The Board of Trustees of the I.B. of T. Union Local No. 710 Pension Fund is very pleased to provide you with this Summary Plan Description, effective as of January 1, 2022. This booklet describes in detail the terms of your Pension Plan, and how you and your family can enjoy its benefits. Please keep it with your other important papers so that you can refer to it easily.

Since the last Summary Plan Description, there have been many changes. For example, certain participants earned what are referred to as Level 2 benefits from 2011 through 2019 (see pp. 16-17). Level 1 participants who work in covered employment after December 1, 2019 and who retire after age 50 with 25 years or more of service are entitled to a $400 increase in the Level 1 25 year Pension benefit rates (see pp. 22-23). Future accruals changed to 0.55% multiplied by contributions for all covered employment on and after January 1, 2020 (see p. 13). And legal requirements have dictated changes in self payments effective January 1, 2022 (see pp. 47-49).

Did you know that prices for the same quality medical
services can differ by thousands of dollars within the
same region and health plan network? Blue Cross and
Blue Shield of Illinois (BCBSIL) provides Member Rewards
– a program administered by Sapphire Digital that offers
cash rewards when a lower-cost, quality provider is
selected from several options.

The Fitness Program gives you flexible options to help you live a healthy lifestyle.

Since you are a Blue Cross and Blue Shield of Illinois (BCBSIL) member, the Fitness Program is available exclusively to you and your covered dependents (age 16 and older).* The program gives you access to a nationwide network of fitness locations. Choose one location close to home and one near work, or visit locations while traveling.

Did you know the same medical procedures can vary widely in price, even
in-network? When you shop with Member Rewards, you can save on your
out-of-pocket costs and earn cash rewards. This program is part of your
health plan benefits and administered by Sapphire Digital.
It is quick and easy to shop with Member Rewards.