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| February 12, 2003
This past October I wrote to inform you of a number of significant benefit enhancements that were implemented for both the active and retiree welfare funds of the PBA. These improvements were made possible by several key steps that the Executive Board took to effectively manage and forecast the benefits provided to the entire PBA membership well into the future. Those steps, coupled with last fall’s PERB award, has enabled us to bring both the active and retiree funds back to financial stability, as well as provide significant enhancements to a number of key benefit areas that had remained unchanged for a number of years. One of the most significant benefit enhancements that was addressed and placed into effect on January 1, 2003, is the PBA Dental Schedule of Allowances increase (see active and retiree). The schedule of allowances paid to our participating dental providers and members who do not utilize participating dentists, has been significantly increased for both actives and retirees. I have enclosed a copy of our enhanced schedule for your information, and ask that you familiarize yourself with this important document. Additionally, over the past three months, the PBA Funds Office has been re-contracting with our present Dental Panel as well as soliciting additional high quality dentists to become part of the PBA team. We have already received a substantial number of new panel participant contracts and are in the process of formally adding them to our list of participating dental providers. We will be advising you of the results of our recruitment effort and providing you with a new 2003 PBA Dental Provider Directory shortly. We know you will be pleased with the results of this important enhancement to your PBA benefits. We thank you for your continued cooperation, confidence and support and invite you to contact our Funds Office at (212) 349-7560, should you have any questions regarding this enhancement or if we may be of further assistance to you. We hope you find this information helpful.
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