2018 Eastern Region Conference Omni La Costa Resort & Spa Carlsbad, California April 18, 2018
2017 Plan Highlights
Individuals participating 571,505 Individuals participating in the NEBF. *preliminary estimate
143,450 Retirees or surviving spouses receiving monthly benefits. *preliminary estimate
Net assets available for benefits $14.2 billion*. Net assets available for benefits *preliminary estimate *preliminary estimate
12.5 percent* Investment return *preliminary estimate
worked in covered employment 506 million hours* worked in covered employment *preliminary estimate *preliminary estimate
In employer contributions. $579 million* In employer contributions. *preliminary estimate
Pension Protection Act (PPA) 2017 82.96 percent funded to all accrued benefits “Green Zone”
Pension Protection Act (PPA) 2017 88.0 percent funded to all vested benefits “Green Zone”
Participation Agreements Types
Working Owners
Collective Bargaining Agreement 3% gross pay OR Cap
Participation Agreement 3% “capped” wages 3% actual wages OR
Extension of the Return to Trade Amendment for calendar year 2018. NEBF Initiatives Extension of the Return to Trade Amendment for calendar year 2018.
NEBF Initiatives NEBF Online Benefits
2017 Plan Highlights
Total NEAP Participants as of December 31, 2017 110,780 Total NEAP Participants as of December 31, 2017
$7.6 billion* Net assets available for benefits *preliminary estimate
10.9 percent* The investment return *preliminary estimate
$535 million* Total contributions *preliminary estimate
$258 million* Total payments *preliminary estimate
2017 Life Stage Funds’ Performance
14.34%
12.85%
11.2%
8.71%
6.42%
NEAP Initiatives Quarterly statements available online.
Spending 2x more than any other country on healthcare.
More Rx drugs than the entire world.
U. S. Surgeon General “Sickest generation ever.”
Teaming Up to Provide Affordable Healthcare
Over 95,000 members
Participating IBEW Local Unions and their related NECA Chapters. FMCP Represents 173 Participating IBEW Local Unions and their related NECA Chapters.
FMCP Represents 366 Single employers or related organizations have signed participation agreements to join the FMCP.
FMCP Represents 133 New groups that have joined the FMCP since 2011.
FMCP Represents
FMCP Offers 5 Plans Plan 14 Plan 15 Plan 16 Plan 17 Plan 18 Multiple benefit schedules available including medical, prescription, dental, vision, disability insurance and life insurance. Plan 16 Plan 17 Plan 18 FMCP also offers a Health Reimbursement Account (HRA).
Average Annual Increase 4.9%
FMCP Service Providers
FMCP Service Providers
FMCP Service Providers
FMCP Service Providers
FMCP Service Providers
Our Vision . . . To become the best healthcare plan available by providing an increasingly cost-effective, service driven and, innovatively managed plan.
January 2018
UM - CM
AIM Program
New Claims Processing System
Member Engagement
Please Visit Our Websites www.nebf.com www.neap.org www.nifmcp.com