What are “Health and Welfare” benefits?
Health and Welfare benefits include medical, prescription, dental, vision care, mental health, and life insurance coverage. Q: The term “Health and Welfare benefits” generally covers what type of plans? A: Health and Welfare benefit plans vary, as each type has eligibility requirements. The definition of “Health and Welfare benefits” includes all of the following: • medical plans • pharmacy plans • vision plans • dental plans • time-loss benefit • life insurance • dependent life insurance Q: Who pays for my Health and Welfare Plan? A: Premiums are funded by the Company and Associate contributions, with the Company funding the greater portion. Q: Who pays for my pension? A: Your pension benefits are funded by payments made by the Company. Q: What are Taft-Hartley funds? A: Taft-Hartley funds are the health care and pension benefit plans under which many of our unionized Associates are covered. The funds are “trusteed,” which means they are managed by Union-appointed and Company-appointe
