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S.P.F.P.A. Sponsored Health & Welfare Programs

sored Benefit Programs

Historically the bulk of negotiations have been spent on language, work rules, and wages. Employers have made the bulk of the decisions regarding benefits: what, who, plan design, etc.

Because of the dramatic changes in technology and our aging population, the price for healthcare is and will continue to skyrocket. The SPFPA leadership understands it must spend more time during negotiations with issues concerning benefits to obtain more control over our destiny.

The SPFPA Executive Board has empowered our Benefit Specialists, Humanomics, to move expeditiously to implement benefit program that will fill a strong need at your local level: quality benefits at affordable prices.

We realize that some of you now receive cash in lieu of benefits, and that this practice has created an extreme hardship in situations where an unexpected medical crisis may have arisen. Others have been forced to stand by and watch as you and your fellow members' current benefits shrink or disappear in an environment of spiraling medical costs. Still others have serious concerns about having adequate savings to supplement Social Security in retirement. While there is no easy "one size fits all" solution, we clearly see that this is a crucial need that must

be addressed to protect our members in the near term and out into the future.

We are pleased to be able to provide a variety of solid benefit plans from which to choose. Since you at the local level are uniquely tasked with managing in keeping with the best interest of your members, you are best qualified to choose the plans that best fit with your membership's needs and goals.

Here's how it works

Medical Benefits

Upon invitation, a Humanomics Benefit Specialist participates in negotiations, leveraging their knowledge and expertise in the Benefits discipline to effectively counter the Management attorneys and Human Resources professionals. Local leadership and members take part in benefits discussions to clearly identify needs. The union obtains agreements from the employer to enable the union sponsor and choose their own benefits.

Competitive bidding is conducted, and the Local members choose from several options that provide the best value in your specific location.

Once the benefit plans are selected from the available options, a solid and reliable Third Party Administrator is used to receive the funds, pay the bills, and insure that everything is legally compliant.

Enrollment meetings are conducted, along with quarterly follow-up-meetings. Every effort is made to insure that members use, understand, and appreciate their benefits as a part of their total rewards package.

Pension Plans

At your request, Humanomics will set up an account for your local within the SPFPA Internationals Pension Plan that has been established via a Taft Hartley Trust.

The plan is already established with a reputable, financially solid Third Party Administrator. Your local is simply added to the SPFPA's International Plan.

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401 (k) PLAN COVERAGE

The Plan features tax deferred savings via a variety of investment choices, (1) easy access to account information via phone or interest, and unlimited changes to investment selections. Our vendor also provides investment online and through onsite meetings. Members also receive quarterly statements.

Vender Choices: Transamerica Retirement Services (2)

1. Group Annuity Contract ( investment contract) form # TA-AP-2001-CONT is underwritten Transamerica Financial Life Insurance Company (TFLIC), Purchase, New York and administered by Transamerica Retirement Services

2. Transamerica or Transamerica Retirement Services (TRS) refers to Transamerica Financial Life Company (TFLIC), TRS markets the products and services of TFLIC and its affiliates.

For more information about SPFPA Sponsored Benefits, please contact Humanomics Insurance Services, Inc. at (877) 315-4195.