DIPP Assessments reduced effective January 2021
The SMART Transportation Division Discipline Income Protection Program (DIPP) is decreasing its monthly assessments from 96 cents to 81 cents per $1 of daily benefits, effective January 1, 2021.
Participants in the Plan may elect to increase their benefit level or modify their coverage at any time by submitting the appropriate form to the Transportation Division office. Next month, SMART-TD will be communicating these reduced assessments to Local Treasurers so that the necessary changes are made to payroll deductions.
This announcement is informational and no action is required on the part of plan participants at this time.
DIPP trustees are SMART General President Joseph Sellers Jr., SMART General Secretary-Treasurer Joseph Powell and SMART-TD President Jeremy R. Ferguson.