Municipal Employees Benefits Program (MEBP) is a valuable asset for our Members and their families.
The Municipal Employees Benefits Program will provide secure pension and benefit services to our members and their families in a cost-effective manner.
The MEBP Pension Plan
The MEBP Pension Plan is a multi-employer defined benefit pension plan designed to provide reliable stream of income in retirement. The MEBP pension plan provides the following:
- Early, normal, postponed and disability retirement benefits;
- Optional forms of pension on retirement;
- Termination benefits;
- Death benefits; and
- Reciprocal transfers and prior and current service purchase provisions.
The MEBP Disability Plan
The MEBP Disability Plan provides a safety net that replaces our Member’s income and provides protection for your pension plan, should you be unable to work due to illness or injury. The purpose of the disability plan is to provide coverage for serious disabilities resulting in long periods of absence. The disability plan recognizes the highly vulnerable position of most members should they be confronted with a loss of income during a lengthy or permanent disability.
The MEBP Insurance Plan
The MEBP Insurance Plan can assist in creating financial security for our Members and their families and provides the following:
Basic Life Insurance: Benefits are paid to the beneficiary upon a plan Member’s death. Various benefit levels are available.
Optional Life Insurance: This allows employees under 65 years old the option to purchase additional coverage at lower rates to meet their specific needs.
Family (Dependent) Life Insurance: This offers life insurance coverage on the lives of a Member’s eligible family members.
Basic Accidental Death & Dismemberment: Members that have Basic Life Insurance coverage, automatically have Basic Accidental Death & Dismemberment Insurance coverage. Benefits are paid to the beneficiary if the Member dies as a result of an accident or it may be paid directly to the Member if the Member suffers a loss as a result of an accident.
Voluntary Accidental Death & Dismemberment: This allows employees under 65 years old the option to purchase additional coverage at lower rates to meet their specific needs and insurance benefits when death occurs due to an accident or if loss of use occurs due to an accident. There are two types of coverage options under Voluntary AD&D plan: Employee Only coverage or Employee & Family coverage.