The UMWA 1992 Benefit Plan was established under the Coal Industry Retiree Health Benefit Act of 1992 (“Coal Act”). The 1992 Benefit Plan contracts with the UMWA 1974 Pension Trust for administrative services.
The 1992 Benefit Plan provides health benefits to individuals (and their eligible dependents) who, but for the enactment of the Coal Act, would have been eligible to receive benefits from the UMWA 1950 Benefit Plan or the UMWA 1974 Benefit Plan, based on age and service earned as of February 1, 1993; or are entitled to receive retiree health benefits from their last signatory employer as of February 1, 1993 but are not receiving such coverage. The individual must have retired from the coal industry on or before September 30, 1994.
All major policy decisions for the 1992 Benefit Plan are made by the board of four trustees. The duties of the trustees include collecting funds owed to the 1992 Benefit Plan, interpreting the provisions of the plan, and investing the assets of the trust.
The UMWA and the BCOA each appoints two trustees. Michael H. Holland and Carlo Tarley have been appointed by the UMWA, and Michael O. McKown and Joseph R. Reschini have been appointed by the BCOA. Mr. Holland is Chairman of the Board of Trustees.
UMWA 1992 Benefit Plan Summary Annual Report - Dec 2011