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HEHS-95-168R 1 (1995-05-25)

handle is hein.gao/gaobackvg0001 and id is 1 raw text is: GAO United States General Accounting Office Washington, D.C. 20548 Health, Education and Human Services Division B-261408 May 25, 1995 The Honorable Nancy L. Johnson House of Representatives Dear Mrs. Johnson: This letter responds to your request for an update on the information we provided on June 30, 1994, to Senator Kent Conrad concerning the United Mine Workers of America (UMWA) Combined Benefit Fund.1 In that letter we included information about the Fund's beneficiaries, expenses, and revenues. As you know, the Coal Industry Retiree Health Benefit Act of 1992 established the Fund as of February 1, 1993, by merging two existing UMWA retiree health benefit trusts. The Fund is financed mostly by annual premiums assessed to certain companies, called operators, that signed any coal wage agreement with UMWA in 1988 or prior years and are either (1) still in the coal business or (2) in any other business. TO WHICH OPERATORS IS THE BENEFICIARY POPULATION ASSIGNED? As of October 1, 1994, there were 96,700 beneficiaries, most of whom were assigned among 370 operators, as shown in table 1. Data for the operators that did not sian the 1978 or later National Bituminous Coal Wage Agreementf are shown separately since that agreement contained the so-called evergreen clause under which the signatories agreed to contribute to the two previous health benefit trusts as long as they remained in the coal business. 'See UMWA's Combined Fund Finances (GAO/HEHS-94-201R, June 30, 1994). 2These were collective bargaining agreements that UMWA and the Bituminous Coal Operators' Association, Inc., negotiated periodically covering wages and other employment benefits. GAO/HEHS-95-168R Combined Fund Update

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