International Funds

INTERNATIONAL PENSION FUND

BAC SAVE Annuity Posts 9.73% Return for 2021, Adding New Participating Locals

The International Pension Fund (IPF) recently mailed over 22,000 annual member statements of the BAC Save Retirement Savings Plan (RSP). The 2021 annual statements, also available on the BAC Member Portal, show monthly hours, employer contributions, and any hardship or other withdrawals. This year there was also a 9.73% investment return applied to individual accounts.

The individual, year-end RSP account balance is also converted to estimates of a monthly benefit — as a joint and survivor option or a single-life benefit option. The higher the RSP account balance, the higher these estimates will be. These estimates should not be confused with your separate estimated IPF monthly retirement benefit. An enrollment card is enclosed with a member’s statement if a beneficiary for the RSP is not on file. Please note designations made for the IPF, or a Local Benefit Plan, do not apply to the RSP.

The assets of the BAC SAVE RSP Annuity Plan total more than $220 million and cover more than 22,000 participants. New participating jurisdictions include the Knoxville and Nashville Tennessee Chapters of BAC Local 8 Southeast and the Southern Colorado Chapter. The former BAC Local 15-11 Florida Annuity Plan merged into the BAC SAVE RSP on March 1, 2017. In addition to financial hardship and inactive benefits withdrawals, participants wishing to receive a distribution from their accounts are offered several payment options, including joint and survivor, single life annuities, monthly installments over 10 or 15 years, lump sums, and rollover options at retirement.

The RSP’s moderately conservative investment policy has approximately 45% of Plan assets held in high quality fixed income securities, 40% in equity investments, and 15% in pooled real estate funds, such as the AFL-CIO Housing and Building Investment Trusts.

RSP ANNUITY PORTAL ACCESS

BAC Member Portal enrollment continues to increase as RSP participants are enjoying round-the-clock access to account balances, monthly hours, and contributions to their individual accounts. Currently 3,772 RSP participants are using the Member Portal, or the BAC mobile app. Member Portal registration is fast and easy — just scan the QR Code to get started!

Should you have any questions regarding a statement, please contact the IPF Office at IPFannual statements@ipfweb.org with a copy of the statement and proof of any missing hours. //

WATCH FOR 2021 IPF AND IHF SUMMARY ANNUAL REPORT

IPF and IHF Decades of Service, the 2021 IPF and IHF summary annual report, was mailed to you in October. Along with detailed financial information on all the BAC International Benefit Programs, this year’s report features the recent 50th anniversary of the establishment of the International Pension Fund and other significant milestones of all BAC Benefit Plans.

Throughout the Annual Report you will see references to the progress the International Benefit Programs have made throughout their history, including improved BAC Member Portal, BAC mobile apps, BAC Save, Member Assistance Program, and BAC Cares programs.

Find more about each program and the contact information at BACBenefits.org.

INTERNATIONAL HEALTH FUND

New Rally Rewards for 2023!

The International Health Fund (IHF) is preparing for the fourth year of the United Healthcare Rally® Rewards program. Rally is an app-based rewards program that helps you make simple changes to your daily routine, set health goals, and stay on target to meet those

goals. Members that participate receive rewards for taking healthy actions. The first of those actions is completing a quick health survey. Rally will then make personalized recommendations just for you. You will be able to sync your tracking device and join a challenge while earning virtual coins that can be exchanged for rewards.

Other health actions that earn you virtual coins include com-

pleting an annual physical and preventive screenings, participating in the Orthopedic Health Solutions program, visiting the BAC Cares on-site clinics in Indiana or Missouri, completing a virtual visit, or participating in the Real Appeal program. Once members have earned enough coins, they can be exchanged for prizes. In 2023, IHF’s rewards will include a BAC IHF high visibility t-shirt, BAC jacket, and an Apple watch. These virtual coins can also be donated to the BAC Disaster Relief Fund.

This program is exclusively for members of IHF participating locals and ADCs. Members can enroll online at www.myuhc.com or by downloading the “Rally by Rally Health” app and entering code BAC123. If you have any questions about the BAC Cares Rally® Rewards program, contact the IHF Fund Office at 1-888-880-8222. //

“Rally is an app-based rewards program that helps you make simple changes to your daily routine, set health goals, and stay on target to meet those goals.”

STAYING HEALTHY WITH THE BAC CARES PROGRAMS

IHF was able to return to conducting in-person health fairs in 2022. This fall, health fairs were held in St. Louis, MO; Indianapolis, IN; and Orlando, FL. Members participated in biometric screenings; received immediate results of their blood pressure, cholesterol and glucose screenings; and had access to receive flu shots. The fairs included raffle prizes and presentations to members regarding their IHF benefits.

Conducting health fairs is just one of the many ways the BAC Cares program helps you to be the healthiest you can be. The IHF understands the importance of having access to essential services such as preventive care. Our programs are designed to prevent common and complex illness and to remove barriers to care, covering many services with low or at no cost to members – making it possible for you to stay as healthy as possible with minimal financial impact.

For more information about the IHF benefits package and BAC Cares program, contact the IHF Fund Office at 1-888-880-8222.