Welcome to Our Newest Trustee and Changes to our Rehabilitation Plan

On behalf the Trustees, I extend to all of our Participants and their families best wishes for the New Year.

I also welcome the appointment of Joseph Sellers Jr. to the Board of Trustees.  As most of you know, Joe became the SMWIA General Secretary-Treasurer midway through 2011.  I’ve known Joe for many years and commend General President Nigro and the GEC on a very wise choice.  He is an experienced union leader and trustee and I appreciate his willingness to serve.  Joe replaces John Christiansen, former Business Manager of Local Union No. 88 (Las Vegas, NV).  John is now an SMWIA International Representative.  The Trustees thank John for his service during some of the Fund’s most challenging times and wish him luck in his new assignment.

Now to the Rehabilitation Plan…  After extensive study, the Trustees have amended the Rehab Plan to provide for a Second Alternative Schedule effective this year.  We have also made an addition concerning contribution obligations under the current Alternative Schedule and have spelled out the consequences that follow the failure of bargaining parties to make contribution increases after an Alternative Schedule CBA expires.  For a summary of these changes, click on the Rehabilitation Plan heading.

Thank your for your attention and support.

Fraternally Yours,

Michael J. Sullivan

Chairman, Board of Trustees