ANNOUNCEMENTS

Short Term Disability

Published On: 08/13/24

Short-term Disability (A & S)2kopeople@gmail.com2024-08-14T18:46:52-05:00

MILA BENFITS

You may elect to defer ALL or a portion of your Vacation or Containerization Fund pay as a deferred contribution to your individual account.

These contributions are NOT treated as wages for federal income tax purposes; however, they are subject to Social Security (FICA) tax and depending on the state, may be subject to state or local income tax.

Eligible employees may elect to make voluntary contributions from your weekly payroll.

Forms are available from the Benefit Coordinator. These contributions are NOT treated as wages for federal income tax purposes; however, they are subject to Social Security (FICA) tax and depending on the state, may be subject to state or local income tax.

In-service Distribution

Must be 59 ½ years old
Limited to 20% of account balance
Account balance must be at least $25,000.00
Must attend an education meeting (in person or by phone).
Limited to one distribution every 2 years.
Must repay principal of prior distribution, through contributions, before another distribution can be requested.
All distributions are subject to 20% Federal Withholding Tax and may be subject to an additional 10% penalty if you are not 59 ½ years old or retired, UNLESS rolled over into a qualified IRA.

CONTRIBUTIONS

BASIC UNIT	$6 / HOUR

Terminal, Breakbulk, MC Special and MC General

SECONDARY WORKFORCE	$3.50 / HOUR

Terminal, Breakbulk, MC Special and MC General

ELIGIBILITY FOR FULL ROLLOVER/DISTRIBUTION

Upon Retirement
Permanently Disabled
1 calendar year without any contributions

MINIMUM REQUIRED DISTRIBUTION

Distributions must be taken by April 1st of the calendar year following the calendar year in which you reach age 73.

3460 N Delaware Avenue
Suite 108
Philadelphia, PA 19134

215.425.3805

Fax 215.425.7909

Disclaimer – Information on this website is not a guarantee of the type or amount of any benefits. [read more]2kopeople@gmail.com2024-11-25T20:54:18-05:00

Disclaimer – Information on this website is not a guarantee of the type or amount of any benefits. [read more]

Your rights to eligibility and to benefits can only be determined by the provisions of the Plan Documents, which are subject to revision by the Boards of Trustees.

Privacy Policy2kopeople@gmail.com2024-04-26T23:45:16-05:00

Privacy Policy

The ILA Benefit Fund Office takes the protection of your private and personal information seriously and we maintain strict compliance with HIPAA HITECH regulations and privacy laws.

Protected health information contained within this website is subject to the ILA Benefit Fund Office Privacy Policy. We will not disclose protected health information about you to anyone except as permitted by law.

Certain laws require disclosure of any or all protected health information we maintain on you to companies or affiliates that perform services on behalf of the Fund. If and when your protected health information is disclosed to such companies or affiliates, it is done strictly in compliance with the Privacy and Portability Act.

Webmaster Susan Bearman