Attention Medicare Eligible Retirees:  If you did not receive a notice from New England Electrical Workers yet, please be advised that effective 6/1/07, the rates will change.  If you are on Medicare, your rate will be $50.00 per month per person.
Annuity Changes:  Effective July 1, 2007, the Annuity Fund will change from a Money Purchase Pension Plan to a Profit Sharing Plan.  One of the changes will be a hardship distribution.  However, the reason for the withdrawal of funds must satisfy the conditions set by the IRS, and the amount that can be withdrawn only applies to the money contributed after the Plan changed to a Profit Sharing Plan (July, 2007).  We will be planning an information meeting later this summer or early fall.
                                                                      Kathy Smith