You are on page 1of 12

Volume 46 Number 4

April 2016

Official Publication of Social Service Employees Union Local 371-DC 37 AFSCME, AFL-CIO www.sseu371.org

A ssault

Protecting Our Members, at


Work, in the Field, at Home

he Union has taken


emergency steps after
a Child Protective
Specialist based in Staten
Island was stalked and
assaulted at her mothers residence
March 4. The Union is fighting not
only on her behalf, but of those who
have been assaulted and threatened in
the past. The Union is also working to
combat against future assaults.
CPS Patria Ayton was attacked by
a former client, who had stalked and
threatened the member through social
media. The good news is this: After
an intense push by SSEU Local 371,
the assailant has been arrested, and the
Union intends to do whatever it can
to ensure this individual is prosecuted
to the full extent of the law, using the
Union-backed assault bill, which makes
such attacks a felony offense punishable
by up to seven years in prison.
The Union also held a labor/
management meeting March 14 with

top officials at the Administration for


Childrens Services. After hearing
from Union officials and ACS workers,
management agreed to look at threats
against workers more seriously and to
be more proactive. The Union also
wants members to have the option of
co-worker assists when going out in
the field.
It was a productive meeting,
said Vice President for Research and
Negotiations Carl Cook. We are
going to have follow up meetings, and
were going to continue to talk to our
delegates about what needs to be done.
The incident comes after another
Staten Island CPS got her tires slashed,
and as this newspaper went to press,
the Union learned of another assault
on a CPS. In September, Bronx-based
CPS Lawanda Joyner was brutally
attacked during a site visit by a client.
Since then, she has been out on the
assault grant, with injuries to her back,
neck, leg and hand. She has had two

surgeries and requires physical therapy


twice a week.
They have to do something to
protect us, Joyner told the Unionist. I
want to get back to work.
The assailant, who pleaded not guilty
in Joyners case, will be back in court
in May. Check the website for more
details.
Union President Anthony Wells said
that it was a top priority to address the
current assaults and to work closely
with ACS on real reforms that will
make ACS workers safer in the field.
Ive never heard of a client stalking
a member at a relatives home, he said.
We have to take this seriously, and
ACS has to listen. Fortunately, they are
working with us. And were going to
keep fighting.
President Wells added, We are
concerned about safety for workers
at all agencies. We are going to look
at security procedures, training and
presence.

CALENdAR
aPriL
6

Executive Committee: 6:30 p.m.


Union Office, 12th floor

12 Caribbean Heritage Committee:


6:30 pm. Union Office, 12th floor
Committee for Concerned Social
Workers: 6:30 p.m. Union Office,
15th floor
14 Womens Committee: 6:30 p.m.
Union Office, 12th floor
19 Alumni Association: 2:00 p.m.
Union Office, 12th floor
Jewish Heritage Committee:
6:00 p.m. Union Office, 12th floor
20 delegate Assembly/General
Membership: 6:30 p.m. DC 37,
125 Barclay St., Manhattan
21 Health and Wellness:
6:30 p.m. Union Office, 12th floor
27 Civilians in Law Enforcement:
6:30 p.m. Union Office, 12th floor
Political Action Committee:
6:30 p.m. Union Office, 12th floor

Published monthly except for a combined issue in July/


August and a Supplement in January by the Social Service
Employees Union Local 371, District Council 37, AFSCME,
AFL-CIO. Subscription Price $2.00 annually. Periodical
postage paid at New York, N.Y.
POSTMASTER: Please send address changes to: The
Unionist, SSEU Local 371, 817 Broadway, N.Y., N.Y. 10003.
USPS# 348990 (212) 677-3900
ISSN# 0041-7092
President
Anthony Wells
Executive Vice President
Yolanda Pumarejo

V.P. Negotiations & Research


Carl Cook
V.P. Organization & Education
Armenta Weekes
V.P. Grievances & Legal Services
Darek Robinson

This incident, and others, is why we have the social service assault law of 2012, which
states that an assault on a social service worker is a felony punishable by up to 7 years
in prison. This local led labor and City Hall coalition that got the law enacted. We
must continue to insist that it is enforced.
We must ensure that the NYPD treats assaults on workers as a priority and not a
routine matter. Our members are committed public servants and demand and deserve
the same respect as any uniformed service provider.
In the case of ACS, there has to be a better relationship with the NYPD, which must
understand that when a worker is attacked they must apprehend the alleged perpetrator.
They must do a thorough investigation and charge under the felony assault law. The
presumption must be that the worker was doing his or her job. Additionally, threats
to workers have to be analyzed and appropriate actions must be taken. The details of
the threatsuch as case facts, type of threat, severity of the threat and who made the
threatshould guide the action plan. After the client sent a threatening letter and came
to the office looking of her, CPS Payton asked for an order of protection, but was denied. Her case was a high priority and there should have been police intervention.
While this latest attack is notable, attacks on workers occur both in the workplace as
well as in the field. In addition to analyzing threats, we are asking for a review of security
in all workplaces. In ACS, co-worker assists should be approved policy when requested.
Attacks on workers are attacks on the public, as we provide vital services and do so in
some of the most difficult conditions and situations. We should be able to do it in a
safe and healthy work environment. We also should be able to go home in the same
condition we arrived at work. And if someone lays hands on any of us, law enforcement must intervene.

We live in an increasingly dangerous world. We have to be alert to our surroundings and use our defenses and common sense to protect ourselves. But we have to be
provided the best environment and policies to do our jobs. Be safe. God bless you and
God bless the Union.
Anthony Wells

V.P. Publicity & Community Relations


Patricia Chardavoyne
V.P. Legislation & Political Action
Michelle Akyempong
Editor
Ari Paul

he recent attack on a Child Protective Specialist reminds


us how dangerous the job can be. But this was particularly outrageous, because Patria Ayton, of the Staten Island
Field Office, was attacked at the home of a relative. I believe this
was the first time that a worker was attacked by a client at home.
CPS Ayton was harassed and threatened by the client for a year,
even though the client was no longer on her caseload. Sister Payton suffered emotional and physical trauma and is recovering.

