International Union of Operating Engineers
Local 30

If Your Employment Ends

If you and your eligible dependents lose coverage under a Local 30 Benefits Trust Fund health plan due to a qualifying life event, you and your eligible dependents may continue coverage through COBRA Continuation Coverage. COBRA, the Consolidated Omnibus Budget Reconciliation Act of 1985, lets participants in medical plans to pay for the same coverage out of their own pocket.

Qualifying life events for you and your dependents include:

  • Termination from employment
  • Reduction of work hours
  • You divorce or legally separate
  • Your dependent children no longer qualify as dependents (for example, due to age)
  • You become entitled to Medicare
  • You die

If you or your dependent experiences one of these qualifying events and is no longer covered under the Local 30 Benefits Trust Fund medical plan, you or your dependent qualify for COBRA Coverage.

With COBRA coverage:

  • You keep the same medical, dental, prescription drug and optical plan you had before the qualifying event;
  • You must enroll within 60 days of the day you lose your previous coverage;
  • You pay for the full cost of coverage plus an administration fee, which typically adds to 102% of the cost of your previous coverage;
  • You may extend COBRA coverage after a second qualifying event.

Your coverage lasts from 18 to 36 months, depending on the qualifying event. See below for a table of how different qualifying events affect how long you may participate in COBRA Continuation Coverage.

If You Lose Coverage Because of This Qualifying Event...These People Would Be Eligible for COBRA Coverage...For Up To...
Your employment terminates for reasons other than gross misconduct You and your eligible Dependents 18 months
You become ineligible due to reduced work hours You and your eligible Dependents 18 months
You die Your eligible Dependents 36 months
You divorce or legally separate Your eligible Dependents 36 months
Your Dependent children no longer qualify as Dependents Your eligible Dependent children 36 months
You become entitled to Medicare Your eligible Dependents 36 months

Life insurance

If you wish to convert your group life insurance to an individual life insurance policy after your life insurance benefit ends, you must apply to the insurance company in writing and pay the first premium within 31 days after your employment ends.

Contact the Fund Office for more information about converting coverage.

All other Fund benefits

You cannot convert prescription drug, dental, vision, short-term disability, legal, or accidental death & dismemberment or death benefits to individual coverage.

If you are not employed by a Local 30 Contributing Employer, you may incur a permanent break in service. Qualifying for a permanent break in service depends on when you started working. For a permanent break in service:

  • If you are vested in the Pension Plan, you have a non-forfeitable right to a pension benefit, even if you leave covered employment before you retire.
  • If you are not vested in the Pension Plan, your previously earned pension credits and vesting service and your participation in the Plan are cancelled.

Time spent away from work due to service in the Uniformed Services or for disability does not count as a break in service.

For more information about how your Pension benefit is affected if your employment ends, please contact the Fund office.

If you are a Municipal employee your pension is through the New York City Employee Retirement System (NYCERS). Please visit the NYCERS website for more information.

If your employment ends with a contributing employer, you may receive your Annuity benefit.

  • Keep in mind that if you are younger than age 55, you may face a tax penalty of 10% of your benefit.
  • If you return to covered employment, either with a Local 30 Annuity Fund contributing employer or with a different employer, you may face the 10% tax penalty if you receive your Annuity benefit while you are younger than age 59½. 

You are always 100% vested in your Annuity account. That means you keep the money in your individual account, even when you leave employment.

You may keep your Annuity account administered by Fidelity, or you may rollover your account to an eligible retirement account of your choice. The Fund will no longer contribute to the account. [Note: Please confirm participants may roll over or keep their accounts if they leave covered employment.]

For more information about how your Annuity benefits, please contact the Fund office.