Over 450,000 active and retired workers of 1199SEIU United Healthcare Workers East get a variety of comprehensive benefits from the 1199SEIU Funds, which are among the most powerful and substantial labor-management funds in the country. Members of the 1199SEIU receive affordable or free training, education, job security, and child care benefits through the Benefits and Pension, Training and Employment, and Child Care Funds. They also have access to superior health benefits and a defined monthly pension after retirement.
1199SEIU FAMILY OF FUNDS
Through the Local 1199 Benefit Plan, the 1199SEIU Funds were established. Just 300 retail pharmacy employees in New York City were to get modest health, disability, and life insurance coverage through the organization, which was founded in 1945. The Benefit Fund started acting as its own self-administrator and insurer in 1948. Since that time, the Fund has expanded and has given the foundation for other benefit funds that cover healthcare employees across the whole industry in hospitals, nursing homes, and home care organizations. Today, nearly 400,000 members, retirees, and their families have access to a comprehensive package of benefits, like a hospital, medical, pharmaceutical, dental, vision, and quality-of-life benefits, through four jointly run Benefit Funds.
To guarantee financial stability for 1199SEIU retirees, the Health Care Employees Retirement Fund was formed in 1951. There are currently three 1199SEIU Retirement Funds, which provide over 114,000 retirees and their heirs with defined monthly payments. The aggregate assets of the three pension funds total more than $13.7 billion, making them the fourth-largest Taft-Hartley fund in the country.
New 1199SEIU funds have been developed over time to accommodate changing member needs and the needs of the healthcare sector. In order to offer education and job training courses for healthcare professionals, the Training and Upgrading Fund was established in 1969. It has now developed into a collection of programs called the Education and Employment Funds that provide assistance to more than 40,000 people annually across the healthcare profession. With RN-specific job training and academic assistance, these programs assist workers as well as the demands of the industry at large, assisting in meeting the difficulties of developing trends and addressing problems like the nurse shortage.
The 1199SEIU Children Care Funds are the most recent inclusion in the 1199SEIU Funds. Through accessible child care, youth, and educational programs, the 1199SEIU Employers Child Care Fund, established in 1992, aids members in juggling their obligations at home and at work. The two Funds now collectively offer more than 12,000 kids annually after-school and weekend programs, summer and holiday camp possibilities, and educational programming including SAT and college preparation classes. This is thanks to the recent inclusion of the Greater New York Child Care Fund.
The Funds are a significant resource for healthcare by working with the Union and businesses to develop, maintain, and support a competent workforce, fulfilling the goal of creating a robust industry that enhances patient care.
ABOUT THE SCHOLARSHIP
Children of qualified 1199SEIU members can receive scholarships through the Joseph Tauber Scholarship Program (JTSP) for undergraduate study at authorized institutions. With a minimum grant of $750 for the academic year, award levels vary based on need.
CRITERIA FOR ELIGIBILITY
Be employed by a company or organization that makes contributions to the National Benefit Fund (NBF) or the Child Care Fund (GNY) of the 1199SEIU.
Must fall under Wage Class I or Eligibility Class
have gotten assistance from a qualified institution or facility for a year. Please be aware that the student may not be eligible for a grant at the time the project is processed if the member’s eligibility changes after having gotten the scholarship application materials.
Before fall and/or spring semester awards are given out, both the member and the applicant must satisfy and fulfill all eligibility requirements.
SCHOLARSHIP FOR NEXT-GENERATION REGISTERED NURSES
For employees of organizations who make contributions to the 1199SEIU Greater New York (GNY) Child Care Fund or the 1199SEIU National Benefit Fund (NBF).
SCHOLARSHIP PROGRAM OF THE LICENSED PRACTICAL NURSES WELFARE FUND
For participants who work for a company or organization that contributes to the 1199SEIU Licensed Practical Nurses (LPN) Welfare Fund.
INFORMATION IMPORTANT TO AWARDS
Scholarship awardees are not eligible for automatic award renewals; they must reapply each year. We have provided an option at the bottom of our Formal Application and College Release Form for the comfort of our continuing applicants to obtain application materials for the following academic year.
The Joseph Tauber Scholarship stipend is regarded by the Fund as “taxable wages” under IRS rules and regulations. When filing taxes the following year, if a member’s child receives a scholarship, the cost of the scholarship must be reported on the member’s tax return.
Interested persons can now apply here https://www.1199seiubenefits.org/jtsp/