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Public Employee Press: PEP Talk

Annual Reports to Fund Membership
District Council 37, AFSCME

Annuity Fund

This is a summary of the annual report of the financial condition and operations for the District Council 37 AFSCME Annuity Fund Plan, EIN 13-4081131, for the period July 1, 2020 through June 30, 2021. The Board of Trustees for the District Council 37 AFSCME Annuity Fund Plan has committed itself to pay certain claims incurred under the terms of the Plan.

Basic Financial Statement

The value of plan assets, after subtracting liabilities was $175,352,350 as of June 30, 2021 and $155,186,613 as of July 1, 2020. During the year, the plan had total income of $34,176,196 including employer contributions of $13,425,613, rollovers of $23,099, and investment income of $20,727,484.

Plan expenses were $14,010,459. These expenses included $1,281,363 in administrative expenses and $12,729,096 in benefits paid on behalf of participants and beneficiaries.

Your Rights to Additional Information

You have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the trust and accompanying notes, or both.

As always, if you should have any questions, or require any additional information, please do not hesitate to contact the Fund office at 212.815.1234 or by writing to District Council 37 AFSCME Annuity Fund Plan, 55 Water Street, 22nd Floor, New York 10041.