The Unionist April 2012

8/2/2019 The Unionist April 2012

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SSEU LocaL 371 has a lot on its plate interms o politics, and thats why the leader-ship is calling on members to get involved,come to Political Action Committeemeetings, write to lawmakers and come toUnion lobbying events.

This Union has a long, proud history o member involvement in political causes,said President Anthony Wells. Thats why so many elected o cials listen to us.

The Union is pouring its energy intopassing the Assault Billwhich wouldmake assaulting social service workers a

elony o ensethis legislative session inAlbany. It has already been passed in theState Senate, so members are calling on themembers o the Assembly Codes Commit-

tee to bring it to a foor vote.In act, the Union is planning a big event

with other allies in Manhattan this monthto push this orward be ore members de-scend on Albany or another lobby day May 1, along with members o other DistrictCouncil 37 locals.

We have just gotten another report o amember being assaulted on the job, said VP o Political Action Michelle Akyem-pong. This is a crisis. Our members cant wait. We have to pass this bill now.

Sav ng CASA The Unions other main priority this sea-

son is saving the CASA program, which isslated or elimination under the Governors

Medicaid Redesign Teams plan. Not only would this result in the terminations o 700 o our members, it would move seniorcitizens who are currently receiving carein their homes into privately managed care

acilities. The Union has embarked on a media

campaigntaking out ads in newspa-pers and radio stationsto in orm voterso what kind o detrimental impact thiselimination would have on the states seniorcitizens.

When citizens learn about this plan they will be outraged, Wells said. When theGovernor realizes just how unpopular thisplan is among voters, the MRT will changeits tune.

Volume 42 Number 4 April 2012

O fcial Publication o Social Service Employees Union Local 371-DC 37 AFSCME, AFL-CIO www.sseu371.org

Chapter Elections Notice Social Work Celebration Annual Funds Audit Page 3 Pages 4-5 Pages 6-11

I t is that time o year again: budgetseason. The Bloomberg administrationsbudget proposal, or now, includes thetermination o 24 Child Wel are Specialists

at the Administration or Childrens Ser-vices. For an agency whose work orce hasalready been cut to the bone as the need orchild services continues to rise, even onejob loss is unacceptable.

I told City Council that we were notpleased with this plan, said Union PresidentAnthony Wells.

Hope s St ll There When SSEU Local 371 told City Council

last month that the Union believed these cutsneeded to be moved o the table, ACS Com-missioner Ronald Richter made it clear to the

Unions leadership and to theCity Council that these cuts were not set in stone.

Wells noted that

this was a welcomechange rom theprevious administra-tion, which neverbacked away romproposed sta cuts. The Union will buildon this dialogue.

I eel optimistic that were going to save these 24 jobs, Wells said, noting that theUnion is working with various City Coun-cil Members to nd the money to avoidthese cuts in the ACS budget.

He added, The people whohave been going through

this have been goingthrough this or the last

ve years. This is the only majorlayo acing the Unionduring this budget ne-gotiation. The Depart-

ment or the Aging hasnoti ed the Union that it

is cutting a number o pro-grams, however, no layo s are

included in this plan and all sta reductions will be done through attrition.

The Union still believes that more sta needs to be hired so agencies can adequately address the rising need or social services.

Budget CrunCh

We Canand MustStop the Layoffs

The Road Forward: The Un ons Pol t cal Agenda


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2 The Un on st | Apr l 2012

apriL

18 Delegate Assembly: 6:30 p.m. Advance Realty Building 235 W. 23rd St.,Manhattan

19 Next Wave Committee: 6:30 p.m.Union O fce, 12th Floor

25 Political Action Committee: 6:30 p.m.Union O fce, 12th Floor

Civilians in Law Enforcement: 6:30 p.m. Union O fce, 15th Floor

May

2 Executive Committee: 6:30 p.m.Union O fce, 12th Floor

7 Latino Heritage: 6:30 p.m.Union O fce, 12th Floor

8 Jewish Heritage: 6:30 p.m.Union O fce, 12th Floor

9 Womens Committee: 6:30 p.m.Union O fce, 12th Floor

10 Committee of Concerned SocialWorkers 6:30 p.m. Union O fce, 12th Floor

16 Delegate Assembly: 6:30 p.m. Advance Realty Building 235 W. 23rd St.,Manhattan

22 Alumni Association: 2 p.m.Union O fce, 12th Floor

23 Political Action Committee: 6:30 p.m.Union O fce, 12th Floor

Civilians in Law Enforcement: 6:30 p.m. Union O fce, 15th Floor

24 Jewish Heritage Celebration: 5:30 p.m.DC 37 Headquarters, 125 Barclay St.,Manhattan

CALENDAR

Published monthly except or a combined issue in July/ August and a Supplement in January by the SocialService Employees Union Local 371, District Council 37,

AFSCME, AFL-CIO. Subscription Price $2.00 annually.Periodical postage paid at New York, N.Y.

POSTMASTER: Please send address changes to: TheUnionist, SSEU Local 371, 817 Broadway, N.Y., N.Y. 10003.

USPS# 348990 (212) 677-3900ISSN# 0041-7092

Pres dent Anthony WellsE ecut ve V ce Pres dent

Yolanda PumarejoSecretar -TreasurerJoe NazarioV.P. Negot at ons & ResearchRose Lovaglio-MillerV.P. Organ zat on & Educat onIngrid BeaumontV.P. Gr evances & Legal Serv cesLloyd PermaulV.P. Publ c t & Commun t Relat onsPatricia ChardavoyneV.P. Leg slat on & Pol t cal Act onMichelle AkyempongTrustees

Vincent Ciccarello Yolanda DeJesusMelva ScarboroughEd tor

Ari Paul

Visit us on the web at www.sseu371.org

Publ c Workers Arethe Publ c

T he recent passage o the Tier 6 pension is another wake up call, saying that workers particularly public service workersare under attack. It is nolonger enough to privatize our jobs. Even attacking

our pensions doesnt go ar enough. Now they have reachedinto the uture to penalize the unborn. In the end, workers

will have to work longer, pay more and get reduced bene ts. The government says this is all in the public interest, but whose interests does it really serve?

The Governor runs commercials demonizing special interests. When heuses that term, however, it is really a code word or unions. Not just any unions,but public sector unions that make the City and State run. Well, public service

unions are indeed special interests, but not the way the Governor thinks we are. We show a very special commitment to provide services or thosein need, ensuring that the government is there totake care o the people. Public service is a nobleand special service that should be respected, notdemonized.

Public sector workers commit their livesto the service o people and our communities. Our workers have done more

with less or ar too long. They per orm their duties in some o the mosttrying conditions o overcrowding, mismanagement and workplace violence.

Yet the Governor and others who are equally misguided ail to recognize ourcontributions, but rather blame us or the ills o the economy.

What About the 1 Percent?It is interesting that the only special interests le t are public service

workers and the unions that represent them. Banks, insurance companies andthe nursing home industries are no longer special interests. In act, some wouldhave you believe that they have the publics interest at heart. We know better.

We will not be dismayed by the passage o Tier 6 or any attack on publicsector workers. We will continue to ght back and orm coalitions with those

whose goals, aims and purposes are like ours. We will ght back to protect what we have ought so hard to attain.

We know who the real special interests are and they do not care aboutthe public, but rather themselves. The wealthy business interests in this state

would take away the important government services that we provide, all justto keep a ew more dollars in their overstu ed pockets. The only thing thatmakes them special is their incredible sel shness. That is what we are ghtingagainst, and our victory or working men and women and the public will be truly special indeed.

