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MESSAGE FROM VICE-PRESIDENT
Vincent Caputo
As the Vice President, my duties and responsibilities encompass accompanying members to M.E.O. AND E.E.O. interviews, as well as adjudicating and investigating disciplinary charges lodged against our members. I can't overemphasize that no member should go to any interview without consulting myself or another Executive Board member. Depending on the circumstances, an attorney might be in-order.
Anyone receiving notice regarding interviews and/or investigations concerning I.G., I.D., E.E.O., District Attorney and/or Corporation Counsel should notify me forthwith at 1-917-509-9819. Vincent Caputo
![]() As we come to the end of another calendar year, I would like to be able to tell you that your investments in your Annuity and 457K have done well, but as we know the volatility of the financial market coupled with the greed of the CEO's of Major Corporations have produced a veritable recession. Major Corporations are going bankrupt and lay-offs abound by the thousands. The one bright light regarding the losses to our Annuity Fund is the fact that we negotiated lump sum payments of $5,000, effective April 1, 2009, for all ADW, DW and DWIC's who were on active payroll January 3, 2008.
In addition all ADW, DW and DWICs will receive an additional $3,000 lump sum payment into their Individual Annuity Account on
In addition to the above effective
1. In Active Pay Status as of
2. Not at top pay on
Regardless of their actual status on July 1, 2010.
TO SUMMARIZE: All Members who were in our Association in active status from
Those select DWs who were in Active Pay Status from
Our negotiated Collective Bargaining Agreement mandates; ADWs receive $3.00 a day x 261 for a total of $783.00 dollars a year, in their Annuity Fund; DWs and DWICs receive $5.00 a day x 261 for a total of $1305.00 dollars a year, in their Annuity Fund. It would take several years to amass the $8,000 and $10, 690 Lump Sum Negotiated Payments. Our Money Managers are closely monitoring the financial market. Our financial portfolio is presently at 60% secure investments and 40% equities. Lastly the Health & Welfare Fund, which pays your Dental, Eyeglasses, Prescription Drug reimbursement, etc., is invested very prudently. We have accumulated a 16 month funds reserve, which far exceeds the recommended twelve month reserve. Your Executive Board most recently negotiated new benefits in an attempt to ensure the Health & Welfare of our membership.
Fraternally yours,
Nick Treasurer MESSAGE FROM THE
Fellow Members It has been one year since I was elected to the Executive Board of the ADW/DWA. One of my primary duties as the Secretary of the Association is to coordinate, monitor and enhance the Benefits of our Association. I have always believed that besides salary and work conditions, the benefits unions provide to the membership are paramount and invaluable in times of economic hardship. Your Basic Health Plan (i.e., HIP GHI, Your Union Health & Welfare Fund (AKA Security Benefits Fund) provides Active Members with Dental; Prescription Drug Reimbursement; Vision; Life Insurance; Legal Services plan (House Closing, Wills, etc.); Hospital Income Benefits; Maternity; ambulance; Annuity and recently our newest benefit Body Scan Imagery to detect Cancer and Heart disease in the initial stages for Active and Retired Members. Upon assuming the post of Secretary, I was directed by the Association President and Vice President to research, solicit and seek proposals for increases in our benefits package. In addition I assumed the committee leadership along with the Recently we encompassed HealthPLEX into our dental provider options for Active and Retired Members. As I enter my second year as Secretary, we will continually monitor what benefits can be improved and what new benefits can be obtained for our membership all in a fiscally prudent manner. Thanking you for the opportunity to serve you. Fraternally yours, Yvonne A Message from the Deputy Warden Advocate
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Fellow Members