2019-05-13T15:39:47-05:00 2018-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-07-01 510237976 Retiree Health and Welfare Fund of the PBA of the City of New York % MONITA WONG RETI 2123497560 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 JOSEPH A ALEJANDRO Trustee 2123497560 2019-05-13 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220191335000063 2019-05-13 P 8B157416A116837EC6BFC69048563AD0574ECD35 45E03A01E385EA2FD4321D9DC7B70482997C2D58 2017 2019-02-21 02:37:17Z DAVID NICHOLSON 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 53668760 false X www.nycpba.org X 1977 NY THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH & WELFARE BENEFITS TO RETIRED POLICE OFFICERS, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS. 5 0 0 0 0 0 0 0 60745563 52549733 669942 1117773 60067 1254 61475572 53668760 0 0 34172655 32155914 1966993 2042993 0 0 0 1449039 1355892 37588687 35554799 23886885 18113961 87865650 105246533 2868155 2811061 84997495 102435472 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH & WELFARE BENEFITS TO RETIRED POLICE OFFICERS, THEIR SPOUSES, AND ELIGIBLE DEPENDENTS. false false THE RETIREE HEALTH AND WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK IS A WELFARE BENEFIT PLAN COVERING AT JUNE 30, 2018, 25,817 RETIRED PARTICIPANTS (SEPARATED FROM SERVICE SUBSEQUENT TO JANUARY 01, 1971) AND THEIR ELIGIBLE DEPENDENTS. THE FUND PROVIDES PRESCRIPTION DRUGS, DENTAL, OPTICAL AND OTHER SUPPLEMENTAL BENEFITS TO RETIRED POLICE OFFICERS AND THEIR ELIGIBLE DEPENDENTS. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false true true true false true X 1828 0 true 0 false false false false false false X 5 0 false false false false false true false true true false false true true true true true true true false false X MONITA WONG 2123497560 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 PATRICK J LYNCH TRUSTEE 5.0 55.0 X 0 123939 0 JOHN PUGLISSI TRUSTEE 5.0 45.0 X 0 107266 0 JOSEPH A ALEJANDRO TRUSTEE 5.0 45.0 X 0 96151 0 MUBARAK ABDUL-JABBAR TRUSTEE 5.0 45.0 X 0 96151 0 DANIEL J TIRELLI TRUSTEE 5.0 45.0 X 0 82115 0 ROBERT W ZINK TRUSTEE (Thru 5-2018) 5.0 45.0 X 0 46281 0 DAVID M NICHOLSON FUNDS ADMINISTRATOR 13.5 31.5 X 104258 253018 57903 DAVID HIRSCHLAND ASSISTANT FUND ADMINISTRATOR 18.9 26.1 X 70782 97746 14253 VICKI TRICKETT SQL DBA & DEVELOPER 15.0 35.0 X 36691 85613 22674 MONITA WONG CONTROLLER 16.8 23.2 X 51077 70534 44428 KEITH OWEN SENIOR ANALYST 21.5 22.5 X 58388 60771 44225 GERALDINE HENNESSY GENERAL MANAGER 22.7 22.3 X 59657 58516 44015 380853 1178101 227498 1 false true false ERNST YOUNG US LLP 99 WOOD AVENUE SOUTH ISELIN NJ 08830 ACCOUNTING SERVICE 112240 1 0 CONTRIBUTION FROM NYC 525100 46425660 46425660 MEDICARE DRUG SUBSIDY 525100 5240222 5240222 COBRA PREMIUM COLLECTED 525100 883851 883851 52549733 1117773 1117773 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 1254 1254 1254 53668760 52549733 1119027 0 0 0 32155914 127035 0 1212503 99260 502224 101971 557 82080 48517 0 0 0 74302 0 93226 98783 0 321821 0 0 0 0 0 0 34207 BENEFIT ADMIN. EXPENSE 601447 SUBSCRIPTION FEE 900 TEMP HELP 52 35554799 3154373 2488349 12404462 13613383 0 0 0 0 0 0 0 0 0 0 0 0 54382 51185 6205 6205 49584512 75817380 0 0 0 0 0 0 22667921 13276236 87865650 105246533 2782805 2731573 0 0 0 0 0 0 0 0 0 0 0 0 0 0 85350 79488 2868155 2811061 X 84997495 102435472 0 0 0 0 84997495 102435472 87865650 105246533 18113961 -675984 X false true X true false 4045 4045 2160 2160 RECEIVABLE 7344641 FROM NYC 3866002 RECEIVABLE 2044335 