Anthony Wells

Public service is anoble and specialservice that shouldbe respected...


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Apr l 2012 | The Un on st 3

J e rey Wilson, a Grant Analyst at theDepartment o Records or the last six years, is part o a small team that en-sures the integrity o the records and grant

applications in City government.He explained that along with two other

co-workers, he provides guidance to may-oral agencies in the development o grantprojects [ or record management] romthe rst conceptual stages to the prepara-tion o nal application dra ts. He addedthat he monitors the grant awards andprovides oversight o the nancial account-ing, and that at the end o grant projectshe prepares comprehensive reports orthe New York State Archives.

Wilson said, This job is very importantbecause it enables the public to be able toget valuable in ormation pertaining to City and State government.

The job is cyclical, in that grant pro-posals come in at certain times, makingsome weeks busier than others. But helikes it when it is busy. I get to read

on thE Front LinES

Bu ld ng the C t s Collect ve Memor grants and improve record management, Wilson said.

Wilson reads a lot o well-written grantproposals, but a lot o bad ones as well.

Some people write some terrible ones,and then I help them, he said.

At the end o the day, he is proud o therecords collection and grant process heand his co-workers maintain. The wealtho documentation, including photographs,moving images, sound recordings, maps,architectural drawings, ledgers, and o cerecords serve as the collective memory o the nations largest city, he said.

Act ve n Un on Wilson is an active SSEU Local 371

member, serving as a Delegate as well asCo-Chair o the Unions Political ActionCommittee.

The downside to Wilsons job is that inthis small agency there is little room orupward mobility and no way or him to work overtime hours. But that will soon

change, as the department will soon merge with the Department o Citywide Admin-istrative Services. We welcome it, he saido the merger.

Je rey Wilson: Guardian o records.

O fcial 15-day notice is hereby given that theBureau o Child Wel are Employees Chapter

will hold nominations and election or ChapterO cers at a meeting Monday, May 7, 2012, 6:30p.m., at the Union o ce (817 Broadway).

BCW Chapter O cers are Chairper-son, Vice Chairperson, Secretary, Publicity/Organization Chairperson, Grievances Chair-person and Chairperson or Legislation andPolitical Action.

O fcial 15-day notice is hereby given thatthe Human Resources Administration Employ-ees Chapter will hold nominations and election

or Chapter O cers at a meeting Monday, May 7, 2012, 6:30 p.m., at the Union o ce (817Broadway).

HRA Chapter O cers are Chairperson, ViceChairperson, Vice Chairperson or DYCD,

Vice Chairperson or SBS, Recorder, GrievanceChairperson and Publicity Chairperson.

O fcial 15-day notice is hereby given that theDepartment o Health Employees Chapter willhold nominations and election or Chapter O -cers at a meeting Tuesday, May 8, 2012, 6:30 p.m.,at the Union o ce (817 Broadway).

Department o Health Employees Chapter O -cers are Chairperson and Vice Chairperson.

O fcial 15-day notice is hereby given that

the Social Service Employees Chapter will holdnominations and election or Chapter O cersat a meeting Tuesday, May 8, 2012, 6:30 p.m., atthe Union o ce (817 Broadway).

SSE Chapter O cers are Chairperson, ViceChairperson, Vice Chairperson o Organization,Director or Grievances, Director or Publicity,Secretary and nine O cers-at-Large.

O fcial 15-day notice is hereby given thatthe Housing Preservation & Development andother Agencies Employees Chapter will holdnominations and election or Chapter O cersat a meeting Monday, May 14, 2012, 6:30 p.m.,at the Union o ce (817 Broadway).

HPD & Other Agencies Chapter O cers areChairperson, Vice Chairperson, Secretary andParliamentarian.

O fcial 15-day notice is hereby given thatthe Civilians in Law En orcement EmployeesChapter will hold nominations and election orChapter O cers at a meeting Tuesday, May 15, 2012, 6:30 p.m., at the Union o ce (817Broadway).

Department o Civilians in Law En orcementEmployees Chapter O cers are Chairperson,

Vice Chairperson, Corresponding Secretary, andRecording Secretary.

O fcial 15-day notice is hereby given that the

Health & Hospitals Corporation EmployeesChapter will hold nominations and election orChapter O cers at a meeting Thursday, May 10, 2012, 6:30 p.m., at the Union o ce (817Broadway).

HHC Chapter O cers are Chairperson, ViceChairperson, Secretary, Vice Chairperson orGrievances, Vice Chairperson or Organizationand Vice Chairperson or Publicity.

O fcial 15-day notice is hereby given that theShelters and Institutional Employees Chapter will hold nominations and election or ChapterO cers at a meeting Thursday, May 17, 2012,

6:30 p.m., at the Union o ce (817 Broadway).Shelters & Institutional Chapter O cers are

Chairperson, 1st Vice Chairperson, 2nd ViceChairperson and Secretary.

O fcial 15-day notice is hereby given that theCommunity Service Workers Chapter will holdnominations and election or Chapter O cers ata meeting Monday, May 14, 2012, 6:30 p.m., atthe Union o ce (817 Broadway).

CSW Chapter O cers are Chairperson, ViceChairperson, Publicity Chairperson, Secretary,Grievance Coordinator, Director or Sanitation,Director or NYC Housing Authority, Director

or Department o Environmental Protection.

O fcial Chapter Elections Notice


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4 The Un on st | Januar 2012

Ce eb t ng

Social Work


SOCial wOrk has neverbeen an easy pro ession. And

with the constant assault romthe right on unions and workingpeople, it has made these daysa particularly trying time orthis Unions membership. Thatdidnt stop SSEU Local 371members rom refecting andcelebrating this noble duty at this

years Committee o ConcernedSocial Workers event at DC 37headquarters March 16.

CCSW Chair and theUnions Executive Vice Presi-dent Yolanda Pumarejo openedthe event, and honored social workers and members whohad recently earned their MSWs. She introduced theevenings inspirational speaker,the ounder o Strategies orEmpowered Living, Cassandra Mack.

Macks message to social workers was multi- aceted,

and recognized the sacri cespeople make in this line o

work. This is o ten a thank-less job, she said. This is notan easy calling, but it is a li echanging one.

Mackwhos websitedescribes her role as helpingpeople succeed in their en-deavors and grow to their full-est potentialrecommendedadvice that caused members tocall out in support: Remem-

Members who recently received their MSWs were honored at this years celebration. (All photos pages 4-5: Dave Sanders)

translatingthe pain

of thepowerless


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Januar 2012 | The Un on st 5

ber to take your vacation timeand your lunch breaks. Dontsimply focus on the tools youdont have, but use the onesyou do have. Recognize thatbehind every problem you faceon the job is a potential forpositive change. Know yourrole, which is translating thepain of the powerless.

Mack added that socialworkers could look to theirduties, which can o ten be

acrimonious and grueling, assources o inspiration. Yourclients motivate you, she said.Every time you see a domesticviolence victim get out o thatrelationship, thats a thank you.When you see a amily reuniteand a child that was struggling

nally nish school, thats ahank you.

Keep ng V s onUnlike cops and re ghters,

social workers dont get thehigh pro le medal days at City Hall recognizing their work, orbig heroic displays on the rontpages o the tabloids. I think ts about getting that thank yourom a di erent place, she said,

adding, Be fexible, be re-source ul and keep your visionn ront o you no matter what.

