This past week all our active and retired members received a letter from our International Graphic Communications Conference/IBT regarding the changes to the Benevolent Trust Fund.
The new payment procedure is the following:
Members who retired before January 1, 1990 the maximum payout is $2,000
Members who retired before January 1, 2017 the maximum payout is $2,500
Members who retire after January 1, 2017 the maximum payout is $3,250
Active members’ payout is based on years of service with a maximum of $3,250
The Benevolent Trust Fund is a death benefit awarded to the beneficiary named by the member.
If you have questions or unsure who your beneficiary is, please contact our office at your convenience.