MISCELLANEOUS RECEIVABLE 15719 COBRA BENEFIT RECEIVABLE 5539 13276236 0 DUE TO AFFILIATED ORGANIZATION 79488 79488 X 52992776 -675984 -675984 53668760 53668760 35548640 35548640 6159 6159 35554799 PART X - FIN 48 FOOTNOTE: THE FUND HAS RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED MARCH 25, 1981, STATING THAT THE FUND IS TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (THE CODE) AS A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION. THE FUND IS REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE TO MAINTAIN ITS TAX-EXEMPT STATUS. THE FUND'S MANAGEMENT BELIEVES THAT THE FUND IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE AND, THEREFORE, BELIEVES THE FUND IS TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE FUND'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE FUND'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE FUND HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER: OBLIGATION FOR BENEFITS, CLAIMS INCURRED BUT NOT REPORTED: $ 40,000 BENEFITS CURRENTLY PAYABLE TO OR FOR PARTICIPANTS: $-33,841 -------- $ 6,159 ======== X false false false DAVID M NICHOLSON FUNDS ADMINISTRATOR 104082 242857 0 0 176 10161 7290 17009 10600 24734 122148 294761 0 0 DAVID HIRSCHLAND ASSISTANT FUND ADMINISTRATOR 69429 95877 0 0 1353 1869 5986 8267 1287 1778 78055 107791 0 0 MONITA WONG CONTROLLER 50898 70288 0 0 179 246 4546 6278 15244 21052 70867 97864 0 0 KEITH OWEN SENIOR ANALYST 58262 60640 0 0 126 131 5204 5417 17774 18500 81366 84688 0 0 GERALDINE HENNESSY GENERAL MANAGER 58810 57686 0 0 847 830 5256 5154 18307 17944 83220 81614 0 0 PART I, LINE 3 OTHER ADDITIONAL INFORMATION: THE RETIREE HEALTH & WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK ("RETIREE FUND") DOES NOT HAVE ITS OWN EMPLOYEES; HOWEVER A PORTION OF EMPLOYEE RELATED EXPENSES IS ALLOCATED FROM THE HEALTH AND WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK TO THE RETIREE FUND. THEREFORE, ALL W-2S ARE ISSUED THROUGH THE HEALTH AND WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK. EACH YEAR THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES OF THE ORGANIZATION. THE APPROVAL PROCESS INCLUDES A DISCUSSION OF PERFORMANCE AND REVIEW OF SALARIES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. SALARY ADJUSTMENTS ARE DIRECTED BY THE BOARD. FORM 990, PART V, LINE 2A ADDITIONAL INFORMATION: THE RETIREE HEALTH & WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK ("RETIREE FUND") DOES NOT HAVE ITS OWN EMPLOYEES; HOWEVER, A PORTION OF EMPLOYEE RELATED EXPENSES IS ALLOCATED FROM THE HEALTH AND WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK TO RETIREE FUND. THEREFORE, ALL W2S ARE ISSUED THROUGH THE HEALTH AND WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK. FORM 990, PART VI, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS: NEW YORK CITY POLICE OFFICERS WHO ARE ACTIVE MEMBERS OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK HAVE THE RIGHT TO ELECT THE ORGANIZATION'S GOVERNING BODY ONCE EVERY FOUR YEARS. FORM 990, PART VI, LINE 11B Organization's Proces to Review Form 990: The 990 is prepared by the organization's internal Accounting Department, reviewed by a certified public accountant (EisnerAmper LLP), then a copy of the 990, including all the schedules, is provided to the Board of Trustees prior to the submission to the Internal Revenue Service. FORM 990, PART VI, LINE 12C Enforcement of Conflicts of interest policy: THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL OFFICERS, TRUSTEES, AND EMPLOYEES