In addition to honoring thosewho completed their MSWs on

stage, CCSW members pre-sented Pumarejo with fowersto thank her or her years o leadership.

A ter the inspirational speech,members danced to the soundso the Harlem Blues and JazzSeniors, a band made up o se-nior citizens, a living testamentthat one can be a talented andlively musician at any age.

Executive Vice President YolandaPumarejo led the event.


CCSW members.

Cassandra Mack (at right)encouraged members.

The Harlem Blues and Jazz Seniors were in ull swing, bringing members to their eet.


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Beneft Funds F nanc al ReportsWELFARE FUND AUDiT

GOULD, KOBRICK & SCHLAPP, P.C. , CERTIFIED PUBLIC ACCOUNTANTSEmpire State Building, 350 Fifth Avenue, New York, N.Y. 10118-4309

Board of Trustees, Social Service Employees UnionLocal 371 Welfare Fund

iNDEPENDENT AUDiTORS REPORT

We have audited the accompanying statements o bene t obligations and net assets available or bene ts o theSocial Service Employees Union Local 371 Wel are Fund as o June 30, 2011 and 2010 , and the related statementso changes in bene t obligations and in net assets available or bene ts or the years then ended. These nancialstatements are the responsibility o the Plans management. Our responsibility is to express an opinion on these

nancial statements based on our audits.We conducted our audits in accordance with auditing standards generally accepted in the United States o Amer-

ica. Those standards require that we plan and per orm the audits to obtain reasonable assurance about whetherthe nancial statements are ree o material misstatement. An audit includes consideration o internal control over

nancial reporting as a basis or designing audit procedures that are appropriate in the circumstances, but not orthe purpose o expressing an opinion on the e ectiveness o the Plans internal control over nancial reporting. Ac-cordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amountsand disclosures in the nancial statements. An audit also includes assessing the accounting principles used andsigni cant estimates made by management, as well as evaluating the overall nancial statement presentation. Webelieve that our audits provide a reasonable basis or our opinion.

In our opinion, the nancial statements re erred to above present airly, in all material respects, the nancial status o theSocial Service Employees Union Local 371 Wel are Fund as o June 30, 2011 and 2010 and the changes in its nancial sta-tus or the years then ended in con ormity with accounting principles generally accepted in the United States o America.New York, NY February 28, 2012

NOTES TO FiNANCiAL STATEMENTS JUNE 30, 2011 AND 2010

NOTE 1 DESCRiPTiON OF PLANThe ollowing description o the Social Service Employees Union Local 371 Wel are Fund (the Plan) pro

general in ormation. Participants should re er to the Plans bene t booklet and its Summary Plan Descriptiomore complete description o the Plans provisions.

General: The Plan was established in 1965 or the purpose o providing health care bene ts to eligible empl

covered by the collective bargaining agreement between the Social Service Employees Union Local 371 AF AFL-CIO (the Union) and the City o New York (the Employer). It is not subject to the provisions o the Empment Income Security Act o 1974 (ERISA), as amended.

Plan Adm n strat on:The administration o the Plan is the responsibility o a Board o Trustees comprised otrustees, all o whom are elected by the general membership o the Union. The Plans investments are managed bindependent investment manager who has ull discretion and authority to e ect transactions or the bene tPlan. The Plans investments are held separately by a custodian.

Benefts: The Plan provides bene ts as enumerated in Note 10 to ull time participants o the Plan and to their e ciaries and covered dependents. Part time participants are provided dental, drug, optical, podiatry and li e insubene ts.

During the year the ollowing insured bene t was in e ect:Insurer Beneft

Prudential Insurance Company o America Li e insurance

During the year the ollowing administrative bene t contract was in e ect:

Third Party Administrator BeneftMedco Health Prescription drug The Plan operates a medical acility that provides dental care and podiatry bene ts. As an alternative to the re

schedule o bene ts, participants can elect these services with no out-o -pocket costs.Fund ng: Employer contributions are made by the Employer to the Social Service Employees Union Loca

Administrative Fund (the Administrative Fund), a related organization. The Plan receives, on an as needed baallocation o these contributions (see Note 6).

Plan Term nat on: In the event o termination o the Plan, the Trust Agreement requires that the trustees paobligations o the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opbest e ectuate the purpose o the Plan. In no circumstances shall any unds revert or accrue to the bene t Union or the Employer.

Other: Although they have not expressed any intention to do so, the Plans Board o Trustees has the right uthe Plan to modi y the Trust and to terminate the P lan.

NOTE 2 SUMMARy OF SiGNiFiCANT ACCOUNTiNG POLiCiESBas s o Account ng:The nancial statements were prepared on the accrual basis o accounting.Adm n strat ve E penses:The Social Service Employees Union Local 371 Administrative Fund pays all admin

tive expenses o the Plan, other than third party administrative ees (See Note 6).investment Valuat on and income Recogn t on: Investments are reported at air value. Fair value is the pric

that would be received to sell an asset or paid to trans er a liability in an orderly transaction between market papants at the measurement date (See Note 8 on Fair Value Measurements.)

Purchases and sales o securities are recorded on a trade-date basis. Interest income is recorded on the accrubasis. Dividends are recorded on the ex-dividend date. Net appreciation includes the plans gains and lossesinvestments bought and sold as well as held during the year. Unrealized gains or losses are the di erences betthe air value o the investments held at year-end and those held at the beginning o the year. Realized gains or

on the sale o investments are based on the historical costs o the individual investments sold or nancial repurposes.F ed Assets and Deprec at on: Furniture, equipment and improvements are stated at cost less depreciation ac

cumulated since acquisition and does not purport to represent replacement or realizable value. All assets are depreciover estimated use ul lives using the straight-line method. Expenditures or normal repairs o equipment are chacurrent operations. All other expenditures or xed assets are capitalized.

Use o Est mates: The preparation o nancial statements in con ormity with accounting principles genaccepted in the United States o America requires Plan management to make estimates and assumptions that athe reported amounts o assets and liabilities and disclosure o contingent assets and liabilities at the date o

nancial statements and the reported amounts o revenues and expenses during the reporting period. Actual recould di er rom those estimates.

Plan Benefts: Plan obligations at June 30 or health claims incurred by active participants but not reported at date and or uture disability payments at June 30 are estimated by the Plans actuary in accordance with acceactuarial principles.

NOTE 3 TAx STATUSThe Trust established under the Plan to hold the Plans assets is intended to be quali ed pursuant to Section 50

(9) o the Internal Revenue Code, as amended and, accordingly, the trusts net income is exempt rom income The Plan has obtained a avorable tax determination letter rom the Internal Revenue Service, and Plan managbelieves that the Trust, as amended, continues to quali y and to operate in accordance with applicable provisiothe Internal Revenue Code.

NOTE 4 CONCENTRATiON OF CREDiT RiSK Financial instruments that subject the Plan to concentration o credit risk include cash and short-term investm

The Plan maintains accounts at high quality nancial institutions. While the Plan attempts to limit any nanciasure, its cash deposit balances may, at times, exceed ederally insured limits. Short-term investments are not covby the Federal Deposit Insurance Corporation.

NOTE 5 RiSKS AND UNCERTAiNTiESDue to various risks (e.g., interest rate, market and credit risks) associated with certain investments and the l

o uncertainty related to changes in the value o investments, it is at least reasonably possible that changes invalues o investments will occur in the near term that could materially a ect the amounts reported in the stao net assets available or bene ts.

