The summer 2010 issue of The Board Bulletin covers discussion and decisions by the directors of the Board of Pensions at their July 24 meeting in Philadelphia. Highlights include:
- Medical Plan changes are prompted by healthcare reform. The directors approved several amendments to the Medical Plan in order to comply with the Patient Protection and Affordable Care Act. Among the amendments was one to provide coverage to the adult children of covered plan members, up to age 26.
- The Board reports on Balanced Investment Portfolio returns. The Board of Pensions reported a negative 1.7% return for the 6 months ended June 30, 2010, and a positive 15.4% return for the 12 months ended June 30, 2010. The Pension Plan is fully funded.
- Special open enrollment for Optional Dental Program will be held. The Board will hold a special open enrollment from October 1 to November 15, 2010, to allow Benefits Plan members who previously declined Optional Dental Program coverage to enroll in the program without the usual coverage restrictions.
If you would like to receive The Board Bulletin by mail and have not already requested this service, please call the Board at 800-773-7752 (800-PRESPLAN) or email your request to Member Services.