). Payments will typically be deposited in members accounts the following Friday. For example, Members have from Wednesday, June 24th through Monday, June 29th to submit ERP applications for week ending June 28th. Payments for week ending June 28th will be…
COVID-19 & The Funds Office
To our members: To help control the spread of the coronavirus (COVID-19) and protect our members and employees, we are working with a limited staff in the Funds office. At this time the Health & Welfare Funds office is closed to walk-ins. We will be unable to answer calls in our usual and customary process due…
Current Coronavirus CO ID-19 Pandemic Information for ERP
All members who are affected through the disruption of employment will be entitled to ERP (sub- fund), Unemployment benefits that are determined through the rules of the state, and self pays due to insufficient work hours. There has also been implemented a no nick referral system to accommodate all the issues associated with this pandemic.…
Zero Cost Telemedicine Benefit
If you want to Avoid Urgent Care, Emergency Room or even your doctor’s office there is a great option “Telemedicine”! Telemedicine is an option available to you at zero out of pocket cost. If you have common conditions such as cold & flu symptoms, headaches, allergies, etc. please contact a “telemedicine” provider. In Northwest Ohio…
SFBF/VEBA 1st Quarter Statements Insert
Quarterly statements were mailed out recently with an insert regarding how Delta Dental works in regards to reimbursements with orthodontics and other dental services. This insert was INFORMATIONAL ONLY. We apologize for any confusion. Please click here for the updated notice.
Mailing to All Members
Please click here to view the material that was mailed out to all members along with your new ID cards that will be effective 1/1/2019. If you do not see this mailing by early December, please contact the Funds Office.