The Unionist, April 2016

8/19/2019 The Unionist, April 2016

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A s s aul t

The Union has takenemergency steps aftera Child ProtectiveSpecialist based in StatenIsland was stalked and

assaulted at her mother’s residence March 4. The Union is fighting notonly on her behalf, but of those whohave been assaulted and threatened inthe past. The Union is also working tocombat against future assaults.

CPS Patria Ayton was attacked by

a former client, who had stalked andthreatened the member through socialmedia. The good news is this: Afteran intense push by SSEU Local 371,the assailant has been arrested, and theUnion intends to do whatever it canto ensure this individual is prosecutedto the full extent of the law, using theUnion-backed assault bill, which makessuch attacks a felony offense punishableby up to seven years in prison.

The Union also held a labor/

management meeting March 14 with

Volume 46 • Number April 20

Official Publication of Social Service Employees Union Local 371-DC 37 AFSCME, AFL-CIO www.sseu371.o

Protecting Our Members, atWork, in the Field, at Home

top officials at the Administration forChildren’s Services. After hearingfrom Union officials and ACS workers,management agreed to look at threatsagainst workers more seriously and tobe more proactive. The Union also wants members to have the option ofco-worker assists when going out inthe field.

“It was a productive meeting,”said Vice President for Research andNegotiations Carl Cook. “We are

going to have follow up meetings, and we’re going to continue to talk to ourdelegates about what needs to be done.”

The incident comes after anotherStaten Island CPS got her tires slashed,and as this newspaper went to press,the Union learned of another assaulton a CPS. In September, Bronx-basedCPS Lawanda Joyner was brutallyattacked during a site visit by a client.Since then, she has been out on theassault grant, with injuries to her back,

neck, leg and hand. She has had two

surgeries and requires physical theraptwice a week.“They have to do something to

protect us,” Joyner told the Unionist . “ want to get back to work.”

The assailant, who pleaded not guilin Joyner’s case, will be back in courtin May. Check the website for moredetails.

Union President Anthony Wells saithat it was a top priority to address thcurrent assaults and to work closely

with ACS on real reforms that willmake ACS workers safer in the field.

“I’ve never heard of a client stalkinga member at a relative’s home,” he sai“We have to take this seriously, and ACS has to listen. Fortunately, they a working with us. And we’re going tokeep fighting.”

President Wells added, “We areconcerned about safety for workersat all agencies. We are going to lookat security procedures, training and

presence.”


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2 The Unionist | April 2016

T

he recent attack on a Child Protective Specialist reminds

us how dangerous the job can be. But this was particular-ly outrageous, because Patria Ayton, of the Staten Island

Field Office, was attacked at the home of a relative. I believe this

was the first time that a worker was attacked by a client at home.

CPS Ayton was harassed and threatened by the client for a year,

even though the client was no longer on her caseload. Sister Pay-

ton suffered emotional and physical trauma and is recovering.

This incident, and others, is why we have the social service assault law of 2012, which

states that an assault on a social service worker is a felony punishable by up to 7 years

in prison. This local led labor and City Hall coalition that got the law enacted. We

must continue to insist that it is enforced.

We must ensure that the NYPD treats assaults on workers as a priority and not a

routine matter. Our members are committed public servants and demand and deserve

the same respect as any uniformed service provider.

In the case of ACS, there has to be a better relationship with the NYPD, which must

understand that when a worker is attacked they must apprehend the alleged perpetrator.

They must do a thorough investigation and charge under the felony assault law. The

presumption must be that the worker was doing his or her job. Additionally, threats

to workers have to be analyzed and appropriate actions must be taken. The details of

the threat—such as case facts, type of threat, severity of the threat and who made the

threat—should guide the action plan. After the client sent a threatening letter and came

to the office looking of her, CPS Payton asked for an order of protection, but was de-

nied. Her case was a high priority and there should have been police intervention.

While this latest attack is notable, attacks on workers occur both in the workplace as

well as in the field. In addition to analyzing threats, we are asking for a review of security

in all workplaces. In ACS, co-worker assists should be approved policy when requested.

Attacks on workers are attacks on the public, as we provide vital services and do so in

some of the most difficult conditions and situations. We should be able to do it in a

safe and healthy work environment. We also should be able to go home in the same

condition we arrived at work. And if someone lays hands on any of us, law enforce-

ment must intervene.

We will continue to advocate for security and policies to protect members. However, ifthey are unfortunately attacked we will support them. We want them covered under the

injured in the line-of-duty clause that provides for up to 18 months of leave at full pay

and benefits. We will guide them through the process and provide crisis counseling.

We live in an increasingly dangerous world. We have to be alert to our surround-

ings and use our defenses and common sense to protect ourselves. But we have to be

provided the best environment and policies to do our jobs. Be safe. God bless you and

God bless the Union.–Anthony Wells

CALENDAR

Published monthly except for a combined issue in July/

August and a Supplement in January by the Social Service

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: The

Unionist, SSEU Local 371, 817 Broadway, N.Y., N.Y. 10003.

USPS# 348990 (212) 677-3900

ISSN# 0041-7092

President Anthony Wells

Executive Vice President Yolanda Pumarejo

Secretary-TreasurerJuan Ortiz

V.P. Negotiations & ResearchCarl Cook

V.P. Organization & Education Armenta Weekes

V.P. Grievances & Legal ServicesDarek Robinson

V.P. Publicity & Community RelationsPatricia Chardavoyne

V.P. Legislation & Political ActionMichelle Akyempong

Editor Ari Paul

Visit us on the web atwww.sseu371.org

Worker Safety is a Top Priority

APRIL

6 Executive Committee: 6:30 p.m.

Union Office, 12th floor

12 Caribbean Heritage Committee:

6:30 pm. Union Office, 12th floor

Committee for Concerned Social

Workers: 6:30 p.m. Union Office,

15th floor

14 Women’s Committee: 6:30 p.m.


19 Alumni Association: 2:00 p.m.


Jewish Heritage Committee:

6:00 p.m. Union Office, 12th floor

20 Delegate Assembly/General

Membership: 6:30 p.m. DC 37,125 Barclay St., Manhattan

21 Health and Wellness:


27 Civilians in Law Enforcement:


Political Action Committee:


Local 153


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April 2016 | The Unionist 3

ON THE FRONT LINES

Using Business Smarts for the CityTUNISIA HAAMID, a Fiscal Manager

in the Workforce DevelopmentDivision at the Department of SmallBusiness Services, didn’t always enjoythe kind of job protections she has now.