We will continue to advocate for security and policies to protect members. However, if
they are unfortunately attacked we will support them. We want them covered under the
injured in the line-of-duty clause that provides for up to 18 months of leave at full pay
and benefits. We will guide them through the process and provide crisis counseling.

Secretary-Treasurer
Juan Ortiz

Visit us on the web at


www.sseu371.org

Worker Safety is a
Top Priority

Local 153

The Unionist | April 2016

Union-Led Health Program


T
hanks to a substantial federal
grant, the Union is participating
in a Total Worker Health
program to addresses worker health
concerns on location.
For example, workplace violence is
a hazard for social service workers, so
your health may be directly affected
if you are the victim of an assault, but
health can also be indirectly affected
by stress related to the potential for
violence, verbal threats of violence, or
even hearing about violent incidences
among workers or clients. Stress has
been clearly linked with cardiovascular
disease and high blood pressure.
The goal of the project will be to
develop a process for the workforce to
identify hazards in the workplace that
lead to stress or otherwise threaten
health, and to also identify ways to

promote health on the job. At the end


of the year-long pilot, we would like to
produce a proposal for specific changes
in the ACS workplace to make the job
healthier. Along the way, we will be
training ACS workers, designing and
implementing surveys and focus groups
to gather front line perspectives.
The pilot project will be rolled out
in three ACS head offices (Brooklyn,
Queens and Bronx). We already have
a proposal in the pipeline for funds to

bring this project to more SSEU Local


371 worksites.
This is a huge step, said Jennifer
Zelnick, associate professor of social
work at Touro College, who will be
working directly with the Union. Its
been a known fact that, for example,
workplace violence rates are sometimes
higher for social service workers than
for healthcare workers, but it really
hasnt been well studied. It's fantastic
that SSEU Local 371 is interested in
changing this, and in being part of a
project that not only can benefit its
members, but also moves the whole
discussion of workplace safety for
social service workers forward.
The project was developed with
assistance from the SSEU Local 371
Health and Wellness Committee. Be
on the lookout for more information.

ON THE FRONT LINES

Tunisia Haamid, a Fiscal Manager


in the Workforce Development
Division at the Department of Small
Business Services, didnt always enjoy
the kind of job protections she has now.
Before coming to City employment
in 2013, she worked in Richmond,
Virginia, where she experienced gender,
racial and religious discrimination.
Living in a right-to-work state, she
didnt have a union to protect her
rights on the job. In Virginia, you
can be terminated for any reason and

Reminder: The Next Wave


Committee's bowling event will
take place April 8 from 7:00 p.m
to 9:30 p.m. at Bowlmor Lanes at
222 West 44th St. (between 7th and
8th Avenues) in Manhattan.
April 2016|The Unionist

you have no recourse, Haamid said in


an interview near her office in lower
Manhattan.
Thats why she loves having SSEU
Local 371 representing her in her
current job, and its something she
often reminds her co-workers on
location.
Haamid, who formally studied
business administration while
working in Virginia, started out at
SBS managing and overseeing federal
grants related to the Hurricane Sandy
recovery efforts. I was honored to be
able to contribute and give back to New
York City, she said.
Now she works with the Citys
Workforce1 program, administering
and overseeing spending in regards to
the Citys workforce training for the
unemployed. Its excellent, because its
still social services, she said, remarking
about her time working in Virginia
state government services.

Ari Paul

Using Business Smarts for the City

Tunisia Haamid

Haamid is passionate about serving


the community through her work and
passionate about contributing to the
Union.
I go to Union events, she said.
I encourage others to become Union
members.
3

CCSW

Celebration, 2016
W

President Anthony Wells and Executive


Vice President yolanda Pumarejo

ith the largest audience


turnout in the events history, the 31st annual Social
Work Month Celebration took
place March 11 at DC 37, honoring members who received
their Masters of Social Work
in 2014 and 2015. Dr. Carl
Mazza, an associate professor of social work at Lehman
College in the Bronx, served
as this years keynote speaker.
He spoke passionately about
his time working in prisons
and the criminal justice system, and highlighted ongoing reform efforts in the state
around juvenile justice and
rehabilitation.
Members and honorees were
also treated to a full dinner
and music from cellist Amari
Dechinea as well as R and B

vocalist James Bradley and


Friends.
Its so wonderful to see
so many people come out to
honor and support our members and the sacrifices theyve
made, said Committee for
Concerned Social Workers
Chair and Union Executive
Vice President Yolanda
Pumarejo. Its a testament
to how people in this Union
really support each other and
value social work and higher
education.
Union President Anthony
Wells added, As a social worker
and as someone who studied
while working for the City, I
am really proud of what these
workers have accomplished, and
I know they will take their education far into their careers.

Members of the Committee for Concerned Social Workers

The Unionist | April 2016

Carl Mazza

The honorees

All photos by Imara Moore

James Bradley and Friends

Amari dechinea

April 2016 | The Unionist

Benefit Funds Financial Reports


Welfare Fund Audit

To the Board of Trustees Social Service Employees Union Local 371 Welfare Fund
INDEPENDENT AUDITORS REPORT

Report on the Financial Statements: We have audited the accompanying financial statements of Social Service
Employees Union Local 371 Welfare Fund, which comprise the statements of benefit obligations and net assets
available for benefits as of June 30, 2015 and 2014, and the related statements of changes in benefit obligations
and in net assets available for benefits for the years then ended and the related notes to the financial statements.
Managements Responsibility for the Financial Statements: for the Financial Statements: Plan management is
responsible for the preparation and fair presentation of these financial statements in accordance with accounting
principles generally accepted in the United States of America; this includes the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are
free from material misstatement, whether due to fraud or error.
Auditors Responsibility: Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audits in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the Plans preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Plans internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial status of Social Service Employees Union Local 371 Welfare Fund as of June 30, 2015 and 2014, and
the changes in its financial status for the years then ended in accordance with accounting principles generally
accepted in the United States of America.
New York, NY
March 11, 2016
STATEMENTS OF BENEFIT OBLIGATIONS AND NET ASSETS AVAILABLE FOR BENEFITS
JUNE 30, 2015 AND 2014

