Benefit Plan Improvements |
2008-06-11 11:44:39 |
Dear Plan Member:
RE: ALBERTA REFRIGERATION INDUSTRY
The Board of Trustees is pleased to announce improvements to the Benefit Plan for any eligible expenses incurred on or after May 1, 2008. The improvements are listed below:
Benefit Plan Improvements
Short Term Disability | $385/week | $450/week |
Long Term Disability | $1800/month | max $2500/month (70% of basic earnings less other sources) |
Life Insurance | 50,000 | 75,000 |
Dental - Major | 50% | 80% |
Dental Fee Guide | 2005 | 2007 |
Dental Year Max | $1,500 | $2,500 |
Prescriptions | 90% | 95% |
Safety Eye Wear | No Coverage | $100/year – Members only – from last date of service |
Laser Eye Surgery | No Coverage | $500 lifetime max, no vision 5 years |
Physio | $20/visit, max $200/calendar year | $30/visit, max $400/calendar year |
Chiropractor | $30/visit, max $400/year after AHC | pick up extra billing |
Massage | $20/visit, max $200/calendar year | $30/visit, max $400/calendar year |
Orthotics | No Coverage | $300 every 2 years – from last date of service |
Custom Ear Plugs | No Coverage | $200 once every 2 years – from last date – Members only |
In addition, all claims as of May 1, 2008 will be processed from our Edmonton office. We have obtained the services of Employee Benefit Plan Services Ltd. which will result in reduced administrative costs as well as more efficient claims processing. Members are welcome to bring in their claims to the Edmonton office and receive a cheque usually within 45 minutes. New claim forms will be available May 2008 from our office and will be posted on our website at www.albertarefrigeration.com once it is complete (anticipate May 2008).
With regard to the Pension Plan, we have filed an Amendment with Alberta Finance for improvements to the Retirement Benefit Schedule retroactive to May 1, 2007. We anticipate their approval prior to the April 30th year end; therefore, the new Retirement Benefit Schedule will be reflected on your Pension Statements to come out in July, 2008.
Revised Plan Booklets will be sent with your Pension Statements and will detail the new Retirement Benefit Schedule as well as the above Benefit improvements.
Yours truly,
Rick Evjen
Chairman of the Board
On behalf of The Board of Trustees
Marcel Alain Julius Hajdu
Reg Bruce Allen Hettinger
Court Deedo Bryan Rooney
Tom Wilkinson