The balance o claims incurred but not reported is reported based on certain assumptions, which are subjecchange. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possithat changes in these estimates and assumptions in the near term would be material to the nancial statements.

NOTE 6 AGREEMENTS AND TRANSACTiONS WiTH RELATED PARTiESThe Trustees o the Social Service Employees Union Local 371 Administrative, Educational, Legal Servi

Wel are Plans decided that to simpli y operations and record keeping, all administrative expenses o the mentioned bene t plans would be paid by the Administrative Fund.

As stated in Note 1, the Administrative Fund is the recipient o employer contributions. These contributions aallocated on an as needed basis to cover the costs o the Plans bene t programs and related expenses.

The Plan reimburses the Union or 50% o the Unions cost o the Health and Sa ety Coordinators payroreimbursements were $21,273 and $16 0,574 or the years ended June 30, 2011 and 2010 , respectively.

STATEMENTS OF BENEFiT OBLiGATiONS AND NET ASSETS AVAiLABLEFOR BENEFiTS AT JUNE 30, 2011 AND 2010

STATEMENTS OF CHANGES iN BENEFiT OBLiGATiONS AND iN NET ASSETS AVAiLABLEFOR BENEFiTS yEARS ENDED JUNE 30, 2011 AND 2010


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NOTE 7 iNVESTMENTS

NOTE 8 FAiR VALUE MEASUREMENTSFinancial Accounting Standards Board (FASB) Accounting Standards Codi cation (ASC) 820, Fair Value Measure-

ments and Disclosures, provides the ramework or measuring air value. That ramework provides a air value hier-archy that prioritizes the inputs to valuation techniques used to measure air value. The hierarchy gives the highestpriority to unadjusted quoted prices in active markets or identical assets or liabilities (Level 1 measurements) and thelowest priority to unobservable inputs (Level 3 measurements).

l Level 1: Inputs to the valuation methodology are unadjusted quoted prices or identical assets or liabilities inactive markets that the plan has the ability to access.

l Level 2: Inputs to the valuation methodology include: Quoted prices or similar assets or liabilities in active markets; Quoted prices or identical or similar assets or liabilities in inactive markets; Inputs other than quoted prices that are observable or the asset or liability; Inputs that are derived principally rom or corroborated by observable market data by correlation or other

means.I the asset or liability has a speci ed (contractual) term, the level 2 input must be observable or substantially the

ull term o the asset or liability.l Level 3: Inputs to the valuation methodology are unobservable and signi cant to the air value measurement.The assets or liabilitys air value measurement level within the air value hierarchy is based on the lowest level

o any input that is signi cant to the air value measurement. Valuation techniques used need to maximize the use oobservable inputs and minimize the use o unobservable inputs.

Following is a description o the valuation m ethodologies used or assets at air value. There have been no changesin the methodologies used at June 30, 2011 and 2010.

U.S. government securities: Valued at the closing price reported in the active market on which the individualsecurities are traded.

The preceding methods may produce a air value calculation that may not be indicative o net realizable valueor refective o uture air values. Furthermore, although the plan believes its valuation methods are appropriate andconsistent with other market participants, the use o di erent methodologies or assumptions to determine the air

value o certain nancial instruments could result in a di erent air value measurement at the reporting date.The inputs used in valuing all o the Plans investments have quoted prices in active markets or identical s

ties (Level 1).

NOTE 9 FixED ASSETS

NOTE 10 BENEFiTS PAiD

ADMiNiSTRATiVE FUNDGOULD, KOBRICK & SCHLAPP, P.C. , CERTIFIED PUBLIC ACCOUNTANTS

Empire State Building, 350 Fifth Avenue, New York, N.Y. 10118-4309

Board of Trustees, Social Service Employees UnionLocal 371 Administrative Fund


We have audited the accompanying statements o net assets available or bene ts o the Social Service Employees

Union Local 371 Administrative Fund as o June 30, 2011 and 2010, and the related statements o changes in netassets available or bene ts or the years then ended. These nancial statements are the responsibility o the Plansmanagement. Our responsibility is to express an opinion on these nancial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States o Amer-ica. Those standards require that we plan and per orm the audit to obtain reasonable assurance about whether

the nancial statements are ree o material misstatement. An audit includes consideration o internal contrnancial reporting as a basis or designing audit procedures that are appropriate in the circumstances, but not

the purpose o expressing an opinion on the e ectiveness o the Plans internal control over nancial reportcordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amoand disclosures in the nancial statements. An audit also includes assessing the accounting principles used asigni cant estimates made by management, as well as evaluating the overall nancial statement presentation. believe that our audits provide a reasonable basis or our opinion.

In our opinion, the nancial statements re erred to above present airly, in all material respects, the net asavailable or bene ts o the Social Service Employees U nion Local 371 Administrative Fund as o June 30, 22010, and the changes in net assets available or bene ts or the years then ended in con ormity with accouprinciples generally accepted in the United States o America.

New York, NY February 28, 2012

STATEMENTS OF BENEFiT NET ASSETS AVAiLABLE FOR BENEFiTSJUNE 30, 2011 AND 2010

STATEMENTS OF CHANGES iN NET ASSETS AVAiLABLE FOR BENEFiTSyEARS ENDED JUNE 30, 2011 AND 2010

Wel are Fund (cont nued)


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NOTE 1 DESCRiPTiON OF PLANThe ollowing description o the Social Service Employees Union Local 371 Administrative Fund (the Plan) pro-

vides only general in ormation.General: On July 19, 1973, the Social Service Employees Union Local 371 AFSCME, AFL-CIO (the Union) en-

tered into an Agreement and Declaration o Trust establishing the Plan. The purpose o the Plan is to collect employercontributions received pursuant to the collective bargaining agreement between the Union and the City o New York (theEmployer), to remit these contributions to the Social Services Employees Union Local 371 Educational, Legal Services,Wel are, and Sta Pension Plans, and to pay the administrative expenses o those plans. The Plan is not subject to theprovisions o the Employee Retirement Income Security Act o 1974 (ERISA), as amended.

Plan Adm n strat on:The administration o the Plan is the responsibility o a board o trustees comprised o ve trust-

ees, our o whom are appointed by the executive committee o the Union and the th being the President o the Union.The investments o the Plan are managed by an investment adviser and maintained by a separate Plan custodian.Benefts: The Plan does not provide bene ts directly to covered members; instead, employer contributions are

allocated to the Social Service Employees Union Local 371 Wel are, Educational and Legal Services Funds on an asneeded basis to support their program o bene ts.

Fund ng: Contributions are made by the City o New York or covered participants based upon an annual permember amount. The contribution rate is determined by the collective bargaining agreement in e ect at the time.

The Plan also receives contributions on behal o eligible employees o the Union and Plan who are provided cover-age under the Unions Bene t Plans.

Plan Term nat on: In the event o termination o the Plan, the Trust Agreement requires that the trustees pay allobligations o the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opinion;best e ectuate the purpose o the Plan. In no circumstances, shall any unds revert or accrue to the bene t o theUnion or the Employer.

Other: Although they have not expressed any intention to do so the P lans Board o Trustees has the right underthe Plan to terminate the Plan and to modi y bene ts provided to participants.

