The Board of Trustees met on November 9, 2018 and voted to increase the benefit for all retirees, past, present and future. This change shall be effective January 1, 2019. The change will enhance the benefits our retirees are receiving or will receive in the future by an additional seventy five dollars ($75.00) per month.
This change has been made possible by the Board's financial management practices it has made since the inception of the Fund. Because of good financial decisions with its investments over a long period of time, they are able to provide this enhancement with investment income.
The Board realizes that medical costs and inflation has been increasing and will continue to increase in the future, placing an increasing financial burden on our retirees. They realize every little bit helps and feel this will help offset some of those additional financial expenses.
As always, if you have any questions or need additional information, please do not hesitate to contact me or Rick Rhodes at the above reference number.
From the Board of Trustees and all of us at the Fund we wish you a safe and healthily new year.