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014


Note 1 Description of Plan
The following description of the Social Service Employees Union Local 371 Welfare Fund (the Plan)
provides only general information. Participants should refer to the Plans benefit booklet and its Summary Plan
Description for a more complete description of the Plan provisions.
General: The Plan was established in 1965 for the purpose of providing health care benefits to eligible
employees covered by the collective bargaining agreement between the Social Service Employees Union Local
371 AFSCME, AFL-CIO (the Union) and the City of New York (the Employer). It is not subject to the provisions
of the Employee Retirement Income Security Act of 1974, as amended (ERISA).
Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees comprised of
seven trustees, all of whom are elected by the general membership of the Union.
Benefits: The Plan provides benefits as enumerated in Note 7 to full time participants of the Plan and to their
beneficiaries and covered dependents. Part time participants are provided dental, drug, optical, podiatry and life
insurance benefits.
During the year, the following insured benefit was in effect:
Insurer
Standard Insurance Company of New York

Benefit
Life insurance

During the year, the following administrative benefit contract was in effect:
Third Party Administrator
Benefit
Medco Health/ESI
Prescription drug
The Plan operates a medical facility that provides dental care and podiatry benefits. As an alternative to the
regular schedule of benefits, participants can elect these services with no out-of-pocket costs.
Funding: Employer contributions are made by the Employer to the Social Service Employees Union Local 371
Administrative Fund (the Administrative Fund), a related organization. The Plan receives, on an as needed basis, an
allocation of these contributions (see Note 6).
Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the trustees pay all
obligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opinion,
best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrue to the benefit of the
Union or the Employer.
Other: Although they have not expressed any intention to do so, the Plans Board of Trustees has the right
under the Plan to modify the Trust and to terminate the Plan.
Basis of Accounting: The financial statements were prepared on the accrual basis of accounting.
Administrative Expenses: The Social Service Employees Union Local 371 Administrative Fund pays all
administrative expenses of the Plan, other than contract administrative fees (See Note 6).
Valuation of Investments: In general, short-term investments, which are readily convertible into cash,
are carried at cost, which approximates fair value.
Note 2 Summary of Significant Accounting Policies
Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acquisition
and does not purport to represent replacement or realizable value. All assets are depreciated over estimated useful
lives using the straight-line method. Expenditures for normal repairs of equipment are charged to current operations.
All other expenditures for fixed assets are capitalized.
Use of Estimates: The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires Plan management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Plan Benefits: Plan obligations at June 30 for health claims incurred by active participants but not reported
at that date and for future disability payments at June 30 are estimated by the Plans actuary in accordance with
accepted actuarial principles.

STATEMENTS OF changes in BENEFIT OBLIGATIONS AND in NET ASSETS AVAILABLE FOR BENEFITS
JUNE 30, 2015 AND 2014

Note 3 Tax Status


The Trust established under the Plan to hold the Plans assets is intended to be qualified pursuant to Section
501(c)(9) of the Internal Revenue Code of 1986 (IRC), as amended and, accordingly, the trusts net income is
exempt from income taxes. The Plan has obtained a favorable tax determination letter from the Internal Revenue
Service, and Plan management believes that the Trust, as amended, continues to qualify and to operate in
accordance with applicable provisions of the Internal Revenue Code.
The Plans tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authorities.
Note 4 Concentration of credit risk
Financial instruments that subject the Plan to concentration of credit risk include cash and short-term
investments. The Plan maintains accounts at high quality financial institutions. While the Plan attempts to limit
any financial exposure, its cash deposit balances may, at times, exceed federally insured limits. Short-term
investments are not covered by the Federal Deposit Insurance Corporation.
Note 5 Risks and uncertainties
Due to various risks (e.g., interest rate, market and credit risks) associated with certain investments and
the level of uncertainty related to changes in the value of investments, it is at least reasonably possible that
changes in the values of investments will occur in the near term that could materially affect the amounts
reported in the statement of net assets available for benefits.
The balance of claims incurred but not reported is reported based on certain assumptions, which are subject
to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably
possible that changes in these estimates and assumptions in the near term would be material to the financial
statements.
NOTE 6 AGREEMENTS AND TRANSACTIONS WITH RELATED PARTIES
The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Services
and Welfare Plans decided that in order to simplify operations and record keeping, all administrative expenses of
the above-mentioned benefit plans would be paid by the Administrative Fund.
As stated in Note 1, the Administrative Fund is the recipient of employer contributions. These contributions
are then allocated on an as needed basis to cover the costs of the Plans benefit programs and related expenses.
The Plan reimburses the Union for 50% of the Unions cost of the Health and Safety Coordinators payroll.
Total reimbursements were $24,812 and $20,681 for the years ended June 30, 2015 and 2014 respectively.
GOULD, KOBRICK & SCHLAPP, P.C., CERTIFIED PUBLIC ACCOUNTANTS
Empire State Building, 350 Fifth Avenue, New York, N.Y. 10118-4309

The Unionist|April
The Unionist|April
2016
2016

Welfare Fund Audit (continued)


NOTE 7 BENEFITS PAID

Note 8 Fixed Assets


Fixed assets at June 30, 2015 and 2014 by classification are summarized as follows

Note 9 Evaluation of subsequent event


The Plan has evaluated subsequent events through March 11, 2016, the date the financial statements were
available to be issued.

