Building Service 32Bj Health Fund
The Building Service 32BJ Benefit Funds is the umbrella organization responsible for administering Health, Training, Pension, Retirement Savings, and Legal Services benefits to Local 32BJ members. SEE SCHEDULE O
Building Service 32BJ Health Fund
The Building Service 32BJ Health Fund is a component of the Building Service 32BJ Benefit Funds, a group of multi-employer funds that provide a wide range of benefits to over 95,000 members and 180,000 covered lives in the United States. These funds have a combined asset portfolio of approximately $4 billion[1][2].
Structure and Administration
The 32BJ Health Fund is administered by a joint Board of Trustees, which includes both Union Trustees and Employer Trustees, ensuring equal voting power. This board structure is common across all the funds managed by the Building Service 32BJ Benefit Funds[1].
Health Benefits
The Building Service 32BJ Health Fund offers comprehensive and affordable health benefits to eligible Local 32BJ members and their dependents. It also administers the 32BJ North Health Fund, which covers members working in the Bronx and service trades. The health benefits are designed to provide quality care, focusing on managing chronic conditions and controlling costs for beneficiaries[2][3].
Organization Context
The Building Service 32BJ Benefit Funds, the umbrella organization for the Health Fund, is responsible for administering a variety of benefits beyond health coverage. This includes pension, training, retirement savings, and legal services. The organization supports members across multiple regions, including satellite areas outside its main New York City locale[2].
Governance and Oversight
The governance structure emphasizes collaboration between labor and employer representatives, ensuring that decisions reflect the interests of both parties. This balance in decision-making helps maintain the long-term viability of the fund and its ability to provide sustainable benefits to its members[1].
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