NBA Retiree Benefit Program to Disburse Funds
Retired BCNU members who have previously enrolled in the Nurses' Bargaining Association Retiree Benefit Program (RBP) are receiving a one-time payment of $500 starting on Dec. 5 via direct deposit to their registered bank account.
Members who have retired recently are encouraged to review the program's eligibility requirements and frequently asked questions and register in the program in order to receive the one-time payment.
Eligible members who are retiring on or after Jan. 1, 2023, are also encouraged to submit an RBP registration form in order to receive future program benefits.
The NBA Retiree Benefit Program committee oversees the administration of the Retiree Benefit Fund. This fund is designed to provide eligible members with better inflation protection and post-retirement benefits. Negotiated during 2006 NBA contract negotiations, it is funded through the diversion of one percent of RN and RPN wages. Between 2009 and 2019 the fund reimbursed up to 50 percent of retirees' Medical Service Plan premiums.
The RBP committee authorized the one-time $500 payment following the conclusion of a nurses' pension governance review process that was negotiated during NBA 2019-2022 contract negotiations. This process has concluded, and BCNU has determined that NBA members are best served by remaining as part of the Municipal Pension Plan.
All working members are encouraged to share news of this one-time payment with retired co-workers, and to help ensure all eligible members are registered in the RBP to receive future benefits.
Read our FAQ page or access the RBP application form directly.
Members requiring more information can email email@example.com.