Board of Trustees Announces Improved Vision Benefits and Other Changes to the Pension and Health Plans, Effective January 1, 2020
This year-end issue of the Spotlight on Benefits newsletter announces several changes to the Pension and Health Plans, effective January 1, 2020, including vision benefit improvements to reduce the amount you pay out of pocket for common network services like contacts, lenses and frames. Also included are adjustments to the minimum earnings threshold for Health Plan coverage, the addition of a new premium tier for retiree spouses under 60, and changes to the pension benefit accrual rate for new (Basic) Pension Plan participants.
Also, be sure not to miss the back cover announcing the Plans’ new online benefits portal, myPHP, available now to all participants and dependents age 18 and over. MyPHP provides 24/7 access to your contributions, estimated pension benefits, Health Plan eligibility status, medical claims, annual and quarterly statements, and more.