Administrative Fund
Report on the Financial Statements: We have audited the accompanying financial statements of the Social
Service Employees Union Local 371 Administrative Fund, which comprise the statements of net assets available
for benefits as of June 30, 2015 and 2014, and the related statements of changes in net assets available for
benefits for the years then ended and the related notes to the financial statements.
Managements Responsibility for the Financial Statements: Plan management is responsible for the preparation
and fair presentation of these financial statements in accordance with accounting principles generally accepted
in the United States of America; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors Responsibility: Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audits in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the Plans preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Plans internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the net
assets available for the benefits of the Social Service Employees Union Local 371 Administrative Fund as of June
30, 2015 and 2014, and the changes in net assets available for benefits for the years then ended in accordance
with accounting principles generally accepted in the United States of America.
New York, NY
February 11, 2016

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS


JUNE 30, 2015 AND 2014

STATEMENTS OF changes in NET ASSETS AVAILABLE FOR BENEFITS


JUNE 30, 2015 AND 2014

To Board of Trustees Social Service Employees Union Local 371 Administrative Fund
INDEPENDENT AUDITORS REPORT

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014


NOTE 1 DESCRIPTION OF PLAN
The following description of the Social Service Employees Union 371 Administrative Fund (the Plan)
provides only general information
General: On July 19, 1973, the Social Service Employees Union Local 371 AFSCME, AFL-CIO (the Union)
entered into an Agreement and Declaration of Trust establishing the Plan. The purpose of the Plan is to collect
employer contributions received pursuant to the collective bargaining agreement between the Union and the City of
New York (the Employer), to remit these contributions to the Social Services Employees Union Local 371 Legal
Services, Welfare, and Charles Ensley Educational and Scholarship Plans, and to pay the administrative expenses
of those plans. The Plan is not subject to the provisions of the Employee Retirement Income Security Act of 1974,

April 2016|The Unionist

as amended (ERISA).
Plan Administration: The administration of the Plan is the responsibility of a board of trustees comprised of
five trustees, four of whom are appointed by the executive committee of the Union and the fifth being the President
of the Union. The investments of the Plan are managed by an investment adviser and maintained by a separate Plan
custodian.
Benefits: The Plan does not provide benefits directly to covered members; instead, employer contributions are
allocated to the Social Service Employees Union Local 371 Welfare, Legal Services, and Charles Ensley Educational
and Scholarship Funds on an as needed basis to support their program of benefits.
Funding: Contributions are made by the City of New York for covered participants based upon an annual per
member amount. The contribution rate is determined by the collective bargaining agreement in effect at the time.

77

Administrative Audit (continued)


NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014 (continued)
The Plan also receives contributions on behalf of eligible employees of the Union and Plan who are provided
coverage under the Benefit Plans.
Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the trustees pay all
obligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their opinion,
best effectuate the purpose of the Plan. In no circumstances, shall any funds revert or accrue to the benefit of the
Union or the Employer.
Other: Although they have not expressed any intention to do so, the Plans Board of Trustees has the right
under the Plan to terminate the Plan and to modify benefits provided to participants.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The financial statements were prepared on the accrual basis of accounting.
Investment Valuation and Income Recognition: Investments are reported at fair value. Fair value is the
price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date (see Note 8 on Fair Value Measurements.)
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the
accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the plans gains and
losses on investments bought and sold as well as held during the year. Unrealized gains or losses are the
differences between the fair value of the investments held at year-end and those held at the beginning of the
year. Realized gains or losses on the sale of investments are based on the historical costs of the individual
investments sold for financial reporting purposes.
Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acquisition
and does not purport to represent replacement or realizable value. All assets are depreciated over estimated useful
lives using the straight-line method. Expenditures for normal repairs of equipment are charged to current operations.
All other expenditures for fixed assets are capitalized.
Administrative Expenses: The Plan pays the administrative expenses of the Social Services Employees Union
Local 371 Legal Services, Welfare, Staff Pension, Annuity, and Charles Ensley Educational and Scholarship Funds.
Use of Estimates: The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires Plan management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results
could differ from those estimates.
NOTE 3 TAX STATUS
The Trust established under the Plan to hold the Plans assets is intended to be qualified pursuant to Section 501
(c) (9) of the Internal Revenue Code of 1986 (IRC), as amended and accordingly, the trusts net income is exempt
from income taxes. The Plan has obtained a favorable tax determination letter from the Internal Revenue Service,
and Plan management believes that the Trust, as amended, continues to qualify and to operate in accordance with
applicable provisions of the Internal Revenue Code.
The Plans tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authorities.
Note 4 Risks and uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as
interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it
is at least reasonably possible that changes in the values of investment securities will occur in the near term
and that such changes could materially affect the amounts reported in the statement of net assets available for
benefits.
The Plans allocations of employer contribution income and the resulting balances due from these related
organizations are based on certain assumptions, which are subject to change. Due to uncertainties inherent in
the estimations and assumptions process, it is at least reasonably possible that changes in these estimates and
assumptions in the near term could be material to the financial statements.
NOTE 5 AGREEMENTS AND TRANSACTIONS WITH RELATED ORGANIZATIONS
The Trustees of the Social Service Employees Union Local 371 Administrative, Legal Services, Welfare,
and Charles Ensley Educational and Scholarship Plans decided that in order to simplify operations and record
keeping, administrative expenses of the above-mentioned benefit plans would be paid by the Plan.
As stated in Note 1, the Plan is the recipient of employer contributions. These contributions are then allocated
on an as need basis to cover the costs of each of the Unions benefit plans.
The Plan and the Union share office facilities, personnel and other overhead expenses. These expenses are
allocated based on estimated time and space usage. The Plan has a sub-lease agreement with the Union for its
office facilities, which expired May 31, 2013 (see Note 12).
Effective January 1, 2012, the Social Service Employees Union Local 371 Annuity Fund began reimbursing
the Plan for its share of payroll based on actual time spent by employees and for 15% of other general and
administrative expenses.
The Plans related party transactions are summarized as follows:

