Update Information on Medicare Advantage Plan

On 12/15/22, Harry Nespoli, Chair of the Municipal Labor Committee issued a memo on Arbitrator Martin Scheinman decision regarding ongoing health matters. According to the memo “ in light of the delay in implementing the Medicare Advantage Plan and the hastening draw down of the Stabilization Fund, the City had applied to Scheinman to enforce the 2018 Health Agreement”. The report indicated that Scheinman found the Stabilization Fund had effectively run out of money and that the City and MLC should proceed to negotiate appropriate terms for an MA plan with Aetna within the next 25 days. Assuming terms are agreed upon, he directs that the MLC put that agreement to a vote. Should the MLC not approve the Aetna program, the matter would revert to him for consideration of how benefits provided for by the Stabilization Fund – including the provision the GHI-CBP premium-free – are to be paid for, including the imposition of premiums on actives and pre-65 retirees. The MLC is working to vet a possible agreement with Aetna informed by past experience with the Alliance is underway and we will continue to press to protect our members and retirees as we navigate the needed changes. Click here to review the memo by Chair Nespoli on Scheinman's decision. Click here to review the Comparison Report on GHI Senior Care vs Aetna MA PPO ESA.

President Powell has issued a response to the misinformation on health care. There is much misinformation being spread about the proposed amendment on making a change to the Administrative Code. “Making the limited proposed change to the Administrative Code preserves premium – free health benefits for all and restores the ability of the MLC to negotiate plan options. It does not change the statutory obligation for the City to provide premium- free health benefits  to actives , pre-65 retirees, Medicare- eligible retirees and their dependents. NO one is selling off future benefits’. Click here to review our President’s response in its entirety.

PO Anthony Smith Homegoing Services

With deepest regret we announce the passing of PO Anthony Smith which occurred on Friday, November 25, 2022

The Viewing will be held on Friday, December 9, 2022 from 12:00 Noon - 1:00PM and the Funeral Service will immediately follow the viewing @ 1:00 PM. The Viewing and Funeral Service will be at:

McCall's Bronxwood Funeral Home

4035 Bronxwood Avenue

Bronx NY 10466

718-231-7647

He will be truly missed.

Stacy Braun Associates Financial Planning Webinar Video and Powerpoint is Now Available

This is an Active Members Only Benefit

On 11/2/22, Stacy Braun Associates held a financial webinar for all UPOA active members. It was a success and they have provided us with the webinar video as well as the powerpoint for members to review. If you missed the presentation or just need to refresh your memory please click on this link for the webinar or click on this link to view the powerpoint presentation. If you have any questions, please contact Stacey Braun Associates, Inc. the provider of United Probation Officers Association’s Financial Planning Benefit for Active Members only, at www.staceybraun.com or (888) 949-1925.

Financial Planning Essentials Webinar 11-2-22

Please join us for this exciting webinar on Wednesday 11-2-22 @ 4:30 PM by Stacey Braun Associates, Inc. in order to learn tips, tricks, and advice on how to be best prepared when making important financial decisions. Learn more and register here.

Attend this webinar to learn more about:

Budgeting and ways to improve a Credit Score

Tax-advantaged ways to save for College

Tax-advantaged ways to save for Retirement

Investing choices within a Retirement Plan

The importance of a sound investment strategy

Types of Insurance you should consider

Your NYC Pension

Your Social Security Benefit

Taxation of Pension, Social Security, and Retirement Plan withdrawals

The importance of an Estate Plan