Before coming to City employmentin 2013, she worked in Richmond, Virginia, where she experienced gender,racial and religious discrimination.Living in a right-to-work state, shedidn’t have a union to protect herrights on the job. “In Virginia, youcan be terminated for any reason and

you have no recourse,” Haamid said in

an interview near her office in lower Manhattan.

That’s why she loves having SSEULocal 371 representing her in hercurrent job, and it’s something sheoften reminds her co-workers onlocation.

Haamid, who formally studiedbusiness administration while working in Virginia, started out atSBS managing and overseeing federalgrants related to the Hurricane Sandy

recovery efforts. “I was honored to beable to contribute and give back to New York City,” she said.

Now she works with the City’s Workforce1 program, administeringand overseeing spending in regards tothe City’s workforce training for theunemployed. “It’s excellent, because it’sstill social services,” she said, remarkingabout her time working in Virginiastate government services.

Haamid is passionate about servingthe community through her work andpassionate about contributing to theUnion.

“I go to Union events,” she said.“I encourage others to become Unionmembers.”

Tunisia Haamid

Union-Led Health Program

Thanks to a substantial federalgrant, the Union is participatingin a Total Worker Health

program to addresses worker health

concerns on location.For example, workplace violence isa hazard for social service workers, so your health may be directly affectedif you are the victim of an assault, buthealth can also be indirectly affectedby stress related to the potential for violence, verbal threats of violence, oreven hearing about violent incidencesamong workers or clients. Stress hasbeen clearly linked with cardiovasculardisease and high blood pressure.

The goal of the project will be todevelop a process for the workforce toidentify hazards in the workplace thatlead to stress or otherwise threatenhealth, and to also identify ways to

promote health on the job. At the endof the year-long pilot, we would like toproduce a proposal for specific changesin the ACS workplace to make the jobhealthier. Along the way, we will betraining ACS workers, designing andimplementing surveys and focus groups

to gather front line perspectives. The pilot project will be rolled out

in three ACS head offices (Brooklyn,Queens and Bronx). We already havea proposal in the pipeline for funds to

bring this project to more SSEU Loca371 worksites.

“This is a huge step,” said JenniferZelnick, associate professor of social

work at Touro College, who will be working direct ly with the Union. “It’sbeen a known fact that, for example, workplace violence rates are sometimehigher for social service workers thanfor healthcare workers, but it reallyhasn’t been well studied. It's fantasticthat SSEU Local 371 is interested inchanging this, and in being part of aproject that not only can benefit itsmembers, but also moves the wholediscussion of workplace safety for

social service workers forward.” The project was developed with

assistance from the SSEU Local 371Health and Wellness Committee. Beon the lookout for more information.

Reminder: The Next Wave

Committee's bowling event will

take place April 8 from 7:00 p.m

to 9:30 p.m. at Bowlmor Lanes at

222 West 44th St. (between 7th and

8th Avenues) in Manhattan.


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ith the largest audience

turnout in the event’s his-

tory, the 31st annual Social

Work Month Celebration took

place March 11 at DC 37, hon-

oring members who received

their Masters of Social Work

in 2014 and 2015. Dr. Carl

Mazza, an associate profes-sor of social work at Lehman

College in the Bronx, served

as this year’s keynote speaker.

He spoke passionately about

his time working in prisons

and the criminal justice sys-

tem, and highlighted ongo-

ing reform efforts in the state

around juvenile justice and

rehabilitation.

Members and honorees werealso treated to a full dinner

and music from cellist Amari

Dechinea as well as R and B

vocalist James Bradley and

Friends.

“It’s so wonderful to see

so many people come out to

honor and support our mem-

bers and the sacrifices they’ve

made,” said Committee for

Concerned Social Workers

Chair and Union Executive Vice President Yolanda

Pumarejo. “It’s a testament

to how people in this Union

really support each other and

value social work and higher

education.”

Union President Anthony

Wells added, “As a social work

and as someone who studied

while working for the City, I

am really proud of what these workers have accomplished, an

I know they will take their edu

cation far into their careers.”

CCSW

Celebration, 2016

Members of the Committee for Concerned Social Workers

President Anthony Wells and Executive

Vice President Yolanda Pumarejo

W


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April 2016 | The Unionist 5

The honorees

James Bradley and Friends

Amari Dechinea

Carl Mazza


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6 The Unionist | April 20166 The Unionist | April

Benefit Funds Financial ReportsWELFARE FUND AUDIT

STATEMENTS OF BENEFIT OBLIGATIONS AND NET ASSETS AVAILABLE FOR BENEFITSJUNE 30, 2015 AND 2014

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014

INDEPENDENT AUDITORS’ REPORT

Report on the Financial Statements: We have audited the accompanying financial statements of Social Servicemployees Union Local 371 Welfare Fund, which comprise the statements of benefit obligations and net assetsvailable for benefits as of June 30, 2015 and 2014, and the related statements of changes in benefit obligationsnd in net assets available for benefits for the years then ended and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements: for the Financial Statements: Plan management issponsible for the preparation and fair presentation of these financial statements in accordance with accountinginciples generally accepted in the United States of America; this includes the design, implementation, and

aintenance of internal control relevant to the preparation and fair presentation of financial statements that areee from material misstatement, whether due to fraud or error. Auditors’ Responsibility: Our responsibility is to express an opinion on these financial statements based on our

udits. We conducted our audits in accordance with auditing standards generally accepted in the United StatesAmerica. Those standards require that we plan and perform the audit to obtain reasonable assurance about

hether the financial statements are free from material misstatement. An audit involves performing procedures to ob tain audit evidence about t he amounts and disc losures in the

nancial statements. The procedures selected depend on the auditors’ judgment, including the assessment ofe risks of material misstatement of the financial statements, whether due to fraud or error. In making thosesk assessments, the auditor considers internal control relevant to the Plan’s preparation and fair presentation

the financial statements in order to design audit procedures that are appropriate in the circumstances, butot for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. Accordingly, wexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies used ande reasonableness of significant accounting estimates made by management, as well as evaluating the overallesentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our

udit opinion.Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the

nancial status of Social Service Employees Union Local 371 Welfare Fund as of June 30, 2015 and 2014, ande changes in its financial status for the years then ended in accordance with accounting principles generally

ccepted in the United States of America.ew York, NY March 11, 2016

o the Board of Trustees Social Service Employees Union Local 371 Welfare Fund

NOTE 1 – DESCRIPTION OF PLAN

The following description of the Social Service Employees Union Local 371 Welfare Fund (the provides only general information. Participants should refer to the Plan’s benefit booklet and it’s SummDescription for a more complete description of the Plan provisions.

