Overview
What is Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees?
Central Maine Power Co Post-Retirement Medical Plan Trust for Union Employees is a self-funded nonprofit organization situated in Orange, Connecticut. Its primary mission is to provide and finance a medical plan for union members, ensuring their post-retirement healthcare needs are met. By offering this self-insured medical plan, the trust supports union employees of the Central Maine Power company with their medical expenses during their retirement period. This trust serves as a crucial benefit for union members, contributing to their overall well-being in their post-career life.
Is Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees legitimate?
Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees?
The Central Maine Power Co Post-Retirement Medical Plan Trust for Union Employees is dedicated to funding and maintaining a self-insured medical plan. This plan serves the post-retirement medical needs of union members who have worked for the Central Maine Power company. The trust's primary objective is to cover the medical expenses of these retired union workers, ensuring they continue to receive necessary healthcare services after leaving their jobs. The trust is an essential resource for these employees, providing them with financial security and peace of mind regarding their healthcare needs during their retirement years.
Who is the CEO of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees?
David Beber is the Trustee of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees.
What is the revenue of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees?
Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees's revenue in 2022 was $282,114.
Who are the executives of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,000
- Related: $0
- Other: $0
Where can I find the form 990 for Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees?
Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees
The Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees is a dedicated entity that funds and manages a self-insured medical plan. This trust is committed to providing post-retirement medical expenses for union members who have served at the Central Maine Power company. The primary mission of this trust is to ensure the financial well-being of its union members in their post-employment years, by covering their medical expenses. This initiative underscores the trust's commitment to the well-being and security of its beneficiaries, providing them with peace of mind during their retirement.
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Impact
October, 2024
The Central Maine Power Co Post-Retirement Medical Plan Trust for Union Employees plays a crucial role in ensuring the financial security and health of union members after retirement. By funding a self-insured medical plan specifically for these employees, the trust alleviates the burden of post-retirement medical expenses, allowing members to focus on their health and well-being without the added stress of potential out-of-pocket costs. This support contributes to improved quality of life for retirees and their families, enhancing their overall retirement experience. By providing this essential service, the trust reinforces the benefits of union membership, fostering a sense of community and mutual support among working individuals. Additionally, the trust aids in attracting and retaining talented employees within the Central Maine Power company, as robust post-retirement benefits are a significant consideration for many workers.
This information is meant to be a general summary of Central Maine Power Co Post-Retirement Medical Plan Trust For Union Employees. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $282,114
- Gross Receipts: $2,863,294
Assets and Liabilities:
- Total Assets: $9,559,734
- Total Liabilities: $0
- Net Assets: $9,559,734
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Organization Details
Founding Year
1977
Phone
(203) 499-2000Principal Officer
David Beber
Main Address
180 MARSH HILL ROAD, ORANGE, CT, 06477
NTEE Category
Code: Y99 - Mutual benefit
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