2024-03-05T12:44:16-06:00 2023-06-30 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2022-07-01 256862258 PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST PENN 7172557000 400 N THIRD STREET PO BOX 1724 HARRISBURG PA 17105 JOSEPH M THAYER VEBA COMMITTEE CHAIR 7172557000 2024-03-05 1 JOSEPH THAYER 999009999 1 ALYSSA N IRISH P02389116 7177617910 2024-02-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSEPH M THAYER 400 N THIRD STREET PO BOX 1724 HARRISBURG PA 17105 1930925 0 X N/A X 2004 PA THE PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS FOR CERTAIN RETIREES OF PENNSYLVANIA STATE EDUCATION ASSOCIATION. 10 0 0 10 0 0 0 0 611942 633390 3038981 1214235 0 0 3650923 1847625 0 0 594564 622398 22506 21746 0 0 0 70355 68516 687425 712660 2963498 1134965 29043931 32164596 9505 5695 29034426 32158901 THE PENNSYLVANIA STATE EDUCATION ASSOCIATION RETIREE BENEFIT TRUST PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS FOR CERTAIN RETIREES OF PENNSYLVANIA STATE EDUCATION ASSOCIATION. 0 0 THE PROGRAM PROVIDES HEALTH AND PRESCRIPTION DRUG BENEFITS ON AN INSURED BASIS. BENEFITS ARE PROVIDED BY THE PLAN PURSUANT TO COLLECTIVE BARGAINING OBLIGATIONS UNDER AGREEMENTS BETWEEN PENNSYLVANIA STATE EDUCATION ASSOCIATION AND THE STAFF ORGANIZATION. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 10 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X LAHRSEN HARPER 7172557000 400 N THIRD STREET PO BOX 1724 HARRISBURG PA 17105 CORRY SCHACHERN VEBA COMMITTEE MEMBER 1.00 55.00 X 0 220932 48224 JOSEPH P HOWLETT VEBA COMMITTEE MEMBER 1.00 55.00 X 0 201313 56428 DAVID P PETRUZZI VEBA COMMITTEE MEMBER 1.00 55.00 X 0 190795 60940 JOSEPH M THAYER VEBA COMMITTEE MEMBER 1.00 55.00 X 0 189752 60284 JEFFREY D LEWIS VEBA COMMITTEE MEMBER 1.00 55.00 X 0 171707 44992 DANIEL C MERCER VEBA COMMITTEE CHAIRPERSON 1.00 55.00 X X 0 158247 49282 JENNIFER L WERT VEBA COMMITTEE MEMBER 1.00 55.00 X 0 145269 49958 LISA LYTER ALTERNATE VEBA COMMITTEE M 1.00 55.00 X 0 153013 41566 AARON F CHAPIN VEBA COMMITTEE MEMBER 1.00 55.00 X 0 99990 67003 JOHN ABE VEBA COMMITTEE MEMBER 1.00 40.00 X 0 80158 22447 PHYLLIS HEVERLY FLESHER VEBA COMMITTEE MEMBER 1.00 55.00 X 0 46046 53136 PNC BANK NATIONAL ASSOCIATION INSTITUTIONAL TRUSTEE 1.00 X 21747 0 0 21747 1657222 554260 0 0 1 0 0 EMPLOYER CONTRIBUTIONS 900099 498037 498037 PARTICIPANTS CONTRIBUTIONS 900099 135353 135353 633390 1197535 1197535 100000 83300 16700 16700 16700 1847625 633390 0 1214235 622398 21746 1282 16385 32100 10100 8649 712660 81364 100156 15922 20664 28946645 32043776 29043931 32164596 9505 5695 9505 5695 X 29034426 32158901 29034426 32158901 29043931 32164596 1134965 1989510 0 X X 0 1 X 1 0 0 X 3837135 1989510 1989510 1847625 0 1847625 712660 0 712660 0 712660 PART X, LINE 2: THE PLAN SPONSOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 