General: The Plan was established in 1965 for the purpose of providing health care benefits to employees covered by the collective bargaining agreement between the Social Service Employees Unio371 AFSCME, AFL-CIO (the “Union”) and the City of New York (the “Employer”). It is not subject to the prof the Employee Retirement Income Security Act of 1974, as amended (ERI SA).

Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees compseven trustees, all of whom are elected by the general membership of the Union.Benefits: The Plan provides benefits as enumerated in Note 7 to full time participants of the Plan and

beneficiaries and covered dependents. Part time participants are provided dental, drug, optical, podiatry insurance benefits.

During the year, the following insured benefit was in effect:

Insurer Benefit

Standard Insurance Company of New York Life insurance

During the year, the following administrative benefit contract was in effect:

Third Party Administrator Benefit

Medco Health/ESI Prescription drug

The Plan operates a medical facility that provides dental care and podiatry benefits. As an alternativregular schedule of benefits, participants can elect these services with no out-of-pocket costs.

Funding: Employer contributions are made by the Employer to the Social Service Employees Union Lo Administrative Fund (the “Administrative Fund”), a related organization. The Plan receives, on an as needed ballocation of these contributions (see Note 6).

Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the trusteeobligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their

best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrue to the benefiUnion or the Employer.

Other: Although they have not exp ressed any intention to do so, the Plan’s Board of Trustees has tunder the Plan to modify the Trust and to terminate the Plan.

Basis of Accounting: The financial statements were prepared on the accrual basis of accounting.Administrative Expenses: The Social Service Employees Union Local 371 Administrative Fund

administrative expenses of the Plan, other than contract administrative fees (See Note 6 ).Valuation of Investments: In general, short-term investments, which are readily convertible into c

are carried at cost, which approximates fair value.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acand does not purpor t to represent replacement or realizable value. All a ssets are depreciated over estimatelives using the straight-line method. Expenditures for normal repairs of equipment are charged to current ope All other expenditures for fixed assets are capitalized.

Use of Estimates: The preparation of financial statements in conformity with accounting principles gaccepted in the United States of America requires Plan management to make estimates and assumptioaffect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at of the financial statements and the reported amounts of revenues and expenses during the reporting Actual resu lts could diffe r from those estimates.

Plan Benefits: Plan obligations at June 30 for health claims incurred by active participants but not rat that date and for future disability payments at June 30 are estimated by the Plan’s actuary in accordaaccepted actuarial principles.

NOTE 3 – TAX STATUS

The Trust established under the Plan to hold the Plan’s assets is intended to be qualified pursuant to Sec501(c)( 9) of the Internal Revenue Code of 1986 (IRC ), as amended and, accordingly, the trust’s net incomeexempt from income taxes. The Plan has obtained a favorable tax determination letter from the Internal ReveService, and Plan management believes that the Trust, as amended, continues to qualify and to operate inaccordance with applicable provisions of the Internal Revenue Code.

The Plan’s tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax aut

NOTE 4 – CONCENTRATION OF CREDIT RISK

Financial instruments that subject the Plan to concentration of credit risk include cash and shinvestments. The Plan maintains accounts at high quality financial institutions. While the Plan attempts any financial exposure, its cash deposit balances may, at times, exceed federally insured limits. Shoinvestments are not covered by the Federal Deposit Insurance C orporation.

NOTE 5 – RISKS AND UNCERTAINTIES

Due to various risks (e.g., interest rate, market and credit risks) associated with certain investments the level of uncertainty related to changes in the value of investments, it is at least reasonably possible

changes in the values of investments will occur in the near term that could materially affect the amountreported in the statement of net assets available for benefits.

The balance of claims incurred but not reported is reported based on certain assumptions, which are to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reapossible that changes in these estimates and assumptions in the near term would be material to the fistatements.

NOTE 6 – AGREEMENTS AND TRANSACTIONS WITH RELATED PARTIES

The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Sand Welfare Plans decided that in order to simplify operations and record keeping, all administrative expethe above-mentioned benefit plans would be paid by the Administrative Fund.

As st ated in Note 1, the Administr ative Fund is the recipient of employer contributi ons. These contrare then allocated on an as needed basis to cover the costs of the Plan’s benefit programs and related ex

The Plan reimburses the Union for 50% of the Union’s cost of the Health and Safety Coordinator’s Total reimbursements were $24,812 and $20,681 for the years ended June 30, 2015 and 2014 respec

STATEMENTS OF CHANGES IN BENEFIT OBLIGATIONS AND IN NET ASSETS AVAILABLE FOR BENEFITSJUNE 30, 2015 AND 2014

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


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April 2016 | The Unionist April 2016 | The Unionist

ADMINISTRATIVE FUNDo Board of Trustees Social Service Employees Union Local 371 Administrative Fund


Report on the Financial Statements: We have audited the accompanying financial statements of the Socialervice Employees Union Local 371 Administrative Fund, which comprise the statements of net assets availabler benefits as of June 30, 2015 and 2014, and the related statements of changes in net assets available forenefits for the years then ended and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements: Plan management is responsible for the preparationnd fair presentation of these financial statements in accordance with accounting principles generally accepted

the United States of America; this includes the design, implementation, and maintenance of internal controllevant to the preparation and fair presentation of financial statements that are free from material misstatement,hether due to fraud or error. Auditors’ Responsibility: Our responsibility is to express an opinion on these financial statements based on our


hether the financial statements are free from material misstatement.