NOTE 2 SUMMARy OF SiGNiFiCANT ACCOUNTiNG POLiCiESBas s o Account ng:The nancial statements were prepared on the accrual basis o accounting.investment Valuat on and income Recogn t on: Investments are reported at air value. Fair value is the price

that would be received to sell an asset or paid to trans er a liability in an orderly transaction between market partici-pants at the measurement date (see Note 8 on Fair Value Measurements.)

Purchases and sales o securities are recorded on a trade-date basis. Interest income is recorded on the accrual ba-sis. Dividends are recorded on the ex-dividend date. Net appreciation includes the plans gains and losses on investmentsbought and sold as well as held during the year. Unrealized gains or losses are the di erences between the air valueo the investments held at year-end and those held at the beginning o the year. Realized gains or losses on the sale oinvestments are based on the historical costs o the individual investments sold or nancial reporting purposes.

F ed Assets and Deprec at on: Furniture, equipment and improvements are stated at cost less depreciationaccumulated since acquisition and does not purport to represent replacement or realizable value. All assets aredepreciated over estimated use ul lives using the straight-line method. Expenditures or normal repairs o equipmentare charged to current operations. All other expenditures or xed assets are capitalized.

Adm n strat ve E penses:The Plan pays the administrative expenses o the Social Services Employees UnionLocal 371 Educational, Legal Services, Wel are, and Sta Pension Funds.

Use o Est mates:The preparation o nancial statements in con ormity with accounting principles generally accepted inthe United States o America requires Plan management to make estimates and assumptions that a ect the reported amountso assets and liabilities and disclosure o contingent assets and liabilities at the date o the nancial statements and the re-ported amounts o revenues and expenses during the reporting period. Actual results could di er rom those estimates.

NOTE 3 TAx STATUSThe Trust established under the Plan to hold the Plans assets is intended to be quali ed pursuant to Section 501 (c)

(9) o the Internal Revenue Code; accordingly, the trusts income is exempt rom income taxes. The Plan has obtained aavorable tax determination letter rom the Internal Revenue Service, and Plan management believes that the Trust, as

amended, continues to quali y and to operate in accordance with applicable provisions o the Internal Revenue Code.

NOTE 4 RiSKS AND UNCERTAiNTiESThe Plan invests in various investment securities. Investment securities are exposed to various risks such as inter-

est rate, market, and credit risks. Due to the level o risk associated with certain investment securities, it is at leastreasonably possible that changes in the values o investment securities will occur in the near term and that suchchanges could materially a ect the amounts reported in the statement o net assets available or bene ts.

The Plans allocations o employer contribution income and the resulting balances due rom these related organi-zations are based on certain assumptions, which are subject to change. Due to uncertainties inherent in the estima-tions and assumptions process, it is at least reasonably possible that changes in these estimates and assumptions inthe near term could be material to the nancial statements.

NOTE 5 AGREEMENTS AND TRANSACTiONS WiTH RELATED ORGANiZATiONSThe Trustees o the Social Service Employees Union Local 371 Administrative, Educational, Legal Services and

Wel are Plans decided that to simpli y operations and record keeping, administrative expenses o the above-men-tioned bene t plans would be paid by the Plan.

As stated in Note 1, the Plan is the recipient o employer contributions. These contributions are then allocated onan as need basis to cover the costs o each o the Unions bene t plans.

The Plan and the Union share o ce acilities, personnel and other overhead expenses. These expenses are al-located based on estimated time and space usage. The Fund has a sub-lease agreement with the Union or its o ce

acilities (see Note 10).

NOTE 6 PENSiON PLANS FOR EMPLOyEESThe Plans eligible employees are provided pension bene ts by the Social Services Employees Union Local 371

Funds Sta Pension Plan, a de ned contribution pro t sharing plan. Contributions to this plan were $133,576 and$137,998 or the years ended June 30, 2011 and 2 010, respectively.

NOTE 7 iNVESTMENTS

NOTE 8 FAiR VALUE MEASUREMENTSFinancial Accounting Standards Board (FASB) Accounting Standards Codi cation (ASC) 820, Fair Value Meas

and Disclosures, provides the ramework or measuring air value. That ramework provides a air value hieraprioritizes the inputs to valuation techniques used to measure air value. The hierarchy gives the highest priority adjusted quoted prices in active markets or identical assets or liabilities (Level 1 measurements) and the lowest pto unobservable inputs (Level 3 measurements). The three levels o the air value hierarchy under FASB ASC described as ollows:

l Level 1: Inputs to the valuation methodology are unadjusted quoted prices or identical assets or liabiliactive markets that the plan has the ability to access.

l Level 2: Inputs to the valuation methodology include:Quoted prices or similar assets or liabilities in active markets;Quoted prices or identical or similar assets or liabilities in inactive markets;Inputs other than quoted prices that are observable or the asset or liability;Inputs that are derived principally rom or corroborated by observable market data by correlation or

means.I the asset or liability has a speci ed (contractual) term, the level 2 input must be observable or substantia

ull term o the asset or liability.l Level 3: Inputs to the valuation methodology are unobservable and signi cant to the air value measuremThe assets or liabilitys air value measurement level within the air value hierarchy is based on the lowes

o any input that is signi cant to the air value measurement. Valuation techniques used need to maximize the observable inputs and minimize the use o unobservable inputs.

Following is a description o the valuation methodologies used or assets at air value. There have been no chin the methodologies used at June 30, 2011 and 2010.

U.S. government securities:Valued at the closing price reported in the active market on which the individusecurities are traded.

The preceding methods may produce a air value calculation that may not be indicative o net realizableor refective o uture air values. Furthermore, although the plan believes its valuation methods are appropriaconsistent with other market participants, the use o di erent methodologies or assumptions to determine thvalue o certain nancial instruments could result in a di erent air value measurement at the reporting date.

The inputs used in valuing all o the Plans investments have quoted prices in active markets or identical sties (Level 1).

NOTE 9 FixED ASSETS

NOTE 10 LEASE COMMiTMENTS

As stated in Note 5, the Union has a sub-lease agreement with the Union (a related organization). The ollow

a schedule o the estimated uture rent under this sub-lease agreement:

NOTE 11 ADMiNiSTRATiVE ExPENSES

NOTE 12 LiNE OF CREDiTThe Plan has a $1,500,000 line o credit with the Amalgamated Bank o New York. No amount has been d

against this line o credit.

Adm n strat ve Fund (cont nued)


9/12


LOCAL 371 EDUCATiONAL FUNDGOULD, KOBRICK & SCHLAPP, P.C. , CERTIFIED PUBLIC ACCOUNTANTS


Board of Trustees, Social Service Employees UnionLocal 371 Educational Fund


We have audited the accompanying statements o bene t obligations and net assets available or bene ts othe Social Service Employees Union Local 371 Educational Fund as o June 30, 2011 and 2010, and the relatedstatements o changes in bene t obligations and in net assets available or bene ts or the years then ended. These

nancial statements are the responsibility o the Plans management. Our responsibility is to express an opinion onthese nancial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States o Amer-ica. Those standards require that we plan and per orm the audit to obtain reasonable assurance about whetherthe nancial statements are ree o material misstatement. An audit includes consideration o internal control over


In our opinion, the nancial statements re erred to above present airly, in all material respects, the nancialstatus o the Plan as o June 30, 2011 and 2 010, and the changes in its nancial status or the years then ended incon ormity with accounting principles generally accepted in the United States o America.

