Top News from the Steamfitters Industry Fund
Free Check Cashing NEW
[5/9/2013] - As a reminder, please utilize the attached bank locations for your benefit checks to be cashed, rather than paying a fee at a check cashing facility. link
Steamfitters' Quarterly Meeting - April 24, 2013
[4/26/2013] - Please be advised that at the Steamfitters' Union Quarterly meeting held on April 24, 2013, the membership voted to add $1.25 to wages and deduct $0.25 from wages and add it to union dues for the Target Fund. more
SRP & NY Life
[4/12/2013] - As of this morning, we are out of the blackout period. The website is live and you can make any transactions you would like.
Please either call 800-294-3575 or go on line at mylife.newyorklife.com and register to establish your pin and access. For those with smartphones, there is also a phone app which will utilize the same user id and password. more
Vacation Payout Checks
[4/10/2013] - Vacation payout checks for balances as of March 31, 2013 were mailed on April 10th. Those of you who opted to take advantage of direct deposit, will have your money deposited on April 11th into your bank account. more
Steamfitters' 1st Quarter Statement of Earnings
[4/4/2013] - Your first quarter 2013 statement of earnings were mailed to you on April 4, 2013. If you find any discrepancies, please call the Fund Office immediately at (212) 465-8888, option 5. more
Important Supplemental Retirement Plan benefit changes for 2013
[2/25/2013] - The attached transition letter and brochure have been sent out by New York Life to all steamfitters in the Supplemental Retirement Plan regarding the transition from Mercer to New York Life effective April 1, 2013. link
Metal Trades Branch Years of Credited Service
[1/21/2013] - Please be advised the Metal Trades Branch Years of Credited Service letters were mailed on January 21, 2013. Please review them carefully, if you have any discrepancies please contact the Fund Office as soon as possible at 212-465-8888 option 3. more
Metal Trades Branch 2nd half 2012 Statement of Earnings
[1/9/2013] - Your statement of earnings for period ended December 31, 2012 were mailed to you on January 8, 2013. If you find any discrepancies, please call the Fund Office immediately at (212) 465-8888, option 5. more
Steamfitters' 2013 Benefit Change Announcement
[12/20/2012] - Important Benefit Announcement Regarding Your Health Coverage link
Metal Trades Branch 2013 Benefit Change Announcement
[12/20/2012] - Important benefit announcement regarding your health coverage. link
Attention Quest Lab Users
[9/24/2012] - It has come to the Welfare Fund's attention that random Quest Labs are asking for a $40 "courtesy" co-payment from all patients regardless of the coverage they have. Empire BlueCross cannot contractually prevent Quest Labs from asking for this "courtesy" co-payment.
Our EPO and MediBlue co-payment is $0 (zero) for using Quest Labs. Therefore, do not pay any amounts to Quest Labs. Quest Labs continues to be in our network and you have full coverage.
Should you have any questions about this matter please contact the Fund Office at 212.465.8888, Option 4.
The 2011 administrative charge for the Vacation Plan has been posted .
[6/18/2012] - The 2011 administrative charge for the Vacation Plan has been posted to participants accounts.
For your information, the administrative charge is $23.43 per participant and every account that can sustain the charge has had this amount deducted. If an account had less than that amount, the charge was whatever amount the account could sustain. All members are charged regardless of status. This was the first time a charge was necessary since the year 2005.
2011 income allocation and administrative charge for the Security Benefit Fund
[6/7/2012] - The 2011 income allocation and administrative charge for the Security Benefit Fund have been posted to participants' accounts.
For your information, the income allocation percentage was 5.0497% of the participant's average balance in 2011. This average balance is determined by taking the four quarterly closing balances in 2011, adding them up and dividing by four. This average balance is then multiplied by the percentage and the amount is debited to the participants' accounts.
The administrative charge is $297.33 per participant and every account that can sustain the charge has had this amount deducted. If an account had less than that amount, the charge was whatever amount the account could sustain. The following members will not be charged at all; pensioners with a balance of $2,500 or less and deceased members with a balance greater than $10.00.
If you need additional information, please call the Security Benefit Fund dept. at 212 465-8888 option 4.
Construction Trades and Metal Trades Branch Welfare Funds
[4/3/2012] - As you may have read, seen on TV or heard on the radio, Medco Health Solutions recently merged with Express Scripts. However, there are no changes whatsoever in our prescription drug coverage. Our plan of benefits and the Medco contact information (telephone numbers, web sites, etc.) all remain exactly as they had been. Your Medco ID card remains 100% valid for retail and mail order prescriptions.
Please contact the Welfare Fund at Option 4 should you have any questions about this matter.
Information regarding your health benefits
[8/10/2010] - Effective as of August 1, 2010, the Empire BlueCross PPO has expanded its in-network laboratory network. In addition to Quest Labs, the following laboratories are now considered in-network: LabCorp, DIANON System, Centrex Clinical Labs, BioReference Labs, Enzo Clinical Labs and Sunrise Medical Labs.
Contact the Fund Office at 212 465-8888 option 4 with any questions. more
Fund Office Forms
[11/5/2008] - Please be advised all forms must be mailed or dropped off to the Fund Office, we cannot accept a fax. more
Welcome to the Steamfitters Industry Fund
The Steamfitters Industry Trust Funds are the employee
benefit programs providing pension and welfare benefits to
the 6,000 active and retired members of Steamfitters Local
638, their dependents and beneficiaries. These programs
include both the Construction and Metal Trades Branches of
These funds, organized under the Taft Hartley Act of 1947,
include two defined benefit and one defined contribution
pension plan, two health and welfare funds, a security
benefit fund, a vacation plan and two educational funds.
The purpose of this site is to provide plan participants
with information regarding these funds, including summary
plan descriptions, benefit forms, current fund news and
other documents which may be useful to the Funds.
The Trustees of the Funds reserve the right to change or
amend any plan rules or regulations, as well as modify,
increase, decrease or eliminate any benefits provided under
the Plans at any time without prior notice. Not withstanding
anything to the contrary, the Trustees shall have the sole
right to interpret any ambiguity in the Rules and Benefit
provisions described herein.