2018 Eastern Region Conference

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Presentation transcript:

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