Health & Welfare
Affordable Care Act Notice
This notice was sent to all active participants in the Chicago Laborers’ Welfare Fund on behalf of their employers as required by the Affordable Care Act, sometimes called Obamacare. Participants in the Chicago Laborers’ Welfare Fund do not need to shop for different or additional insurance. The Welfare Fund’s health coverage is considered affordable and adequate as defined by the Affordable Care Act because it covers at least 60% of eligible expenses. This means Chicago Laborers’ Welfare Fund participants do not need to take any action. Read more...
New Caremark Maintenance Choice Benefit
Effective February 1, 2013, if you go to a Caremark Pharmacy, you have the option to participate in the Maintenance Choice Benefit. This benefit gives you a lower price for a 90-day supply of a maintenance drug. You can also order your 90-day supply through Caremark's mail order service.
You will still be responsible to pay for your medications purchased at a participating CVS Pharmacy or ordered through the mail order service. Remember to submit a copy of your paid receipt for reimbursement.
Pension
1099-R Tax Forms
The Internal Revenue Service requires the Fund to report pension recipient's earnings to the IRS by Form 1099-R. Form 1099-R forms are mailed by January 31, 2014. If you do not receive Form 1099-R or if you need another copy, please contact the Fund Office. This request can be made via mail, telephone or email Pension@chilpwf.com.
Pension payments to "Non-Resident Aliens" (non-US citizens, collecting pension benefits while residing in another country) may be subject to federal tax withholding under IRS Section 1441. For these pensioners, you will not receive Form 1099-R, instead you will receive Form 1042-S showing your earnings and federal withholding tax withheld. As a Non-Resident Alien, different tax rules apply to you. Please consult with your tax advisor or the Internal Revenue Service for more information.
Annual Statement Required from Pension Recipients
With your February 2014 pension check, you received an Annual Statement that needs to be completed and sent back to the Fund Office by May 15, 2014. Pensioners with direct deposit received a separate mailing containing the Annual Statement form. This form is sent every year to verify you received all of your pension checks from the prior year, to verify your mailing address, to update your file with any new information, and to verify that you are not working in any employment prohibited by the Plan rules. A Summary About the Kinds of Work Not Allowed is also sent every year and is included with this mailing. Read more...