New York, NY January 28, 2012

STATEMENTS OF BENEFiT OBLiGATiONS AND NET ASSETS AVAiLABLE FOR BENEFiTSJUNE 30, 2011 AND 2010

STATEMENTS OF CHANGES iN BENEFiT OBLiGATiONS AND NET ASSETS AVAiLABLEFOR BENEFiTS yEARS ENDED JUNE 30, 2011 AND 2010


NOTE 1 DESCRiPTiON OF PLANThe ollowing description o the Social Service Employees Union Local 371 Educational Fund (the Plan

only general in ormation. Participants should re er to the bene t booklet or a m ore complete description o thprovisions.

General: The Plan was established in 1965 or the purpose o providing educational bene ts to eligible emplcovered by the collective bargaining agreement between the Social Service Employees Union Local 371 AF

AFL-CIO (the Union) and the City o New York (the Employer). It is not subject to the provisions o the Empment Income Security Act o 1974 (ERISA), as amended but voluntarily les Form 5500.

Plan Adm n strat on:The administration o the Plan is the responsibility o a Board o Trustees comprisseven trustees, all o whom are elected by the general membership o the Union.

Benefts: The Plan provides a schedule o reimbursements or job-related courses, con erences, etc. The also provides its own training courses at no cost to members.

Fund ng:Employer contributions are made by the City o New York to the Social Service Employees Union Lo Administrative Fund (the Administrative Fund), a related organization. The Plan receives, on an as needed basislocation o these contributions (see Note 4).

Plan Term nat on: In the event o termination o the Plan, the Trust Agreement requires that the trustees paobligations o the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opbest e ectuate the purpose o the Plan. In no circumstances shall any unds revert or accrue to the bene t Employer or the Union.

Other: Although they have not expressed any intention to do so, the Plans Board o Trustees has the right uthe Plan to modi y the Trust and to terminate the P lan.

NOTE 2 SUMMARy OF SiGNiFiCANT ACCOUNTiNG POLiCiESBas s o Account ng:The records o the Plan are maintained on the accrual basis o accounting.Use o Est mates: The preparation o nancial statements in con ormity with accounting principles gen

accepted in the United States o America requires Plan management to make estimates and assumptions that athe reported amounts o assets and liabilities and disclosure o contingent assets and liabilities at the date o


Plan Benefts: Estimated liabilities or bene ts incurred but not reported were estimated at 20% o bene tsless actual accruals or bene ts payable.

Adm n strat ve E penses:The Administrative Fund pays all administrative expenses o the Plan.

NOTE 3 TAx STATUSThe Trust established under the Plan to hold the Plans assets is quali ed pursuant to Section 501(c)(3) o

Internal Revenue Code, as amended and, accordingly, the trusts net income is exempt rom income taxes. Thehas obtained a avorable tax determination letter rom the Internal Revenue Service, and Plan management bethat the Trust, as amended, continues to quali y and to operate in accordance with applicable provisions o the InRevenue Code.

NOTE 4 TRANSACTiONS WiTH RELATED PARTiESThe Trustees o the Social Service Employees Union Local 371 Administrative, Educational, Legal Servi


As stated in Note 1, the Administrative Fund is the recipient o employer contributions. These contributions aallocated on an as needed basis to cover the costs o the Plans bene t programs and related expenses.

NOTE 5 RiSKS AND UNCERTAiNTiESThe balance o claims incurred but not reported is reported based on certain assumptions, which are subjec

change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possithat changes in these estimates and assumptions in the near term would be material to the nancial statements.

NOTE 6 RECONCiLiATiON OF FiNANCiAL STATEMENTS TO FORM 5500

Amounts currently payable to or or participants, dependents and bene ciaries are recorded on the Form 550bene ts that have been processed and approved or payment prior to June 30, 2011 , but not yet paid as o that dand or estimates o claims incurred but not yet reported to the Plan.


10/12


LEGAL SERViCES FUNDGOULD, KOBRICK & SCHLAPP, P.C. , CERTIFIED PUBLIC ACCOUNTANTS


Board of Trustees, Social Service Employees UnionLocal 371 Legal Services Fund


We have audited the accompanying statements o bene t obligations and net assets available or bene ts o theSocial Service Employees Union Local 371 Legal Services Fund as o June 30, 2011 and 2010, and the relatedstatements o changes in bene t obligations and in net assets available or bene ts or the years then ended. These

nancial statements are the responsibility o the Plans management. Our responsibility is to express an opinion onthese nancial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States o Amer-ica. Those standards require that we plan and per orm the audit to obtain reasonable assurance about whetherthe nancial statements are ree o material misstatement. An audit includes consideration o internal control over


In our opinion, the nancial statements re erred to above present airly, in all material respects, the nancialstatus o the Social Service Employees Union Local 371 Legal Services Fund as o June 30, 2011 and 2010 , and thechanges in its nancial status or the years then ended in con ormity with accounting principles generally acceptedin the United States o America.New York, NY February 28, 2012

STATEMENTS OF BENEFiT OBLiGATiONS AND NET ASSETS AVAiLABLEFOR BENEFiTS JUNE 30, 2011 AND 2010

STATEMENTS OF CHANGES iN BENEFiT OBLiGATiONS AND iN NET ASSETSAVAiLABLE FOR BENEFiTS JUNE 30, 2011 AND 2010


NOTE 1 DESCRiPTiON OF PLAN

The ollowing description o the Social Service Employees Union Local 371 Legal Services Fund (the Pvides only general in ormation. Participants should re er to the Plans bene t booklet or a more complete deso the Plans provisions.

General: The Plan was established in 1974 or the purpose o providing prepaid legal bene ts to eligible emplcovered by collective bargaining agreements between the Social Service Employees Union Local 371 AFSCMCIO (the Union) and the City o New York (the Employer). It is not subject to the provisions o the EmployeeIncome Security Act o 1974 (ERISA), as amended.

Plan Adm n strat on:The administration o the Plan is the responsibility o a Board o Trustees comprised oTrustees, all o whom must be members o the Legal Assistance Committee o the Union. The Unions constitutiodetermines the composition o the Committee, thereby determines the composition o the Board o Trustees.

Benefts: The Plan provides a program o prepaid legal bene ts, which include civil and criminal de ense repretion.

Fund ng:Employer contributions are made by the City o New York to the Social Service Employees Union Lo Administrative Fund (the Administrative Fund), a related organization. The Plan is nanced by employer contrallocated to it by trustees o the Administrative Fund on an as needed basis.

Plan Term nat on: In the event o termination o the Plan, the trust agreement requires that the trustees payobligations o the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opbest e ectuate the purpose o the Plan. In no circumstances shall any unds revert or accrue to the bene t Employer or the Union.

Other: Although they have not expressed any intention to do so, the Plans Board o Trustees has the right uthe Plan to modi y bene ts provided to participants and to terminate the Plan.

NOTE 2 SUMMARy OF SiGNiFiCANT ACCOUNTiNG POLiCiESBas s o Account ng:The records o the Plan are maintained on the accrual basis o accounting.Use o Est mates: The preparation o nancial statements in con ormity with accounting principles gen

accepted in the United States o America requires Plan management to make estimates and assumptions that athe reported amounts o assets and liabilities and disclosure o contingent assets and liabilities at the date o


Adm n strat ve E penses:The Administrative Fund pays all administrative expenses o the Plan.