NOTE 8 FAIR VALUE MEASUREMENTS


Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair Value
Measurements and Disclosures, provides the framework for measuring fair value. That framework provides a
fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy
gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the
fair value hierarchy under FASB ASC 820 are described as follows:
Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities
in active markets that the plan has the ability to access.
Level 2: Inputs to the valuation methodology include:
Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets or liabilities in inactive markets;
Inputs other than quoted prices that are observable for the asset or liability;
Inputs that are derived principally from or corroborated by observable market data by correlation or
other means.
If the asset or liability has a specified (contractual) term, the level 2 input must be observable for
substantially the full term of the asset or liability.
L
 evel 3: Inputs to the valuation methodology are unobservable and significant to the fair value
measurement.
The assets or liabilitys fair value measurement level within the fair value hierarchy is based on the lowest
level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize
the use of observable inputs and minimize the use of unobservable inputs.
The following is a description of the valuation methodologies used for assets at fair value. There have been
no changes in the methodologies used at June 30, 2015 and 2014.
Interest bearing cash: Interest bearing cash is reported at cost, which approximates fair value.
U.S. government securities: U.S. government securities are valued at the closing price reported in the active
market on which the individual securities are traded.
The preceding methods may produce a fair value calculation that may not be indicative of net realizable
value or reflective of future fair values. Furthermore, although the plan believes its valuation methods are
appropriate and consistent with other market participants, the use of different methodologies or assumptions
to determine the fair value of certain financial instruments could result in a different fair value measurement at
the reporting date.
The inputs used in valuing all of the Plans investments have quoted prices in active markets for identical
securities (Level 1).
NOTE 9 FIXED ASSETS
Fixed assets at June 30, 2015 and 2014 by classification are summarized as follows:

Note 10 Evaluation of subsequent events


The Plan has evaluated subsequent events through February 11, 2016, the date the financial statements
were available to be issued.
NOTE 11 LINE OF CREDIT
The Plan had a $1,500,000 line of credit with the Amalgamated Bank of New York which expired on May 29, 2015.
As of June 30, 2015, there were no outstanding borrowings under the line of credit. The terms of the agreement
included various covenants which required, among other things, that the Plan maintain certain financial ratios. The
Plans line of credit with Amalgamated Bank of New York was not renewed upon expiration.
NOTE 12 LEASE COMMITMENTS
As stated in Note 5, the Union rents space on a month to month basis to the Plan based on square footage.
The terms of the lease are based on the August 1, 2003 agreement that expired on May 31, 2013. Per the expired agreement, the Plan pays 100% of the rental cost for the 15th floor, the Social Service Employees Union Local 371 Welfare Fund pays 66% of the 12th floor, and the Union pays 100% of the 14th floor and 34% of the 12 th
floor. Rent expenses were $259,332 and $247,764 for the years ended June 30, 2015 and 2014, respectively.
NOTE 13 ADMINISTRATIVE EXPENSES

NOTE 6 PENSION PLANS FOR EMPLOYEES


The Plans eligible employees are provided pension benefits by the Social Services Employees Union Local 371
Funds Staff Pension Plan, a defined contribution profit sharing plan. Contributions to this plan were $154,640 and
$149,144 for the years ended June 30, 2015 and 2014, respectively.
NOTE 7 INVESTMENTS
The following summary reflects investments held at June 30, 2015 and 2014:

The Unionist|April 2016

CHARLES ENSLEY EDUCATIONAL AND SCHOLARSHIP fund


To the Board of Trustees Social Service Employees Union Local 371 Charles Ensley Educational and Scholarship
Fund
INDEPENDENT AUDITORS REPORT

Report on the Financial Statements: We have audited the accompanying financial statements of the Charles
Ensley Educational and Scholarship Fund of the Social Service Employees Union Local 371, which comprise the
statements of benefit obligations and net assets available for benefits as of June 30, 2015 and 2014, and the
related statements of changes in benefit obligations and in net assets available for benefits for the years then
ended and the related notes to the financial statements
Managements Responsibility for the Financial Statements: Plan management is responsible for the preparation
and fair presentation of these financial statements in accordance with accounting principles generally accepted
in the United States of America; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors Responsibility: Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audits in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the Plans preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Plans internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial status of the Charles Ensley Educational and Scholarship Fund of the Social Service Employees Union
Local 371 as of June 30, 2015 and 2014, and the changes in its financial status for the years then ended in
accordance with accounting principles generally accepted in the United States of America.
New York, NY
March 11, 2016
STATEMENTS OF BENEFIT OBLIGATIONS AND NET ASSETS AVAILABLE FOR BENEFITS
JUNE 30, 2015 AND 2014

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014


NOTE 1 DESCRIPTION OF PLAN
The following description of the Charles Ensley Educational and Scholarship Fund of the Social Service
Employees Union Local 371 (formerly the Social Service Employees Union Local 371 Educational Fund) (the
Plan) provides only general information. Participants should refer to the benefit booklet for a more complete
description of Plan provisions.
General: The Plan was established in 1965 for the purpose of providing educational benefits to eligible
employees covered by the collective bargaining agreement between the Social Service Employees Union Local
371 AFSCME, AFL-CIO (the Union) and the City of New York (the Employer). It is not subject to the provisions
of the Employee Retirement Income Security Act of 1974, as amended (ERISA), but voluntarily files Form 5500.
In April 2014, an amendment to the Plan was adopted by the membership of the Union to change the name of
the Social Service Employees Union Local 371 Educational Fund to the Charles Ensley Educational and Scholarship
Fund of the Social Service Employees Union Local 371. As part of this amendment, the Plan will provide scholarship
benefits based on criteria different from other plan benefits.
Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees comprised
of seven trustees, all of whom are elected by the general membership of the Union.
Benefits: The Plan provides a schedule of reimbursements for job-related courses, conferences, etc. The
Plan also provides its own training courses at no cost to members.
Funding: Contributions are made by the Employer to the Social Service Employees Union Local 371 Administrative
Fund (the Administrative Fund), a related organization. The Plan receives, on an as needed basis, an allocation of
these contributions (see Note 4). The Plan also has an annual fundraising event for the exclusive purpose of providing
scholarships.
Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the trustees
pay all obligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in
their opinion, best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrue to the
benefit of the Employer or the Union.
Other: Although they have not expressed any intention to do so, the Plans Board of Trustees has the right
under the Plan to modify the Trust and to terminate the Plan.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The records of the Plan are maintained on the accrual basis of accounting.
Use of Estimates: The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires Plan management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date
of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Plan Benefits: Estimated liabilities for benefits incurred but not reported were calculated at 20% of benefits
paid less actual accruals for benefits payable.
Administrative Expenses: The Administrative Fund pays all administrative expenses of the Plan.
NOTE 3 TAX STATUS
The Trust established under the Plan to hold the Plans assets is qualified pursuant to Section 501(c)(3) of the
Internal Revenue Code, as amended and, accordingly, the trusts net income is exempt from income taxes. The
Plan has obtained a favorable tax determination letter from the Internal Revenue Service and Plan management
believes that the Trust, as amended, continues to qualify and to operate in accordance with applicable provisions
of the Internal Revenue Code.
The Plans tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authorities.