TO DISCLOSE ANY FINANCIAL INTEREST THEY OR THEIR FAMILY MEMBERS HAVE IN ANY FIRM THAT DOES BUSINESS WITH THE ORGANIZATION. THIS IS A CONTINUING OBLIGATION AND IS REVIEWED ANNUALLY FOR COMPLIANCE. FORM 990, PART VI, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: THE ORGANIZATION DOES NOT HAVE ITS OWN EMPLOYEES BUT FOLLOWS THE POLICIES OF ITS RELATED ENTITY FOR DETERMINING COMPENSATION. THOSE POLICIES ARE AS FOLLOWS: EACH YEAR THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES OF THE ORGANIZATION, INCLUDING THE TOP MANAGEMENT OFFICIAL. THE APPROVAL PROCESS INCLUDES A DISCUSSION OF PERFORMANCE AND REVIEW OF SALARIES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. SALARY ADJUSTMENTS ARE DIRECTED BY THE BOARD. FORM 990, PART VI, LINE 19 Governing Documents Disclosure Explanation: THE ORGANIZATION DOES NOT GENERALLY MAKE ITS GoVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC, EXcepT TO THE EXTENT REQUIRED BY LAW. H&W FUND OF THE PBA 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 136157604 SEE PART VII NY 501(C)(9) PBA OF CNY true ANNUITY FUND OF THE PBA 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 136302673 SEE PART VII NY 401 A PBA OF CNY true LEGAL SERVICES FUND OF THE PBA 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 132972437 SEE PART VII NY 501(C)(5) PBA OF CNY true PBA EMPLOYEE & FUND OFFICE STAFF PENSION 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 133078801 SEE PART VII NY 401 A PBA OF CNY true PBA OF THE CITY OF NEW YORK INC 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 135308915 SEE PART VII NY 501(C)(5) NA false PBA WIDOWS & CHILDRENS FUND INC 125 BROAD STREET 11TH FLOOR NEW YORK NY 10004 132949036 SEE PART VII NY 501(C)(3) 7 PBA CNY true THE CITY OF NEW YORK 1 CENTER STREET NEW YORK NY 10007 SEE PART VII NY 115 NA false false false true false false false false false false false false false false true true true false false false THE CITY OF NEW YORK C 60282652 FMV HEALTH AND WELFARE FUND OF THE PBA P 2616633 FMV SCHEDULE R - ADDITIONAL INFORMATION PART II (B) PRIMARY ACTIVITY: HEALTH AND WELFARE FUND OF THE PBA: THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ACTIVE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS. ANNUITY FUND OF THE PBA: THE FUND IS A DEFINED CONTRIBUTION PLAN PROVIDING SUPPLEMENTAL RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE PLAN's RULES AND REGULATIONS. LEGAL SERVICES FUND OF THE PBA: THE FUND PROVIDES JOB RELATED LEGAL SERVICES AND CIVIL LEGAL REPRESENTATION TO ACTIVE POLICE OFFICERS THROUGH MULTIPLE PROVIDERS. PBA EMPLOYEE & FUND OFFICE STAFF PENSION PLAN: THE PLAN IS A MONEY PURCHASE PENSION PLAN COVERING ALL ELIGIBLE EMPLOYEES OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC. (THE "PBA"), THE HEALTH & WELFARE FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, THE RETIREE HEALTH AND WELFARE FUND OF THE PATROLMEN;S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, THE ANNUITY FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, AND THE LEGAL SERVICES FUND OF THE PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK. PATROLMEN'S BENEVOLENT ASSOCIATION OF THE CITY OF NEW YORK, INC.: THE PBA IS A LABOR UNION WHOSE MEMBERS ARE ACTIVE AND RETIRED POLICE OFFICERS OF THE CITY OF NEW YORK. PBA WIDOWS AND CHILDREN'S FUND, INC.: THE FUND PROVIDES AID AND ASSISTANCE on behlf of THE WIDOWS, WIDOWERS AND ELIGIBLE DEPENDENTS OF POLICE OFFICERS WHO HAVE LOST THEIR LIVES IN THE LINE OF DUTY. THE CITY OF NEW YORK IS THE CONTRIBUTING EMPLOYER.