The road to retirement can be an adventurous challenge. One of the tools the Sailors' Union offers is the 401(k) investment program. Columbia Funds offers many services for 401(k) participants that you may not be aware of. Participants can get immediate information on their accounts by phone or on the internet. Columbia may be reached at 1-800-547-1037 or by the web site at www.columbiafunds.com.
Our members have access to all the services of Columbia Funds. These services can range from financial and goal planning to managed allocation portfolios. The participants in the S.U.P. 401(k) plan may also talk to our own account representative who can assist you with any questions you may have on your investments. You may call the Welfare office for phone numbers and e-mail information.
Columbia plans to open an office in the San Francisco area late this summer. This will be a benefit for those participants who would like a personal financial contact.
A NOTE REGARDING MEDICAL PREMIUM REIMBURSEMENTS
When you are submitting claims for your supplemental medical payments, it is necessary that you submit a letter from your health insurance company with your name on it stating how much the monthly statement is for yourself.
When the retiree submits this letter with the explanations to the Welfare Plan, he must also include a copy of cancelled checks along with a copy of the coupon with the specific months that the Plan is reimbursing. If your premiums are withdrawn from your bank account electronically, we will need a copy of your bank statements showing the deduction. You may cross out any account numbers or any information that does not pertain to your claim with the Welfare Plan. What all of this means is that just sending in cancelled checks and/or money orders alone is not acceptable. The Welfare Plan needs itemized bills, dates of service, and a description of services in order to process your claim.
REMINDER: THE NEW FISCAL YEAR ON YOUR ANNUAL ALLOWANCE STARTS AUGUST 1, 2001.