OTE 1 – DESCRIPTION OF PLAN

The following description of the Social Service Employees Union 371 Administrative Fund (the “Plan”)ovides only general informationGeneral: On July 19, 1973, the Social Service Employees Union Local 371 AFSCME, AFL-CIO (the “Union”)

ntered into an Agreement and Declaration of Trust establishing the Plan. The purpose of the Plan is to collectmployer contributions received pursuant to the collective bargaining agreement between the Union and the City ofew York (the “Employer”), to remit these contributions to the Social Services Employees Union Local 371 Legalervices, Welfare, and Charles Ensley Educational and Scholarship Plans’, and to pay the administrative expensesthose plans. The Plan is not subject to the provisions of the Employee Retirement Income Security Act of 1974,


OTE 7 – BENEFITS PAID NOTE 8 – FIXED ASSETS

Fixed assets at June 30, 2015 and 2014 by classification are summarized as follows

WELFARE FUND AUDIT (continued)

NOTE 9 – EVALUATION OF SUBSEQUENT EVENT

The Plan has evaluated subsequent events through March 11, 2016, the date the financial statemen

available to be issued.

An audit involves pe rforming procedures to obtain audit evidence about the amounts and disclo surefinancial statements. The procedures selected depend on the auditors’ judgment, including the assessthe risks of material misstatement of the financial statements, whether due to fraud or error. In makinrisk assessments, the auditor considers internal control relevant to the Plan’s preparation and fair presof the financial statements in order to design audit procedures that are appropriate in the circumstancnot for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. Accordiexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies uthe reasonableness of significant accounting estimates made by management, as well as evaluating thepresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisaudit opinion.Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects,assets available for the benefits of the Social Service Employees Union Local 371 Administrative Fund as30, 2015 and 2014, and the changes in net assets available for benefits for the years then ended in accwith accounting principles generally accepted in the United States of America.New York, NY Februar y 1

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITSJUNE 30, 2015 AND 2014

STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITSJUNE 30, 2015 AND 2014

as amended (ERISA).Plan Administration: The administration of the Plan is the responsibility of a board of trustees comp

five trustees, four of whom are appointed by the executive committee of the Union and the fifth being the Pof the Union. The investments of the Plan are managed by an investment adviser and maintained by a separcustodian.

Benefits: The Plan does not provide benefits directly to covered members; instead, employer contribuallocated to the Social Service Employees Union Local 371 Welfare, Legal Services, and Charles Ensley Eduand Scholarship Funds’ on an as needed basis to support their program of benefits.

Funding: Contributions are made by the City of New York for covered participants based upon an anmember amount. The contribution rate is determined by the collective bargaining agreement in effect at the


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ADMINISTRATIVE AUDIT (continued)

NOTE 10 – EVALUATION OF SUBSEQUENT EVENTS

The Plan has evaluated subsequent events through February 11, 2016, the date the financial statwere available to be issued.

NOTE 11 – LINE OF CREDIT

The Plan had a $1,500,000 line of credit with the Amalgamated Bank of New York which expired on May 29 As of June 30, 2015, there were no outstanding borrowings under the line of credit. The terms of the agincluded various covenants which required, among other things, that the Plan maintain certain financial ratPlan’s line of credit with Amalgamated Bank of New York was not renewed upon expiration.

NOTE 12 – LEASE COMMITMENTS As stated in Note 5 , the Union rents space on a month to month basis to the Plan based on square

The terms of the lease are based on the August 1, 2003 agreement that expired on May 31, 2013. Perpired agreement, the Plan pays 100% of the rental cost for the 15 th floor, the Social Service Employees Ucal 371 Welfare Fund pays 66% of the 12th floor, and the Union pays 100% of the 14th floor and 34% of tfloor. Rent expenses were $259,332 and $247,764 for the years ended June 30, 2015 and 2014, resp

NOTE 13 – ADMINISTRATIVE EXPENSES

The Plan also receives contributions on behalf of eligible employees of the Union and Plan who are providedoverage under the Benefit Plans.

Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the trustees pay allbligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opinion,est effectuate the purpose of the Plan. In no circumstances, shall any funds revert or accrue to the benefit of thenion or the Employer.

Other: Although they have not expressed any intention to do so, the Plan’s Board of Trustees has the rightnder the Plan to terminate the Plan and to modify benefits provided to participants.

OTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting: The financial statements were prepared on the accrual basis of accounting.Investment Valuation and Income Recognition: Investments are reported at fair value. Fair value is the

ice that would be received to sell an asset or paid to transfer a liability in an orderly transaction between marketarticipants at the measurement date (see Note 8 on Fair Value Measurements.)

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on theccrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the plan’s gains andsses on investments bought and sold as well as held during the year. Unrealized gains or losses are thefferences between the fair value of the investments held at year-end and those held at the beginning of thear. Realized gains or losses on the sale of investments are based on the historical costs of the individualvestments sold for financial reporting purposes.Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acquisition

nd does not purpor t to represent replacement or realizable value. All assets are depreciated over estimated usefules using the straight-line method. Expenditures for normal repairs of equipment are charged to current operations.l other expenditures for fixed assets are capitalized.Administrative Expenses: The Plan pays the administrative expenses of the Social Services Employees Union

ocal 371 Legal Services, Welfare, Staff Pension, Annuity, and Charles Ensley Educational and Scholarship Funds’.Use of Estimates: The preparation of financial statements in conformity with accounting principles generally

ccepted in the United S tates of America requires Plan management to make estimates and assumptions that affecte reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the

nancial statements and the reported amounts of revenues and expenses during the reporting period. Actual resultsould differ from those estimates.

OTE 3 – TAX STATUSThe Trust established under the Plan to hold the Plan’s assets is intended to be qualified pursuant to Section 501

) (9) of the Internal Revenue Code of 1986 (IRC), as amended and accordingly, the trust’s net income is exemptom income taxes. The Plan has obtained a favorable tax determination letter from the Internal Revenue Service,nd Plan management believes that the Trust, as amended, continues to qualify and to operate in accordance withpplicable provisions of the Internal Revenue Code.

The Plan’s tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authorities.

OTE 4 – RISKS AND UNCERTAINTIES

The Plan invests in various investment securities. Investment securities are exposed to various risks such asterest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, itat least reasonably possible that changes in the values of investment securities will occur in the near term

nd that such changes could materially affect the amounts reported in the statement of net assets available forenefits.

The Plan’s allocations of employer contribution income and the resulting balances due from these relatedganizations are based on certain assumptions, which are subject to change. Due to uncertainties inherent ine estimations and assumptions process, it is at least reasonably possible that changes in these estimates and

ssumptions in the near term could be material to the financial statements.

