UMWA 1992 Benefit Plan

The 1992 Benefit Plan was established in 1992 under the Coal Industry Retiree Health Benefit Act of 1992 (Coal Act.) The 1992 Benefit Plan's day-to-day operations are administered by the UMWA Health and Retirement Funds ("Funds"). The 1992 Benefit Plan contracts with the UMWA 1974 Pension Trust for administrative services, as do the other pension and benefit plans which the Funds administers.

The 1992 Benefit Plan, provides health benefits to nearly 10,000 retired or disabled mine workers and their families. Health and death benefits for active miners and health benefits for most retired mine workers who receive their pensions from the 1974 Pension Plan are provided through plans administered by their employers.

In accordance with the Coal Act, the 1992 Benefit Plan provides health benefits to individuals (and their eligible dependents) who, but for the enactment of the Coal Act, would have been eligible to receive benefits from the UMWA 1950 Benefit Plan or the UMWA 1974 Benefit Plan, based on age and service earned as of February 1, 1993; or are entitled to receive retiree health benefits from their last signatory employer as of February 1, 1993 but are not receiving such coverage. The individual must have left the coal industry on or before September 30, 1994.

Plan Administration

All major policy decisions for the 1992 Benefit Plan are made by the board of four trustees who are the Plan Administrator. The duties of the trustees include interpreting the provisions of the plans and investing the assets of the trust.

As required by the Coal Act, the UMWA and the Bituminous Coal Operators' Association (BCOA) each appoints two trustees. Michael H. Holland and Carlo Tarley have been appointed by the UMWA, and Elliot A. Segal and A. Frank Dunham have been appointed by the BCOA. Mr. Holland is Chairman of the Trustees.