Public Employee Press: PEP Talk
Annual Reports to Fund Membership
District Council 37, AFSCME
This is a summary of the annual report of the financial condition and operations for the District Council 37 Education Fund, EIN 13-2686582, for the period July 1, 2020 through June 30, 2021.
The Board of Trustees for the District Council 37 Education Fund has committed itself to pay certain benefits under the terms of the Plan.
Basic Financial Statement
The plan is mainly funded by the District Council 37 Benefits Fund Trust equivalent to its net cost of operations each year. As a result, the value of plan assets, after subtracting liabilities was $0 as of June 30, 2021 and July 1, 2020. During the plan year, the plan had total income of $7,547,926 consisting of allocations from District Council 37 Benefits Fund Trust.
Plan expenses were $7,547,926. These expenses included $1,099,400 in administrative expenses and $6,448,526 in educational benefits paid on behalf of participants.
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 plan 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 212.815.1659 or by writing to District Council 37 Education Fund, 75 Broad Street, 22nd Floor, New York, NY 10004.