OTE 5 – AGREEMENTS AND TRANSACTIONS WITH RELATED ORGANIZATIONS

The Trustees of the Social Service Employees Union Local 371 Administrative, Legal Services, Welfare,nd Charles Ensley Educational and Scholarship Plans decided that in order to simplify operations and recordeeping, administrative expenses of the above-mentioned benefit plans would be paid by the Plan. As stated in Note 1, the Plan is the recipient of employer contribu tions. These contributions are then allocated

n an as need basis to cover the costs of each of the Union’s benefit plans.The Plan and the Union share office facilities, personnel and other overhead expenses. These expenses areocated based on estimated time and space usage. The Plan has a sub-lease agreement with the Union for itsfice facilities, which expired May 31, 2013 (see Note 12).Effective January 1, 2012, the Social Service Employees Union Local 371 Annuity Fund began reimbursing

e Plan for its share of payroll based on actual time spent by employees and for 15% of other general anddministrative expenses.

The Plan’s related party transactions are summarized as follows:

OTE 6 – PENSION PLANS FOR EMPLOYEES

The Plan’s eligible employees are provided pension benefits by the Social Services Employees Union Local 371unds’ Staff Pension Plan, a defined contribution profit sharing plan. Contributions to this plan were $154,640 and

49,144 for the years ended June 30, 2015 and 2014, respectively.

OTE 7 – INVESTMENTS

he following summary reflects investments held at June 30, 2015 and 2014:

NOTE 8 – FAIR VALUE MEASUREMENTS

Financial Accounting Standards Board ( FASB) Accounting Standards Codification (ASC ) 820, Fair VaMeasurements and Disclosures, provides the framework for measuring fair value. That framework provifair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hiegives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levelfair value hierarchy under FASB ASC 820 are described as follows:

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

Level 2: Inputs to the valuation methodology include: Quoted prices for similar assets or liabilities in active markets; Quoted prices for identical or similar assets or liabilities in inactive markets; Inputs other than quoted prices that are observable for the asset or liability;

Inputs that are derived principally from or corroborated by observable market data by correlatiother means.If the asset or liability has a specified (contractual) term, the level 2 input must be observable for

substantially the full term of the asset or liability. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value

measurement.The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lo

level of any input that is significant to the fair value measurement. Valuation techniques used need to mthe use of observable inputs and minimize the use of unobservable inputs.

The following is a description of the valuation methodologies used for assets at fair value. There haveno changes in the methodologies used at June 30, 2015 and 2014.

Interest bearing cash: Interest bearing cash is reported at cost, which approximates fair value.U.S. government securities: U.S. government securities are valued at the closing price reported in the

market on which the individual securities are traded.The preceding methods may produce a fair value calculation that may not be indicative of net realizab

value or reflective of future fair values. Furthermore, although the plan believes its valuation methods aappropriate and consistent with other market participants, the use of different methodologies or assumpto determine the fair value of certain financial instruments could result in a different fair value measuremthe reporting date.

The inputs used in valuing all of the Plan’s investments have quoted prices in active markets for idensecurities (Level 1).

NOTE 9 – FIXED ASSETS

Fixed assets at June 30, 2015 and 2014 by classification are summarized as follows:

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014 (continued)


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April 2016 | The Unionist

NOTE 1 – DESCRIPTION OF PLAN

The following description of the Charles Ensley Educational and Scholarship Fund of the Social Employees Union Local 371 (formerly the Social Service Employees Union Local 371 Educational Fund)

“Plan”) provides only general information. Participants should refer to the benefit booklet for a more codescription of Plan provisions.

General: The Plan was established in 1965 for the purpose of providing educational benefits toemployees covered by the collective bargaining agreement between the Social Service Employees Unio371 AFSCME, AFL-CIO (the “Union”) and the City of New York (the “Employer”). It is not subject to the prof the Employee Retirement Income Security Act of 1974, as amended (ERISA), but voluntarily files Form 55

In April 2014, an amendment to the Plan was adopted by the membership of the Union to change the the Social Service Employees Union Local 371 Educational Fund to the Charles Ensley Educational and Sch

Fund of the Social Ser vice Employees Union Local 371. As par t of this amendment, the Plan will provide schbenefits based on criteria different from other plan benefits.

Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees coof seven trustees, all of whom are elected by the general membership of the Union.

Benefits: The Plan provides a schedule of reimbursements for job-related courses, conferences, Plan also provides its own training courses at no cost to members.

Funding: Contributions are made by the Employer to the Social Ser vice Employees Union Local 371 AdminFund (the “Administrative Fund”), a related organization. The Plan receives, on an as needed basis, an allocthese contributions (see Note 4). The Plan also has an annual fundraising event for the exclusive purpose of pscholarships.

Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the pay all obligations of the Plan and shall distribute and apply any remaining surplus in such a manner astheir opinion, best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrubenefit of the Employer or the Union.

Other: Although they have not expressed any intention to do so, the Plan’s Board of Trustees has tunder the Plan to modify the Trust and to terminate the Plan.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting: The records of the Plan are maintained on the accrual basis of accounting.Use of Estimates: The preparation of financial statements in conformity with accounting principles g

accepted in the United States of America requires Plan management to make estimates and assumptioaffect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at of the financial statements and the reported amounts of revenues and expenses during the reporting Actual resul ts could diffe r from those estimates.

Plan Benefits: Estimated liabilities for benefits incurred but not reported were calculated at 20% of paid less actual accruals for benefits payable.

Administrative Expenses: The Administrative Fund pays all administrative expenses of the Plan.


The Trust established under the Plan to hold the Plan’s assets is qualified pursuant to Section 501(c)(Internal Revenue Code, as amended and, accordingly, the trust’s net income is exempt from income taxPlan has obtained a favorable tax determination letter from the Internal Revenue Service and Plan manabelieves that the Trust, as amended, continues to qualify and to operate in accordance with applicable proof the Internal Revenue Code.

The Plan’s tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax aut

NOTE 4 – TRANSACTIONS WITH RELATED PARTIES

The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Seand Welfare Plans decided that in order to simplify operations and record keeping, all administrative expof the above-mentioned benefit plans would be paid by the Administrative Fund.