STATEMENTS OF CHANGES IN BENEFIT OBLIGATIONS AND in NET ASSETS AVAILABLE


FOR BENEFITS YEARS ENDED JUNE 30, 2015 AND 2014

NOTE 4 TRANSACTIONS WITH RELATED PARTIES


The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Services
and Welfare Plans decided that in order to simplify operations and record keeping, all administrative expenses
of the above-mentioned benefit plans would be paid by the Administrative Fund.
As stated in Note 1, the Administrative Fund is the recipient of employer contributions. These contributions
are then allocated on an as needed basis to cover the costs of the Plans benefit programs and related expenses,
excluding scholarships.
Note 5 Risks and uncertainties
The balance of claims incurred but not reported is reported based on certain assumptions, which are subject
to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably
possible that changes in these estimates and assumptions in the near term would be material to the financial
statements.
Note 6 Evaluation of subsequent events
The Plan has evaluated subsequent events through March 11, 2016, the date the financial statements were
available to be issued.
Note 7 sEGREGATED cASH
As discussed in Note 1, the Plan was amended to provide scholarship benefits based on criteria different from
other plan benefits. As such, proceeds net of disbursements from the Plans donations, grants, and fundraising
events are segregated for the payment of scholarships.
NOTE 8 RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
Amounts currently payable to or for participants, dependents and beneficiaries are recorded on the Form
5500 for benefits that have been processed and approved for payment prior to June 30, but not yet paid as of
that date, and for estimates of claims incurred but not yet reported to the Plan.
The following is a reconciliation of net assets available for benefits per the financial statements to the Form
5500:

April 2016|The Unionist

Legal Services Fund


Board of Trustees of Social Service Employees Union Local 371 Legal Services Fund
INDEPENDENT AUDITORS REPORT

Report on the Financial Statements: We have audited the accompanying financial statements of Social Service
Employees Union Local 371 Legal Services Fund, which comprise the statements of benefit obligations and net
assets available for benefits as of June 30, 2015 and 2014, and the related statements of changes in benefit
obligations and in net assets available for benefits for the years then ended and the related notes to the financial
statements
Managements Responsibility for the Financial Statements: Plan management is responsible for the preparation
and fair presentation of these financial statements in accordance with accounting principles generally accepted
in the United States of America; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors Responsibility: Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audits in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
STATEMENTS OF BENEFIT OBLIGATIONS AND NET ASSETS AVAILABLE FOR BENEFITS
JUNE 30, 2015 AND 2014

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014


NOTE 1 DESCRIPTION OF PLAN
The following description of the Social Service Employees Union Local 371 Legal Services Fund (the Plan)
provides only general information. Participants should refer to the Plans benefit booklet for a more complete
description of Plan provisions.
General: The Plan was established in 1974 for the purpose of providing prepaid legal benefits to eligible
employees covered by collective bargaining agreements between the Social Service Employees Union Local 371
AFSCME, AFL-CIO (the Union) and the City of New York (the Employer). It is not subject to the provisions of the
Employee Retirement Income Security Act of 1974 as amended, (ERISA).
Plan Administration: The administration of the Plan is the responsibility of a Board of Trustees comprised
of seven Trustees, all of whom must be members of the Legal Assistance Committee of the Union. The Unions
constitution, which determines the composition of the Committee, thereby determines the composition of the Board
of Trustees.
Benefits: The Plan provides a program of prepaid legal benefits, which include civil and criminal defense
representation.
Funding: Contributions are made by the Employer to the Social Service Employees Union Local 371 Administrative
Fund (the Administrative Fund), a related organization. The Plan receives, on an as needed basis, an allocation of
these contributions (see Note 4).
Plan Termination: In the event of termination of the Plan, the trust agreement requires that the trustees pay
all obligations of the Plan and shall distribute and apply any remaining surplus in such a manner as will, in their
opinion, best effectuate the purpose of the Plan. In no circumstances shall any funds revert or accrue to the
benefit of the Employer or the Union.
Other: Although they have not expressed any intention to do so, the Plans Board of Trustees has the right
under the Plan to modify benefits provided to participants and to terminate the Plan.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The records of the Plan are maintained on the accrual basis of accounting.
Use of Estimates: The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires Plan management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and