NOTE 3 TAx STATUSThe Trust established under the Plan to hold the Plans assets was intended to be quali ed pursuant to Section 50

(9) o the Internal Revenue Code and, accordingly, the trusts income is exempt rom income taxes. The Plan has oba avorable tax determination letter rom the Internal Revenue Service, and Plan management believes that the Tramended, continues to quali y and to operate in accordance with applicable provisions o the Internal Revenue Co

NOTE 4 TRANSACTiONS WiTH RELATED ORGANiZATiONSThe Trustees o the Social Service Employees Union Local 371 Administrative, Educational, Legal Servi


As stated in Note 1 the Administrative Fund is the recipient o employer contributions made by the employercontributions are then allocated on an as needed basis to cover the costs o the Plans bene t programs.

ANNUiTy FUNDGOULD, KOBRICK & SCHLAPP, P.C. , CERTIFIED PUBLIC ACCOUNTANTS


Board of Trustees, Social Service Employees UnionLocal 371 Annuity Fund


We have audited the accompanying statements o net assets available or bene ts o the Social Service EmployeesUnion Local 371 Annuity Fund as o March 31, 2011 and 2010, and the related statements o changes in net assetsavailable or bene ts or the years then ended. These nancial statements are the responsibility o the Plans manage-ment. Our responsibility is to express an opinion on these nancial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United Stated o Amer-ica. Those standards require that we plan and per orm the audit to obtain reasonable assurance about whether

the nancial statements are ree o material misstatement. An audit includes consideration o internal contrnancial reporting as a basis or designing audit procedures that are appropriate in the circumstances, but not

the purpose o expressing an opinion on the e ectiveness o the Plans internal control over nancial reportcordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amoand disclosures in the nancial statements. An audit also includes assessing the accounting principles used asigni cant estimates made by management, as well as evaluating the overall nancial statement presentation. believe that our audits provide a reasonable basis or our opinion.

In our opinion, the nancial statements re erred to above present airly, in all material respects, the net asavailable or bene ts o the Plan as o March 31, 2011 and 2010, and the changes in net assets availablebene ts or the years then ended in con ormity with accounting principles generally accepted in the United o America.

New York, NY November 14, 2011


11/12


NOTE 4 CONCENTRATiON OF CREDiT RiSK Financial instruments that subject the Plan to concentration o credit risk include cash and short-term investm

The Plan maintains accounts at high quality nancial institutions. While the Plan attempts to limit any nanciasure, its cash deposit balances may, at times, exceed ederally insured limits. Short-term investments are not covby the Federal Deposit Insurance Corporation.

NOTE 5 RiSK AND UNCERTAiNTiESThe Plan invests in various investment securities. Investment securities are exposed to various risks such as i

est rate, market, and credit risks. Due to the level o risk associated with certain investment securities, it is at reasonably possible that changes in the values o investment securities will occur in the near term and that changes could materially a ect the amounts reported in the statement o net assets available or bene ts.

NOTE 6 RELATED PARTy TRANSACTiONSThe Plan shares its o ce acilities and administrative sta with the Social Service Employees Union L

Administrative Fund, at no cost to the Plan.

NOTE 7 iNVESTMENTS

NOTE 8 FAiR VALUE MEASUREMENTSFinancial Accounting Standards Board (FASB) Accounting Standards Codifcation (ASC) 820,Fair Value Measure-

ments and Disclosures , provides the ramework or measuring air value. That ramework provides a air valarchy that prioritizes the inputs to valuation techniques used to measure air value. The hierarchy gives the hipriority to unadjusted quoted prices in active markets or identical assets or liabilities (Level 1 measurementthe lowest priority to unobservable inputs (Level 3 measurements). The three Levels o the air value hierarchFASB ASC 820 are described as ollows:

l Level 1: Inputs to the valuation methodology are unadjusted quoted prices or identical assets or liabiliactive markets that the plan has the ability to access.

l Level 2: Inputs to the valuation methodology include:Quoted prices or similar assets or liabilities in active markets;

Quoted prices or identical or similar assets or liabilities in inactive markets; Inputs other than quoted prices that are observable or the asset or liability;Inputs that are derived principally rom or corroborated by observable market data by correlation or other me

I the asset or liability has a speci ed (contractual) term, the Level 2 input must be observable or substantiull term o the asset or liability.

l Level 3: Inputs to the valuation methodology are unobservable and signi cant to the air value measuremThe assets or liabilitys air value measurement Level within the air value hierarchy is based on the lowe

o any input that is signi cant to the air value measurement. Valuation techniques used need to maximize the observable inputs and minimize the use o unobservable inputs.

Following is a description o the valuation methodologies used or assets at air value. There have been no cin the methodologies used at March 31, 2011 and 2010.

Common stocks and U.S. government securities: Valued at the closing price reported in the active market onwhich the individual securities are traded.

Corporate bonds: Certain corporate bonds are valued at the closing price reported in the active market on which individual securities are traded. Other corporate bonds traded in the over-the-counter market and listed securities or whsale was reported on the last business day o the Plan year are valued at the average o the last reported bid and asked pr

The preceding methods may produce a air value calculation that may not be indicative o net realizableor refective o uture air values. Furthermore, although the plan believes its valuation methods are appropriaconsistent with other market participants, the use o di erent methodologies or assumptions to determine tvalue o certain nancial instruments could result in a di erent air value measurement at the reporting date

The inputs used in valuing all o the Plans investments have quoted prices in active markets or identical securities (L

NOTE 9 ADMiNiSTRATiVE ExPENSES

NOTE 10 UNALLOCATED NET ASSETSDue to timing di erences in the receipt and posting o contributions and investment income there are di

between the total o participants account balances and the net assets available or bene ts o the Plan. As a rthe Plan had unallocated net assets at March 31, 2011 and 2010 as ollows:

STATEMENTS OF BENEFiT OBLiGATiONS AND NET ASSETS AVAiLABLEFOR BENEFiTS JUNE 30, 2011 AND 2010

STATEMENTS OF CHANGES iN BENEFiT OBLiGATiONS AND iN NET ASSETSAVAiLABLE FOR BENEFiTS JUNE 30, 2011 AND 2010


NOTE 1 DESCRiPTiON OF PLANThe ollowing description o the Social Service Employees Union Local 371 Annuity Fund (the Plan) provides only gen-

eral in ormation. Participants should re er to the bene t booklet or a more complete description o the Plans provisions.

General: The Plan is a collectively bargained single employer non-contributory de ned contribution plan that provides an-nuity bene ts to eligible participants. The Plan was established in 1999 pursuant to a collective bargaining agreement betweenthe City o New York and its agencies (the Employer) and Social Service Employees Union Local 371 AFSCME, AFL-CIO, (theUnion). It is not subject to the provisions o the Employee Retirement Income Security Act o 1974 (ERISA), as amended.

Plan Adm n strat on:The administration o the Plan is the responsibility o a board o trustees comprised o union o -cers and appointees. The Plans investments are managed by independent investment managers who have ull discretion

and authority to engage in transactions or the bene t o the Plan within the guidelines set by the trustees. A separate Plancustodian holds the investments o the Plan.

Contr but ons:Contributions are made by the Employer or covered participants. Rates are determined by the collec-tive bargaining agreement in e ect at the time. The collective bargaining agreement requires contributions or all eligibleparticipants to be paid at a pro-rata daily rate not to exceed $684 per annum.

The Plan accepts rollover contributions rom other New York City Governmental Plans or employees trans erring intocovered titles.

