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:
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:
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|
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:
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.
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.