Board of Trustees of Social Service Employees Union Local 371 Annuity Fund

STATEMENTS OF changes in BENEFIT OBLIGATIONS AND in NET ASSETS AVAILABLE FOR BENEFITS
JUNE 30, 2015 AND 2014

liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those estimates.
Administrative Expenses: The Administrative Fund pays all administrative expenses of the Plan.
NOTE 3 TAX STATUS
The Trust established under the Plan to hold the Plans assets is intended to be qualified pursuant to Section
501(c)(9) of the Internal Revenue Code of 1986 (IRC), as amended and, accordingly, the trusts net income is exempt
from income taxes. The Plan has obtained a favorable tax determination letter from the Internal Revenue Service,
and Plan management believes that the Trust, as amended, continues to qualify and to operate in accordance with
applicable provisions of the Internal Revenue Code.
The Plans tax filings for years prior to fiscal 2012 are no longer subject to examination by the tax authorities.
NOTE 4 TRANSACTIONS WITH RELATED ORGANIZATIONS
The Trustees of the Social Service Employees Union Local 371 Administrative, Educational, Legal Services
and Welfare Plans decided that in order to simplify operations and record keeping, all administrative expenses of
the above mentioned benefit plans would be paid by the Administrative Fund.
As stated in Note 1, the Administrative Fund is the recipient of employer contributions made by the employer.
These contributions are then allocated on an as needed basis to cover the costs of the Plans benefit programs.
The Plans related party transactions with the Administrative Fund are summarized as follows:

Note 5 Evaluation of subsequent events


The Plan has evaluated subsequent events through February 11, 2016, the date the financial statements
were available to be issued.

Annuity Fund

INDEPENDENT AUDITORS REPORT


Report on the Financial Statements: We have audited the accompanying financial statements of the Social
Service Employees Union Local 371 Annuity Fund, which comprise the statements of net assets available for
benefits as of March 31, 2015 and 2014, and the related statements of changes in net assets available for
benefits for the years then ended and the related notes to the financial statements.
Managements Responsibility for the Financial Statements: Plan management is responsible for the preparation
and fair presentation of these financial statements in accordance with accounting principles generally accepted
in the United States of America; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors Responsibility::Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audits in accordance with auditing standards generally accepted in the United States
of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.

10

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the Plans preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Plans internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion: In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial status of Social Service Employees Union Local 371 Legal Services Fund as of June 30, 2015 and
2014, and the changes in its financial status for the years then ended in accordance with accounting principles
generally accepted in the United States of America.
New York, NY
February 11, 2016

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditors judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the Plans preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the Plans internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and
the reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion:: In our opinion, the financial statements referred to above present fairly, in all material respects, the
net assets available for benefits of the Social Service Employees Union Local 371 Annuity Fund as of March 31,
2015 and 2014, and the changes in its net assets available for benefits for the years then ended in accordance
with accounting principles generally accepted in the United States of America.
New York, NY
October 8, 2

The Unionist|April 2016

Annuity Fund (continued)


STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
March 31, 2015 AND 2014

STATEMENTS OF changes in NET ASSETS AVAILABLE FOR BENEFITS


March 31, 2015 AND 2014

NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 AND 2014


NOTE 1 DESCRIPTION OF PLAN
The following description of the Social Service Employees Union Local 371 Annuity Fund (the Plan) provides
only general information. Participants should refer to the benefit booklet for a more complete description of the Plans
provisions.
General: The Plan is a collectively bargained single employer non-contributory defined contribution plan
that provides annuity benefits to eligible participants. The Plan was established in 1999 pursuant to a collective
bargaining agreement between the City of New York and its agencies (the Employer) and Social Service
Employees Union Local 371 AFSCME, AFL-CIO, (the Union). It is not subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA), as amended.
Plan Administration: The administration of the Plan is the responsibility of a board of trustees comprised of
union officers and appointees. The Plans investments are managed by independent investment managers who
have full discretion and authority to engage in transactions for the benefit of the Plan within the guidelines set by the
trustees. A separate Plan custodian holds the investments of the Plan.
Contributions: Contributions are made by the Employer for covered participants. Rates are determined by
the collective bargaining agreement in effect at the time. The current collective bargaining agreement requires
contributions for all eligible participants to be paid at a pro-rata daily rate not to exceed $684 per annum.
The Plan accepts rollover contributions from other New York City Governmental Plans for employees transferring
into covered titles.
Participant Accounts: Each participants account is credited with employer contributions made on their behalf
plus an allocation for Plan earnings (losses) less distributions and a deduction for Plan expenses.
Vesting: Once an individual account has been established, all contributions and earnings thereon are immediately
vested in each participants account after the end of each quarter.
Payment of Benefits: Participants are entitled to their entire account balance. Account distributions are made
upon termination of employment, retirement, death or permanent disability.
Plan Termination: In the event of termination of the Plan, the Trust Agreement requires that the Trustees
shall distribute to each employee the value of his account subject to any administrative adjustment at the time of
termination in such a manner that will best effectuate the Plans intent.
Other: The Plans Board of Trustees has the right under the Plan to terminate the plan in accordance with the
terms of the Collective Bargaining Agreement and Agreement and Declaration of Trust.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The financial statements are prepared under the accrual method of accounting.
Investment Valuation and Income Recognition: Investments are reported at fair value. Fair value is the
price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. See Note 7 for a discussion of fair value measurements.
Payments of Benefits: Benefit payments to participants are recorded upon distribution.
Amortization of Start-up Costs: All expenses associated with the initial preparation of the Plans trust
documents and tax exemption application were capitalized and was amortized over a 15-year period.
Use of Estimates: The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires Plan management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results
could differ from those estimates.
Fixed Assets and Depreciation: Fixed assets are stated at cost less depreciation accumulated since acquisition
and does not purport to represent replacement or realizable value. All fixed assets are depreciated over estimated
useful lives using the straight-line method. Expenditures for normal repairs of fixed assets are charged to current
operations. All other expenditures for fixed assets are capitalized.
NOTE 3 TAX STATUS
The Internal Revenue Service has determined and informed the Plan by letter dated June 14, 2012, that the
Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC).
The Plan has been amended since receiving the determination letter. However, the Plans management believes
that the Plan currently is designed and is being operated in compliance with the applicable requirements of the
Code and, therefore, believes that the related trust is tax exempt. Consequently, no provision for income taxes
has been included in the Plans financial statements.
Note 4 Concentration of credit risk
Financial instruments that subject the Plan to concentration of credit risk include cash and short-term
investments. The Plan maintains accounts at high quality financial institutions. While the Plan attempts to limit
any financial exposure, its cash deposit balances may, at times, exceed federally insured limits. Short-term
investments are not covered by the Federal Deposit Insurance Corporation.
Note 5 RISK AND UNCERTAINTIES
The Plan invests in various investment securities. Investment securities are exposed to various risks such as
interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is
at least reasonably possible that changes in the values of investment securities will occur in the near term and
such changes could materially affect the amounts reported in the statement of net assets available for benefits.
NOTE 6 INVESTMENTS
The following summary reflects investments held at March 31, 2015 and 2014:

