Is Voya too Much?

Posted March 2, 2023

Brothers and Sisters,

The local’s third-party death benefit administered by Voya Financial Employee Benefits has given us a 30% increase for the second year in a row. For working members, the cost is for $10,000.00 of insurance is now $16.30 per member per month or $3,796.00 a month for all members.  In 2021 cost for the same $10,000.00 of insurance was $9.60 per member per month or $2,141.00 a month for all members.  Retirees went from $4.00 a month for $5,000.00 of insurance or $48.00 a year to $8.15 a month or $97.80 year for the same $5,000.00 of insurance.

We will have a Special Called Meeting following the March 7, 2023, Membership Meeting to discuss this and see if we want to continue with Voya.  We will notify all members by mail, email, and text with the time and date for the meeting.  I hope to see you there. 

I want to take this time to thank the members of Local 1237 who helped install laminate flooring and base at the Bishop Gallegos Maternity Home in Meadowview in December and January. The following members gave their time and talents to make this labor donation happen; Cody Hartwick Colby Rojas, Jimmy Lugo, Manuel Aguilera, Matt Jaques, Hector Luera, Santos Martinez, and Robert Ringor. I’m a firm believer that we need to give back to the community whenever we can. As always you can reach me at (916)407-8279.

Fraternally,

Randy Rojas

Business Representative

DC16/LU1237

MOST RECENT

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