Tuesday, June 18, 2024

Your Pension Benefits


 

Important Update Regarding Deadline to Take Actions Related to Your Plan Benefits

Some deadlines related to your Plan benefits may be affected by new guidance from the Department of Labor. Beginning on March 1, 2020, you and your eligible dependents became eligible for up to a one year extension for the following deadlines:

  • Period to file a benefit claim under the Plan's claims procedure; and

  • Period to file an appeal of a claim denial.

Until recently it was not clear that this extension period would be limited to a maximum of one year. Therefore, if you were previously told that a deadline would be delayed during the "outbreak period" of COVID-19 it is important to understand your extension is limited to one year from when the extension applicable to you started. Additionally, consistent with guidance from the Department of Labor, once the COVID-19 national emergency is declared over, your extension will end 60 days later regardless if it has not been one year since you first became eligible for the extension.

For example:

If you were eligible to take one of the above actions on March 1, 2020, the deadlines noted above were extended until February 28, 2021.  The deadlines are now running again and you now have a limited number of days to take action.

If you became eligible to take one of the above actions on January 1, 2021, the deadlines noted above are extended until the earlier of (1) the end of the COVID-19 national emergency plus 60 days or (2) December 31, 2021.

We will post additional information when the national emergency is declared over. Please regularly check back here for additional information.  If you have any questions regarding these extensions and how they apply to your situation, please contact the Plan Office.

 

Your Pension Benefits

The Board of Trustees is pleased to welcome you to the new website for the Indiana/Kentucky/Ohio Regional Council of Carpenters’ Benefit Funds. Within this website, you will now have access 24 hours a day, 7 days a week to commonly requested forms, useful links, and frequently asked questions regarding your benefits provided by the Plan. As always, please feel free to contact the Benefit Office at (800) 700-6756 if you have any additional questions or concerns.

** Effective 8/1/2018, BeneSys is the new administrator of the Indiana/Kentucky/Ohio Regional Council of Carpenters’ Pension, Indiana Carpenters' Pension, and Indiana State Council of Carpenters' Pension Funds. Additional Information regarding your Pension benefits will be added soon!