April 2016|The Unionist

NOTE 7 FAIR VALUE MEASUREMENTS


Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair Value
Measurements and Disclosures, provides the framework for measuring fair value. That framework provides a
fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy
gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level
1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three Levels of
the fair value hierarchy under FASB ASC 820 are described as follows:
L
 evel 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities
in active markets that the plan has the ability to access.
Level 2: Inputs to the valuation methodology include:
Quoted prices for similar assets or liabilities in active markets;
Quoted prices for identical or similar assets or liabilities in inactive markets;
Inputs other than quoted prices that are observable for the asset or liability;
Inputs that are derived principally from or corroborated by observable market data by correlation or
other means.
If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for
substantially the full term of the asset or liability.
L
 evel 3: Inputs to the valuation methodology are unobservable and significant to the fair value
measurement.
The assets or liabilitys fair value measurement Level within the fair value hierarchy is based on the
lowest Level of any input that is significant to the fair value measurement. Valuation techniques used need to
maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets at fair value. There have been no
changes in the methodologies used at March 31, 2015 and 2014.
Interest bearing cash: Interest bearing cash is reported at cost, which approximates fair value.
Corporate stocks and U.S. government securities: Corporate stocks and U.S. government securities are valued
at the closing price reported in the active market on which the individual securities are traded.
Corporate and municipal debt instruments: Certain corporate and municipal debt instruments are valued at
the closing price reported in the active market on which the individual securities are traded. Other corporate
and municipal debt instruments traded in the over-the-counter market and listed securities for which no sale
was reported on the last business day of the Plan year are valued at the average of the last reported bid and
asked prices.
The preceding methods may produce a fair value calculation that may not be indicative of net realizable
value or reflective of future fair values. Furthermore, although the plan believes its valuation methods are
appropriate and consistent with other market participants, the use of different methodologies or assumptions
to determine the fair value of certain financial instruments could result in a different fair value measurement at
the reporting date.
The inputs used in valuing all of the Plans investments have quoted prices in active markets for identical
securities (Level-1).
NOTE 8 RELATED PARTY TRANSACTIONS
The Plan and the Social Service Employees Union Local 371 Administrative Fund (the Administrative
Fund) share facilities, employees and other overhead expenses (telephone, postage, etc.). The Plan is
charged for an allocation of these shared expenses based on estimated usage percentages. Reimbursements
to the Administrative Fund for the years ended March 31, 2015 and 2014 were $355,562 and $366,069,
respectively. As of March 31, 2015 and 2014, the Plan owed the Administrative Fund $16,923 and $20,924,
respectively.
NOTE 9 ADMINISTRATIVE EXPENSES

NOTE 10 UNALLOCATED NET ASSETS


Due to timing differences in the receipt and posting of contributions and investment income there are
differences between the total of participants account balances and the net assets available for benefits of the
Plan. As a result, the Plan had unallocated net assets at March 31, 2015 and 2014 as follows:

Note 11 evaluation of subsequent events


The Plan has evaluated subsequent events through October 8, 2015, the date the financial statements were
available to be issued.

11

FLSA Victory
for DHS
Workers
Five hundred
Union members in the
Department of Homeless
Services received a $1.9
million settlement in the
ongoing Fair Labor and
Standards Act lawsuit
regarding unpaid overtime
wages.
Individual members will
receive anywhere between
$100 and $6,000 depending on their claims. The
Union is continuing to
advocate for back pay on
unpaid overtime in other
agencies.
Please see the section
on the FLSA on the Unions
website for further details
and to see if you qualify
for the lawsuit. Cases are
pending on behalf of more
than 2,000 workers at
NYCHA and ACS. Please
note, it is unlawful for the
City to retaliate against you
for participating in the lawsuit and Union lawyers will
represent any member who
is the victim of retaliation.
This is a great legal
victory and a great day for
members who have been
shortchanged unfairly,
said Union Vice President
for Grievances and Legal
Services Darek Robinson.
We look forward to seeing more payouts in other
agencies.
Robinson added that any
member who believes he
or she is being shorted on
overtime should contact
an organizer or go to the
FLSA portion of the Unions
website.
12 12

Periodicals Postage
Paid at New York, NY
Social Service Employees Union
Local 371
817 Broadway
New York, N.Y. 10003

Health Plan Changes


Under the new health care agreement between the City and the Municipal
Labor Committee, there is a new co-pay schedule for City workers. Please refer to
this chart and check out the website for more health care information. Changes are
effective July 1, 2016.

Current and new Co-pays for the GHI CBP Plan


CBP Plan Design Changes

Current Copay

New Copay

PCP (including mental health)

$15

$15

ACP Generalist (PCP)

$15

$0

ACP Specialty

$20

$0

Non-ACP Surgical Specialty

$20

$30

All Other Specialists

$15

$30

Emergency Room

$50

$150

Urgent Care

$15

$50

MRI/CT High Cost Radiology

$15

$50

Physical Therapy

$15

$20

Diagnostic/Lab

$15

$20

Preventative Care-Non-Rx

Varies

$0

Preventative Care-Rx

Varies

$0

Total estimate savings: $84.7 million


The Unionist|April
20162016
The Unionist|April

You might also like