BAC Journal > IPF Contributions to the BAC Disaster Relief Fund

IPF Contributions to the BAC Disaster Relief Fund

2024 Issue 1
IPF
Metteo
BAC Local 1 Hawaii Business Manager/Financial Secretary Michael Lovediro (right) giving a Disaster Relief Fund check to a BAC member whose home was damaged from the Maui wildfires. The International Disaster Relief Fund helped four BAC Local 1 Hawaii members with $12,000 total to regroup after their homes were damaged or destroyed by the wildfires. “Thanks to the International Disaster Relief Fund, BAC members in our community have more hope for their future, and know that they are supported by their union,” Lovediro said.

Since it was established in 2005, the BAC Disaster Relief Fund has been a source of assistance to hundreds of BAC members in need by providing grants to members shortly after disasters such as hurricanes, tornados, floods and wildfires.

Following the establishment of the BAC Disaster Relief Fund, effective January 1, 2014, IPF Pensioners have had the option to contribute $5–$20 of their monthly IPF benefit to the Fund.

Currently, there are 208 pensioners contributing to the BAC Disaster Relief Fund, totaling $2,106 per month. If a pensioner wants to consider a voluntary tax-deductible contribution from their monthly IPF pension check, they should complete the form to begin donations, which can be requested by emailing pensionpayroll@ipfweb.org. The deduction can be stopped at any time.

In January of each year, a notice confirming the amount of the annual deduction for income tax purposes will be sent. The deduction is limited to a minimum of $5 and a maximum of 10% of the monthly pension amount, up to $20. This donation can be further discussed with a financial or tax advisor prior to donating to the BAC Disaster Relief Fund.