0 0 CORRY SCHACHERN VEBA COMMITTEE MEMBER 0 157886 0 0 0 63046 0 7292 0 40932 0 269156 0 57420 JOSEPH P HOWLETT VEBA COMMITTEE MEMBER 0 191711 0 0 0 9602 0 17648 0 38780 0 257741 0 0 DAVID P PETRUZZI VEBA COMMITTEE MEMBER 0 183390 0 0 0 7405 0 20355 0 40585 0 251735 0 0 JOSEPH M THAYER VEBA COMMITTEE MEMBER 0 183390 0 0 0 6362 0 19179 0 41105 0 250036 0 0 JEFFREY D LEWIS VEBA COMMITTEE MEMBER 0 127536 0 0 0 44171 0 5017 0 39975 0 216699 0 38704 DANIEL C MERCER VEBA COMMITTEE CHAIRPERSON 0 157886 0 0 0 361 0 9650 0 39632 0 207529 0 0 JENNIFER L WERT VEBA COMMITTEE MEMBER 0 145193 0 0 0 76 0 10381 0 39577 0 195227 0 0 LISA LYTER ALTERNATE VEBA COMMITTEE M 0 145821 0 0 0 7192 0 21930 0 19636 0 194579 0 0 AARON F CHAPIN VEBA COMMITTEE MEMBER 0 85604 0 0 0 14386 0 27484 0 39519 0 166993 0 0 PART I, LINE 3 SEE FORM 990, SCHEDULE O DISCLOSURE FOR PART VI, SECTION B, LINE 15. FORM 990, PART VI, SECTION A, LINE 1A THE PENNSYLVANIA STATE EDUCATION ASSOCIATION (PSEA) RETIREE BENEFIT TRUST PERMITS TWO ALTERNATE MEMBERS OF THE GOVERNING BODY (VEBA COMMITTEE) TO VOTE IN THE EVENT OF THE ABSENCE OF A REGULAR VEBA COMMITTEE MEMBER WHO HAS NOT DELIVERED A WRITTEN PROXY FOR THEIR VOTE. THE ALTERNATE MEMBERS OF THE VEBA COMMITTEE ARE IDENTIFIED IN PART VII, SECTION A. FORM 990, PART VI, SECTION A, LINE 2 THE PSEA VICE PRESIDENT SERVES AS A VEBA COMMITTEE MEMBER ALONG WITH EMPLOYEES OF PSEA. THE 990 INSTRUCTIONS FOR PART VI, SECTION A, LINE 2, DEFINE THIS SITUATION AS A "BUSINESS RELATIONSHIP" BETWEEN THE PSEA VICE PRESIDENT AND THE OTHER VEBA COMMITTEE MEMBERS. THE POSITION OF PSEA VICE PRESIDENT WAS HELD BY AARON F. CHAPIN. THE REMAINING INDIVIDUALS LISTED IN PART VII, SECTION A WERE EMPLOYEES OF PSEA. FORM 990, PART VI, SECTION A, LINE 8B THE PSEA RETIREE BENEFIT TRUST GOVERNING BODY (VEBA COMMITTEE) DOES NOT HAVE SEPARATE COMMITTEES WITH AUTHORITY TO ACT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 AND RELATED SCHEDULES IS REVIEWED BY THE VEBA COMMITTEE. THE VEBA COMMITTEE ALSO MEETS WITH A REPRESENTATIVE OF THE ACCOUNTING FIRM THAT PREPARED THE FORM 990 AND RELATED SCHEDULES TO DISCUSS THE CONTENT AND ANSWER ANY QUESTIONS THEY MAY HAVE. THE FINAL COPY IS PROVIDED TO EACH VEBA COMMITTEE MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. EACH VEBA COMMITTEE MEMBER OR OTHER INDIVIDUAL DELEGATED POWERS OR FIDUCIARY RESPONSIBILITY FOR THE VEBA SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED, READ, AND UNDERSTOOD THE POLICY. FURTHERMORE THAT THEY AGREE TO COMPLY WITH THE POLICY AND THEY UNDERSTAND THAT THE VEBA IS A TAX EXEMPT ORGANIZATION, AND IN ORDER TO MAINTAIN ITS FEDERAL EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ITS TAX EXEMPT PURPOSE. TO ENSURE THAT THE VEBA OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSE, PERIODIC