Part c pant Accounts: Each participants account is credited with employer contributions made on their behal plusan allocation or Plan earnings (losses) less distributions and a deduction or Plan expenses.

Vest ng: Once an individual account has been established, all contributions and earnings thereon are immediatelyvested in each participants account a ter the end o each quarter.

Pa ment o Benefts: Participants are entitled to their entire account balance. Account distributions are made upontermination o employment, retirement, death or permanent disability.

Plan Term nat on: In the event o termination o the Plan, the Trust Agreement requires that the Trustees shalldistribute to each employee the value o his account subject to any administrative adjustment at the time o termina-tion in such a manner that will best e ectuate the Plans intent.

Other: The Plans Board o Trustees has the right under the Plan to terminate the plan and modi y bene ts providedto participants.

NOTE 2 SUMMARy OF SiGNiFiCANT ACCOUNTiNG POLiCiESBas s o Account ng:The nancial statements are prepared under the accrual method o accounting.Investment Valuation and Income Recognition: Investments are reported at air value. Fair value is the price that would be

received to sell an asset or paid to trans er a liability in an orderly transaction between market participants at the measurementdate. See Note 8 or a discussion o air value measurements. Purchases and sales o securities are recorded on a trade-datebasis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciationincludes the plans gains and losses on investments bought and sold as well as held during the year. Unrealized gains or lossesare the di erences between the air value o the investments held at year-end and those held at the beginning o the year.

Use o Est mates:The preparation o nancial statements in con ormity with accounting principles generally accepted inthe United States o America requires Plan management to make estimates and assumptions that a ect the reported amounto assets and liabilities and disclosure o contingent assets and liabilities at the date o the nancial statements and thereported amounts o revenue and expenses during the reporting period. Actual results could di er rom those estimates.

Pa ments o Benefts: Bene t payments to participants are recorded upon distribution. Amortization o Start-up Costs: All expenses associated with the preparation o the Plans trust documents and

obtaining its tax exemption have been capitalized and amortized over a 15-year period.

NOTE 3 TAx STATUSThe Internal Revenue Service has determined and in ormed the Plan by letter dated November 9, 2000 that the Plan and

related trust, as amended and restated, are designed in accordance with Section 401 (a) o the Internal Revenue Code (IRC),

as amended. The Plan has been amended since receiving its determination letter. However, Plan management believes thatthe Plan as designed is currently being operated in compliance with the applicable provisions o the IRC.

Annu t Fund (cont nued)


12/12


Social Service Employees UnionLocal 371817 BroadwayNew York, N.Y. 10003

Periodicals PostagePaid at New York, NY

Work locations with more than

50 SSEU Local 371 members areentitled to have at least oneDelegate and two Alternates, and locationsare opting to participate in elections or thesepositions between this month and May.

This process o choosing shop foor lead-ers is the beauty o both democracy andrank-and- le unionism.

We nd our power rom the bottom up,said President Anthony Wells, adding thatthe Union has held two lively and inspira-tional delegate trainings in the last year. A strong army o Delegates and Alternates isthe rst line o de ense against managementattacks. These leaders are the organizers

who will bring together members or ghtbacks against budget cuts.

The Union encourages members whoare interested in building their voice in the

workplace and in the Union to participatein these elections. Delegates and Alternatesplay an important role in protecting therights o members on the job and communi-cating whats going on in the eld to SSEU

Local 371 o cers.Rules or the 2012 Delegate Elections

were published in last months issue o theUnionist .

I you have any questions, please call theSecretary-Treasurers o ce at (212) 598-7040 or (212) 598-7041, or the Unionsmembership desk at (212) 598-7052.

The importance o Delegate Elect ons

SWAP- CWS at TASA/ACS At 150 William Street in Man-hattan would like to swap to CWS/ACS position in the Bronx.I interested, call (917) 587-3367 or (212) 341-3292.

SWAP- SUP I at Long Term Home Health Care Programat 30 Rockwell Place in Brooklyn would like to swap to aSup I non-feld position in Lower Manhattan or MidtownManhattan. I interested, call (718) 330-2293.

SWAP- JOS at (Center 17) 132 West 125th Street inManhattan would like to swap with JOS at (Center 47)275 Bergen Street, Brooklyn. I interested, call (917)306-2030.

SWAP- Caseworker at HHC at 3424 Kossuth Avenue inthe Bronx would like to swap with Caseworker in Manhat-tan or Brooklyn. I interested, call (718) 642-7451.

SWAP- Community Assistant at 78 Catherine Streetwould like to swap with Community Assistant at300 Skillman Avenue, Brooklyn. I interested, call (212)877-4434.

SWAP- AJOS at (Center 67) 45 Hoyt Street, Brooklynwould like to swap with AJOS at (Center 54) 165-0888th Street, Jamaica, Queens. I interested, contact(347) 995-6127.

SWAP- Caseworker at OCSE in Manhattan would liketo swap with Field Caseworker in HASA in Brooklynor any non-feld position in Brooklyn or Manhattan. Iinterested, call (917) 723-0956.

SWAP- Caseworker at HASA in Manhattan Home-making Unit non-feld position would like to swap withCaseworker in Queens. I interested, call (212) 620-9817.

SWAP- AJOS worker at (Center 99) in Richmond,Staten Island would like to swap sites to 109 East 16thStreet, Manhattan. I interested, call (347) 398-4891.

SWAP- Caseworker at HASA Queensboro O fcelocated at 33-28 Northern Blvd, LIC, would like to swapto HASA/Greenwood or HASA/ Brownsville. I interested,call (917) 226-5931.

SWAP- Supervisor I at APS in Manhattan (South)would like to swap with a non-feld Supervisor I posi-tion in lower downtown Manhattan or upper midtownManhattan. I interested, call (212) 971-2894.

FOR SALE- 2000 Volkwagen Jetta/Red mint condition,69,100 miles, asking $3,500, 4 Door automatic. Iinterested, call (646) 732-0210.

BULLETIN BOARDMEMBERS

Condolences are extended to JosephDigirolomo, Caseworker and Delegate/ Alternate at 42-02 32nd Place, LIC, NY 11101,on the death o his twin brother, MichaelDigirolomo, who died March 22. Condolencescan be sent to Joseph Digirolomo 42-02 32ndPlace, 3rd Floor, Long Island City, NY 11101.

Congratulat ons to Maria Gonzalez, JOS atHRA/FIA at Bay Ridge Job Center #70, whoretired March 30.

Congratulat ons to Elnora Phillips,Caseworker and activist at HRA/OCSE Bronxo fce #3, 260 East 161 Street, 1st Floor,Bronx, NY 10451, who retired March 3 a ter45 and a hal years o service.

Condolences

O fcial 15-DayElection NoticeO cial 15-day notice is hereby given or thenomination and election o two (2) delegates and

our (4) alternates or the Citywide delegationrom the Department o Transportation (DOT).

The Election will take place on Monday, May 2,2012 at 6:30 p.m. in the Union o ce,817 Broadway, 12th Floor, Manhattan.

O fcial 15-DayElection NoticeO cial 15-day notice is hereby given or thenomination and election o ten (10) delegatesand twenty (20) alternate delegates or theCitywide delegation rom Civilians in LawEn orcement on Wednesday, May 30, 2012 at6:30 p.m. at the Union o ce, 15th Floor,817 Broadway, Manhattan.

Congratulations

UnionPower

Documents

The Unionist April 2012