As st ated in Note 1, the Administr ative Fund is the recipien t of emp loyer contributions. These contrare then allocated on an as needed basis to cover the costs of the Plan’s benefit programs and related exexcluding scholarships.

NOTE 5 – RISKS AND UNCERTAINTIES

The balance of claims incurred but not reported is reported based on certain assumptions, which are to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reapossible that changes in these estimates and assumptions in the near term would be material to the fistatements.


The Plan has evaluated subsequent events through March 11, 2016, the date the financial statemenavailable to be issued.

NOTE 7 – SEGREGATED CASH

As discussed in Note 1, the Plan was amended to pro vide scholar ship benefits based on criteria differother plan benefits. As such, proceeds net of disbursements from the Plan’s donations, grants, and funevents are segregated for the payment of scholarships.

NOTE 8 – RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

Amounts currently payable to o r for participants, dependent s and beneficiar ies are recorded on th

5500 for benefits that have been processed and approved for payment prior to June 30, but not yet pathat date, and for estimates of claims incurred but not yet reported to the Plan.

CHARLES ENSLEY EDUCATIONAL AND SCHOLARSHIP FUND

Report on the Financial Statements: We have audited the accompanying financial statements of the Charlesnsley Educational and Scholarship Fund of the Social Service Employees Union Local 371, which comprise theatements of benefit obligations and net assets available for benefits as of June 30, 2015 and 2014, and thelated statements of changes in benefit obligations and in net assets available for benefits for the years then

nded and the related notes to the financial statementsManagement’s Responsibility for the Financial Statements: Plan management is responsible for the preparation

nd fair presentation of these financial statements in accordance with accounting principles generally acceptedthe United States of America; this includes the design, implementation, and maintenance of internal control

levant to the preparation and fair presentation of financial statements that are free from material misstatement,hether due to fraud or error. Auditors’ Responsibility: Our responsibility is to express an opinion on these financial statements based on our


hether the financial statements are free from material misstatement. An audit involves performing procedures to ob tain audit evidence about t he amounts and disc losures in the

nancial statements. The procedures selected depend on the auditors’ judgment, including the assessment ofe risks of material misstatement of the financial statements, whether due to fraud or error. In making thosesk assessments, the auditor considers internal control relevant to the Plan’s preparation and fair presentation

the financial statements in order to design audit procedures that are appropriate in the circumstances, butot for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. Accordingly, wexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies used ande reasonableness of significant accounting estimates made by management, as well as evaluating the overallesentation of the financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our

udit opinion.Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the

nancial status of the Charles Ensley Educational and Scholarship Fund of the Social Service Employees Unionocal 371 as of June 30, 2015 and 2014, and the changes in its financial status for the years then ended inccordance with accounting principles generally accepted in the United States of America.

ew York, NY March 11, 2016


The following is a reconciliation of net assets available for benefits per the financial statements to t5500:

o the Board of Trustees Social Service Employees Union Local 371 Charles Ensley Educational and Scholarshipund


STATEMENTS OF CHANGES IN BENEFIT OBLIGATIONS AND IN NET ASSETS AVAILABLEFOR BENEFITS YEARS ENDED JUNE 30, 2015 AND 2014



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Report on the Financial Statements: We have audited the accompanying financial statements of the Socialervice Employees Union Local 371 Annuity Fund, which comprise the statements of net assets available forenefits as of March 31, 2015 and 2014, and the related statements of changes in net assets available forenefits for the years then ended and the related notes to the financial statements.

Management’s Responsibility for the Financial Statements: Plan management is responsible for the preparationnd fair presentation of these financial statements in accordance with accounting principles generally accepted

the United States of America; this includes the design, implementation, and maintenance of internal controllevant to the preparation and fair presentation of financial statements that are free from material misstatement,hether due to fraud or error. Auditors’ Responsibility::Our responsibility is to express an opinion on these financial statements based on our



oard of Trustees of Social Service Employees Union Local 371 Annuity Fund

Report on the Financial Statements: We have audited the accompanying financial statements of Social Servicemployees Union Local 371 Legal Services Fund, which comprise the statements of benefit obligations and netssets available for benefits as of June 30, 2015 and 2014, and the related statements of changes in benefitbligations and in net assets available for benefits for the years then ended and the related notes to the financialatementsManagement’s Responsibility for the Financial Statements: Plan management is responsible for the preparation

nd fair presentation of these financial statements in accordance with accounting principles generally acceptedthe United States of America; this includes the design, implementation, and maintenance of internal control

levant to the preparation and fair presentation of financial statements that are free from material misstatement,hether due to fraud or error.

Auditors’ Responsibility: Our responsibility is to express an opinion on these financial statements based on ourudits. We conducted our audits in accordance with auditing standards generally accepted in the United StatesAmerica. Those standards require that we plan and perform the audit to obtain reasonable assurance about


LEGAL SERVICES FUND


STATEMENTS OF CHANGES IN BENEFIT OBLIGATIONS AND IN NET ASSETS AVAILABLE FOR BENJUNE 30, 2015 AND 2014


The following description of the Social Ser vice Employees Union Local 371 Legal Services Fund (the “Plan”)ovides only general information. Participants should refer to the Plan’s benefit booklet for a more complete

escription of Plan provisions.General: The Plan was established in 1974 for the purpose of providing prepaid legal benefits to eligible

mployees covered by collective bargaining agreements between the Social Service Employees Union Local 371FSCME, AF L-CIO (the “Union” ) and the City of New York (the “Employer”). It is not subject to the provisions of themployee Retirement Income Security Act of 1974 as amended, (ERISA).

Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees comprisedseven Trustees, all of whom must be members of the Legal Assistance Committee of the Union. The Union’s

onstitution, which determines the composition of the Committee, thereby determines the composition of the BoardTrustees.Benefits: The Plan provides a program of prepaid legal benefits, which include civil and criminal defense

presentation.Funding: Contributions are made by the Employer to the Social Ser vice Employees Union Local 371 Administrative

und (the “Administrative Fund”), a related organization. The Plan receives, on an as needed basis, an allocation ofese contributions (see Note 4).Plan Termination: In the event of termination of the Plan, the trust agreement requires that the trustees pay obligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their

pinion, best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrue to theenefit of the Employer or the Union.

Other: Although they have not expressed any intention to do so, the Plan’s Board of Trustees has the rightnder the Plan to modify benefits provided to participants and to terminate the Plan.


