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1199SEIU/League Registered Nurse Training and Job Security Fund SUMMARY OF MATERIAL MODIFICATIONS

L E T T E R F R O M T H E E X E C U T I V E D I R E C TO R

This Summary of Material Modifications describes changes that affect your job security benefit plan and updates the Summary Plan Description (“SPD”) that was previously distributed to you. You should keep this summary with your SPD until the SPD is updated to reflect the changes discussed herein. –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

A lot has happened since you last heard from our Funds! Perhaps most importantly, you have a new contract that protects your comprehensive health coverage and defined benefit pension plan – a remarkable achievement given these difficult economic times. Inside this issue of For Your Benefit, you’ll read about what was done to

Effective March 1, 2009, the following changes to the 1199SEIU/League Registered Nurse Training and Job Security Fund apply: 1.

2.

stabilize our health and pension funds, the challenges we faced and how our pension assets are invested. And you’ll hear firsthand from some of

3.

our members and your co-workers about how important the benefits are to them.

You have a new

And at a time when it is so critical to protect our health and our health

contract that protects

benefits, you will read about the many care choices you and your family

your comprehensive

have when you need medical attention but cannot reach your doctor, and

pension plan – a remarkable achievement given these difficult economic times.

5.

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why it is so important to you to use emergency rooms for emergencies only.

health coverage and defined benefit

4.

For the duration of the COBRA continuation coverage subsidy program provided for in the American Recovery and Reinvestment Act of 2009, including any extensions of the provisions thereof by future legislative action (comprehensively, “Act”), the Benefit Fund Continuation Coverage shall not be provided to participants who are eligible for both COBRA premium reduction under the Act and for benefits under the 1199SEIU/League Registered Nurse Training and Job Security Fund (“Eligible Participants”). In addition to any SUB to which they may or may not otherwise be entitled, Eligible Participants shall be entitled to their regular SUB payments through the 1199SEIU/League Registered Nurse Training and Job Security Fund, increased by an amount equal to 35% of their COBRA premium to the 1199SEIU National Benefit Fund for Health and Human Service Employees (plus tax gross up)(together “Increased SUB”). Entitlement to the Increased SUB payments is conditioned on the Eligible Participant’s participation in COBRA and satisfaction of the rules and conditions of the 1199SEIU/League Registered Nurse Training and Job Security Fund and of the 1199SEIU National Benefit Fund for Health and Human Service Employees. Once the Eligible Participant has exhausted the maximum allowable months of COBRA continuation coverage subsidy, the Increased SUB will terminate, but the 1199SEIU/League Registered Nurse Training and Job Security Fund will continue to pay the full COBRA premium to the 1199SEIU National Benefit Fund for Health & Human Service Employees on behalf of the Eligible Participant for the lesser of: (a) the remainder, if any, of the period of Continuation Coverage due under the terms of the SPD or (b) the remainder of COBRA entitlement. Once the Eligible Participant’s 1199SEIU/League Registered Nurse Training and Job Security Fund eligibility ceases, the benefit described above ceases.

Also inside, you will learn about our new workshops to help you cope with stress and break bad habits as part of our ongoing Protecting Our Health program. Also, back by popular demand is our “Supporting Healthy Marriages” program, a 10-week interactive workshop series just for

This summary only highlights the key changes made to the 1199SEIU/League Registered Nurse Training and Job Security Fund. Summaries of material modifications together with the Summary Plan Description make up your official plan descriptions; please keep them together and refer to them as necessary. We have made every attempt to insure the accuracy of the information in this summary and the Summary Plan Description. However, if there is any discrepancy between them and the plan document, insurance contracts or other legal documents, the legal documents will always govern. If you would like to review the plan document or have any questions, please contact the Fund’s Member Services Representatives at (646) 473-9200. The plan sponsor of the 1199SEIU/League Registered Nurse Training and Job Security Fund reserves the right to amend or terminate the 1199SEIU/League Registered Nurse Training and Job Security Fund, or any part of it, at any time.

1199SEIU members and spouses conducted by Montefiore Medical Center. And finally, we invite you and your family to join us in September at our family exercise and nutritious cooking demonstration. Above all, we want you to know that we are here for you. If you have any questions at all about your benefits, call us. We are your Funds, and we are here to help. Sincerely,

Mitra Behroozi Executive Director 1199SEIU Benefit and Pension Funds

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FOR YOUR BENEFIT

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For Your Benefit Magazine - Summer/Fall  

Summer/Fall 2009