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In compliance with the Affordable Care Act participants who wish to purchase benefits effective on the 91st day of employment at the prevailing COBRA rate should contact the Fund at 215-561-2722. Otherwise, benefits are effective after five months of employment.
IMPORTANT NOTICE! Workers’ Compensation Reminder
SAVE THE DATE - This year the Educational Conference sponsored by the PFT Health and Welfare Fund is Friday, March 18 and Saturday, March 19, 2016. Please mark your calendar.
HOT FLASHES - WHAT'S NEW:
▪Earn 12 Act 48 Hours - The PFT Health and Welfare Fund is offering Fall Professional Development - MANAGING STUDENT BEHAVIOR - Classes begin Thursday, October 8 through Thursday, November 12, 2015. See the attached flyer for additional information. HURRY! Registration starts now and ends October 2, 2015. ERD/Managing Student Behavior Flyer - Fall 2015.pdf
YOUR SOCIAL SECURITY BENEFITS - When to Claim and How to Optimize your Social Security Benefits ("Bruce D. Schobel, CEBS, International Foundation of Employee Benefit Plans, Benefits Magazine, page 16-20, April 2015.") Documents/Schobel.pdf
▪ WHAT'S NEW FOR RETIREES. - Q&A - Prescription Drug Plan for Retirees Eligible for Medicare - follow the link to view important FAQ. Documents/FAQ Prescription Drug Plan for Retirees Eligible for Medicare.pdf
▪PSERS Update - You should be aware of the following information and how it may impact our pension. Documents/Pension Forfeiture.pdf, Documents/PSERS.Retirement Estimate Issue.pdf, ../PSERS/Your Beneficiary and Divorce.pdf, Please see your PSERS Active Member Newsletter, Vol. 3 - 2014 for more information.
▪SUMMARY OF BENEFITS and COVERAGE (SBC) for active members is attached - follow the link - Documents/PFT HWF 2014 PFT Members.pdf
▪RETIREES - SUMMARY of BENEFITS and COVERAGE (SBC) for Retirees is attached - follow the link for summary. Documents/PFT HWF 2014 PFT RETIREES.pdf
▪ PSERS web site has information available regarding the new classes, T-E and T-F. especially for new members. PSERS shows you their option to convert to T-F. The link is below, If you are interested, follow the link - http://www.psers.state.pa.us/tf.htm
▪ Education Research and Dissemination Program - Course Offerings of ER&D. The attachment outlines the course offerings. Educational Research and Dissemination Program
▪UPDATED MONTHLY - The listings of participating dentists by specialty and by county. Click on the DENTIST? button. We now have listings for Dentists who have joined since the last listing.
▪RETIREMENT PLANS: Teachers planning to retire at the end of June may retain their Personal Choice or Keystone coverage through August 31, provided that the Office of Retirement receives a “Notification of Retirement / Resignation” form on or before April 15. Forms may be obtained on-line at www.philasd.org or by contacting the Retirement Office located at The School District of Philadelphia, Department of Human Resources, Retirement Office, 440 North Broad Street, Suite G-8, Philadelphia, PA 19103, Phone 215-400-4680. To locate the forms on line at the School District’s site, type www.philasd.org, then click on Employees column on the right hand side – click Retirement, 2nd paragraph click the link to “Notification of Retirement” form and download form. REMEMBER to call the H&W Fund Retirement Office at 215-561-2722 to make an appointment for questions and answers regarding your retirement options.
▪ATTENTION-GETTING READY TO RETIRE?The PFT Health and Welfare Fund wants to remind those members thinking about retirement to be aware of Act 43. Act 43 allows retirees to continue to purchase the basic health care they had purchased during COBRA until they become eligible for Medicare. To take advantage of Act 43 retirees must meet one of the following requirements.
When you receive a COBRA letter from the School District, note carefully the time period offered. If you have any questions, please call the Fund at 215-561-2722.
If you lose time from work while on workers' compensation status, a retirement deduction will NOT be made. Upon your return to work, you are eligible to purchase service credit. You may contact the Retirement office at 215-400-4680 for further information.
Participants who elect to participate in a Medicare Part D Plan (either through “Medicare Advantage Plan” with a prescription benefit or a stand alone “Prescription Drug Plan”) are not eligible for the benefits from the “Fund”.
If the Medicare Part D Plan benefits cease to be available (either nationally or in the Participant’s geographic area), the Participant shall be permitted to resume coverage under the “Health and Welfare Fund” upon submitting a written proof of their enrollment in the Medicare Part D Plan which has ceased to be available.