Michigan Conference of Teamsters Welfare Fund (MCTWF) Coverage
Thursday, May 09, 2013
TO: MITA Teamsters POA Contractors
FROM: Michael A. Nystrom, Executive Vice President
DATE: May 9, 2013
RE: Michigan Conference of Teamsters Welfare Fund (MCTWF) Coverage
As part of the recently negotiated collective bargaining agreement with the Teamsters, an “Opt-Out” provision was included, which allows for a Teamster to opt-out of the MCTWF and the savings on the weekly contribution will be split 50% to the employer and 50% to the employee (to be included in the weekly paycheck).
The Michigan Conference of Teamsters Welfare Fund is required by the IRS to send the attached Memorandum of Understanding to each employer, confirming that the employer and the local union have agreed to an addendum to their collective bargaining agreement allowing bargaining unit employees to opt out of the MCTWF coverage.
If an employee seeks to opt out of the MCTWF they must submit a fully completed and executed Participation Opt Out Application for Employee and Family so that it is received by the MCTWF by the applicable dates listed in the Memorandum.
If you plan to take advantage of this “Opt-Out” provision with any Teamster that you may employ, you must sign the attached Memorandum of Understanding and also submit the date (current plan year) of your Section 125 compliant cafeteria plan.
Please return this information via email to email@example.com, or by fax to 517-347-8344.
Click here to view/print the Memorandum of Understanding.