REVIEWS SHALL BE CONDUCTED. THESE REVIEWS WILL SERVE TO ENSURE THAT ANY COMPENSATION ARRANGEMENTS ENTERED INTO BY THE VEBA ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARMS LENGTH BARGAINING. THEY WILL ALSO ENSURE THAT ANY CONTRACTUAL ARRANGEMENTS WITH THIRD-PARTY ADMINISTRATORS CONFORM TO THE VEBA'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENT, FURTHER TAX EXEMPT PURPOSES, AND DO NOT RESULT IN PROHIBITED INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PSEA RETIREE BENEFIT TRUST DOES NOT DIRECTLY COMPENSATE ITS OFFICERS AND VEBA COMMITTEE MEMBERS, HOWEVER PSEA, A RELATED ORGANIZATION, HAS EMPLOYEES WHO RECEIVE COMPENSATION AND WHO ALSO SERVE AS VEBA COMMITTEE MEMBERS. THE VICE PRESIDENT OF PSEA AND CERTAIN OTHER KEY EMPLOYEES CURRENTLY SERVE ON THE VEBA COMMITTEE. COMPENSATION FOR KEY EMPLOYEES, OTHER THAN THE EXECUTIVE DIRECTOR, IS SET BY THE PERSONNEL COMMITTEE AND THEN APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY THE EXECUTIVE DIRECTOR REVIEW COMMITTEE AND THEN APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, AND ALL MANAGEMENT TEAM MEMBERS IS DOCUMENTED IN WRITTEN EMPLOYMENT CONTRACTS. THE SALARIES FOR OFFICERS, THE EXECUTIVE DIRECTOR, AND ALL MANAGEMENT TEAM MEMBERS ARE BASED ON A DIFFERENTIAL (OR INDEXED RATE) FROM THE HIGHEST BARGAINING UNIT SALARY. THE PROCESS FOR DETERMINING OFFICERS AND KEY EMPLOYEES COMPENSATION INCLUDES A REVIEW OF COMPARABILITY DATA. COMPARISON DATA FROM OTHER NEA STATE AFFILIATES IS COLLECTED, SUMMARIZED, AND MADE AVAILABLE TO THE PERSONNEL AND EXECUTIVE DIRECTOR REVIEW COMMITTEES FOR THEIR CONSIDERATION. THE DELIBERATION PROCESS AND OUTCOME IS DOCUMENTED IN THE HUMAN RESOURCES CONFIDENTIAL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE VEBA COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. PENNSYLVANIA STATE EDUCATION ASSOCIATION 400 NORTH THIRD STREET HARRISBURG PA 17101 230961125 LABOR UNION/PROFESSIONAL ASSOCIATION PA 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 SCHEDULE R, PART V, LINE 1 (M) PERFORMANCE OF SERVICES BY RELATED ORGANIZATIONS: PSEA RETIREE BENEFIT TRUST RECEIVES SERVICES FROM PSEA, A RELATED ORGANIZATION, SUCH AS ADMINISTRATIVE AND TECHNICAL SUPPORT, ACCOUNTING, AND FINANCIAL REPORTING SERVICES, INFORMATION TECHNOLOGY SUPPORT AND MANAGEMENT CONSULTING. PSEA DOES NOT CHARGE A FEE FOR THESE SERVICES. THESE SERVICES ARE DOCUMENTED THROUGH A MANAGEMENT SERVICES AGREEMENT BETWEEN PSEA RETIREE BENEFIT TRUST AND PSEA. THE MANAGEMENT SERVICES AGREEMENT WAS APPROVED BY THE PSEA RETIREE BENEFIT TRUST AND THE PSEA BOARD OF DIRECTORS. SCHEDULE R, PART V, LINE 1 (P) REIMBURSEMENT PAID TO RELATED ORGANIZATIONS FOR EXPENSES: THE PSEA RETIREE BENEFIT TRUST REIMBURSES PSEA ON A MONTHLY BASIS FOR INSURANCE PREMIUMS THAT ARE PAID DIRECTLY BY PSEA TO THE INSURANCE CARRIER.