Basis of Accounting: The records of the Plan are maintained on the accrual basis of accounting.Use of Estimates: The preparation of financial statements in conformity with accounting principles

enerally accepted in the United States of America requires Plan management to make estimates andssumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and



oard of Trustees of Social Service Employees Union Local 371 Legal Services Fund


The Plan has evaluated subsequent events through February 11, 2016, the date the financial statwere available to be issued.

An audit involves pe rforming procedures to obtain audit evidence about the amounts and disclo surefinancial statements. The procedures selected depend on the auditors’ judgment, including the assessthe risks of material misstatement of the financial statements, whether due to fraud or error. In makinrisk assessments, the auditor considers internal control relevant to the Plan’s preparation and fair presof the financial statements in order to design audit procedures that are appropriate in the circumstancnot for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. Accordiexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies uthe reasonableness of significant accounting estimates made by management, as well as evaluating thepresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisaudit opinion.

Opinion: In our opinion, the financial statements referred to above present fairly, in all material respefinancial status of Social Service Employees Union Local 371 Legal Services Fund as of June 30, 202014, and the changes in its financial status for the years then ended in accordance with accounting prgenerally accepted in the United States of America.New York, NY February 1

liabilities at the date of the financial statements and the reported amounts of revenues and expenses duthe reporting period. Actual results could differ from those estimates.

Administrative Expenses: The Administrative Fund pays all administrative expenses of the Plan.


The Trust established under the Plan to hold the Plan’s assets is intended to be qualified pursuant to501(c)( 9) of the Internal Revenue Code of 1986 (IRC ), as amended and, accordingly, the trust’s net income ifrom income taxes. The Plan has obtained a favorable tax determination letter from the Internal Revenue Sand Plan management believes that the Trust, as amended, continues to qualify and to operate in accordaapplicable provisions of the Internal Revenue Code.

The Plan’s tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authori

NOTE 4 – TRANSACTIONS WITH RELATED ORGANIZATIONS

The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Sand Welfare Plans decided that in order to simplify operations and record keeping, all administrative expethe above mentioned benefit plans would be paid by the Administrative Fund.

As stated in Note 1, the Adminis trative Fund is the recipient of employer contributions made by the emThese contributions are then allocated on an as needed basis to cover the costs of the Plan’s benefit proThe Plan’s related party transactions with the Administrative Fund are summarized as follows:

ANNUITY FUND An audit involves pe rforming procedures to obtain audit evidence about the amounts and disclo surefinancial statements. The procedures selected depend on the auditors’ judgment, including the assessthe risks of material misstatement of the financial statements, whether due to fraud or error. In makinrisk assessments, the auditor considers internal control relevant to the Plan’s preparation and fair presof the financial statements in order to design audit procedures that are appropriate in the circumstancnot for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. Accordiexpress no such opinion. An audit also includes evaluating the appropriateness of accounting policies uthe reasonableness of significant accounting estimates made by management, as well as evaluating thepresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisaudit opinion.

Opinion::In our opinion, the financial statements referred to above present fairly, in all material respenet assets available for benefits of the Social Service Employees Union Local 371 Annuity Fund as of Ma2015 and 2014, and the changes in its net assets available for benefits for the years then ended in accwith accounting principles generally accepted in the United States of America.New York, NY Octo


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April 2016 | The Unionist

Annuity Fund (continued)STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

MARCH 31, 2015 AND 2014STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

MARCH 31, 2015 AND 2014


The following description of the Social Service Employees Union Local 371 Annuity Fund (the “Plan”) providesnly general information. Participants should refer to the benefit booklet for a more complete description of the Plan’sovisions.General: The Plan is a collectively bargained single employer non-contributory defined contribution plan

at provides annuity benefits to eligible participants. The Plan was established in 1999 pursuant to a collectiveargaining agreement between the City of New York and its agencies (the “Employer”) and Social Servicemployees Union Local 371 AFSCME, AFL-CIO, (the “Union”). It is not subject to the provisions of the Employeeetirement Income Security Act of 1974 (ERIS A), as amended.

Plan Administration: The administration of the Plan is the responsibility of a board of trustees comprised ofnion officers and appointees. The Plan’s investments are managed by independent investment managers whoave full discretion and authority to engage in transactions for the benefit of the Plan within the guidelines set by theustees. A separate Plan custodian holds the investments of the Plan.

Contributions: Contributions are made by the Employer for covered participants. Rates are determined bye collective bargaining agreement in effect at the time. The current collective bargaining agreement requires

ontributions for all eligible participants to be paid at a pro-rata daily rate not to exceed $ 684 per annum.The Plan accepts rollover contributions from other New York City Governmental Plans for employees transferring

to covered titles.Participant Accounts: Each par ticipant’s account is credited with employer contributions made on their behalf

us an allocation for Plan earnings (losses ) less distributions and a deduction for Plan expenses.Vesting: Once an individual account has been established, all contributions and earnings thereon are immediatelysted in each participant’s account after the end of each quarter.Payment of Benefits: Participants are entitled to their entire account balance. Account distributions are made

pon termination of employment, retirement, death or permanent disability.Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the Trustees

hall distribute to each employee the value of his account subject to any administrative adjustment at the time ofrmination in such a manner that will best effectuate the Plan’s intent.Other: The Plan’s Board of Trustees has the right under the Plan to terminate the plan in accordance with the

rms of the Collective Bargaining Agreement and Agreement and Declaration of Trust.


Basis of Accounting: The financial statements are prepared under the accrual method of accounting.Investment Valuation and Income Recognition: Investments are reported at fair value. Fair value is the

ice that would be received to sell an asset or paid to transfer a liability in an orderly transaction between marketarticipants at the measurement date. See Note 7 for a discussion of fair value measurements.

Payments of Benefits: Benefit payments to par ticipants are recorded upon distribution.Amortization of Start-up Costs: All expenses associated with the initial preparation of the Plan’s trust

ocuments and tax exemption application were capitalized and was amortized over a 15-year period.Use of Estimates: The preparation of financial statements in conformity with accounting principles generally

ccepted in the United S tates of America requires Plan management to make estimates and assumptions that affecte reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the

nancial statements and the reported amounts of revenue and expenses during the repor ting period. Actual resultsould differ from those estimates.

Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acquisitionnd does not purport to represent replacement or realizable value. All fixed assets are depreciated over estimatedseful lives using the straight-line method. Expenditures for normal repairs of fixed assets are charged to currentperations. All other expenditures for fixed assets are capitalized.

OTE 3 – TAX STATUS

The Internal Revenue Service has determined and informed the Plan by letter dated June 14, 2012, that thean and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC).

he Plan has been amended since receiving the determination letter. However, the Plan’s management believesat the Plan currently is designed and is being operated in compliance with the applicable requirements of theode and, therefore, believes that the related trust is tax exempt. Consequently, no provision for income taxesas been included in the Plan’s financial statements.

OTE 4 – CONCENTRATION OF CREDIT RISK

Financial instruments that subject the Plan to concentration of credit risk include cash and short-termvestments. The Plan maintains accounts at high quality financial institutions. While the Plan attempts to limitny financial exposure, its cash deposit balances may, at times, exceed federally insured limits. Short-termvestments are not covered by the Federal Deposit Insurance Corporation.

OTE 5 – RISK AND UNCERTAINTIES

The Plan invests in various investment securities. Investment securities are exposed to various risks such asterest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it isleast reasonably possible that changes in the values of investment securities will occur in the near term and

uch changes could materially affect the amounts reported in the statement of net assets available for benefits.


OTE 6 – INVESTMENTS

The following summary reflects investments held at March 31, 2015 and 2014:

NOTE 7 – FAIR VALUE MEASUREMENTS

Financial Accounting Standards Board ( FASB) Accounting Standards Codification (ASC ) 820, Fair VaMeasurements and Disclosures, provides the framework for measuring fair value. That framework provifair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hiegives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three Levthe fair value hierarchy under FASB ASC 820 are described as follows:

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

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

other means.If the asset or liability has a specified (contractual) term, the Level 2 input must be observable forsubstantially the full term of the asset or liability. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value

measurement.The asset’s or liability’s fair value measurement Level within the fair value hierarchy is based on the

lowest Level of any input that is significant to the fair value measurement. Valuation techniques used nemaximize the use of observable inputs and minimize the use of unobservable inputs.

Following is a description of the valuation methodologies used for assets at fair value. There have beechanges in the methodologies used at March 31, 2015 and 2014.

Interest bearing cash: Interest bearing cash is reported at cost, which approximates fair value.Corporate stocks and U.S. government securities: Corporate stocks and U.S. government securities are vat the closing price reported in the active market on which the individual securities are traded.

Corporate and municipal debt instruments : Certain corporate and municipal debt instruments are valu

the closing price reported in the active market on which the individual securities are traded. Other corpand municipal debt instruments traded in the over-the-counter market and listed securities for which nowas reported on the last business day of the Plan year are valued at the average of the last reported bidasked prices.

The preceding methods may produce a fair value calculation that may not be indicative of net realizabvalue or reflective of future fair values. Furthermore, although the plan believes its valuation methods aappropriate and consistent with other market participants, the use of different methodologies or assumpto determine the fair value of certain financial instruments could result in a different fair value measuremthe reporting date.

The inputs used in valuing all of the Plan’s investments have quoted prices in active markets for idensecurities ( Level-1).

NOTE 8 – RELATED PARTY TRANSACTIONS

The Plan and the Social Service Employees Union Local 371 Administrative Fund (the “AdministrativeFund”) share facilities, employees and other overhead expenses (telephone, postage, etc.). The Plan ischarged for an allocation of these shared expenses based on estimated usage percentages. Reimburseto the Administrative Fund for the years ended March 31, 2015 and 2014 were $355,562 and $366,06respectively. As of March 31, 2015 and 2014, the Plan owed the Administrative Fund $16,923 and $20respectively.

NOTE 9 – ADMINISTRATIVE EXPENSES

NOTE 10 – UNALLOCATED NET ASSETS

Due to timing differences in the receipt and posting of contributions and investment income thdifferences between the total of participants’ account balances and the net assets available for benefitPlan. As a result, the Plan had unallocated net assets at March 31, 2015 and 2014 as follows:


The Plan has evaluated subsequent events through October 8, 2015, the date the financial statemenavailable to be issued.


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12 Th Uni ni t | A il 2016

CBP PLAN DESIGN CHANGES Current Copay New Copay

PCP (including mental health) $15 $15

ACP Generalist (PCP) $15 $0

ACP Specialty $20 $0

Non-ACP Surgical Specialty $20 $30

All Other Specialists $15 $30

Emergency Room $50 $150

Urgent Care $15 $50

MRI/CT High Cost Radiology $15 $50

Physical Therapy $15 $20

Diagnostic/Lab $15 $20

Preventative Care-Non-Rx Varies $0

Preventative Care-Rx Varies $0

Total estimate savings: $84.7 million

12 Th U i i | A il

Social Service Employees Union

Local 371

817 Broadway

New York, N.Y. 10003

Periodicals Postage

Paid at New York, NY

UNDER THE NEW health care agreement between the City and the MunicipalLabor Committee, there is a new co-pay schedule for City workers. Please refer tothis chart and check out the website for more health care information. Changes areefective July 1, 2016.

Health Plan Changes

Current and new Co-pays for the GHI CBP Plan

FIVE HUNDRED

Union members in theDepartment of Homeless

Services received a $1.9million settlement in theongoing Fair Labor andStandards Act lawsuitregarding unpaid overtimewages.

Individual members willreceive anywhere between$100 and $6,000 depend-ing on their claims. TheUnion is continuing to

advocate for back pay onunpaid overtime in otheragencies.

Please see the sectionon the FLSA on the Union’swebsite for further detailsand to see if you qualifyfor the lawsuit. Cases arepending on behalf of morethan 2,000 workers atNYCHA and ACS. Pleasenote, it is unlawful for the

City to retaliate against youfor participating in the law-suit and Union lawyers willrepresent any member whois the victim of retaliation.

“This is a great legalvictory and a great day formembers who have beenshortchanged unfairly,”said Union Vice Presidentfor Grievances and LegalServices Darek Robinson.

“We look forward to see-ing more payouts in otheragencies.”

Robinson added that anymember who believes heor she is being shorted onovertime should contactan organizer or go to theFLSA portion of the Union’swebsite.

FLSA Victoryfor DHSWorkers

Documents

The Unionist, April 2016