California Educator

SEPTEMBER 2010

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2008 Summary Annual Report For CTA Economic Benefits Trust Member Welfare Benefit Plan This is a summary of the annual report of the California Teachers Association Economic Benefits Trust Member Welfare Benefit Plan, EIN 94-0362310, Plan No. 590, for the period Sept. 1, 2008, through Aug. 31, 2009. The annual report has been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required under the Em- ployee Retirement Income Security Act of 1974 (ERISA). Insurance Information: The plan has contracts with Standard Insurance Company to pay life insur- ance, AD&D, temporary disability and long-term disability claims incurred under the terms of the plan. The total premiums paid for the plan year end- ing Aug. 31, 2009, were $33,164,066. Because they are so-called “experience-rated” contracts, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance premiums paid for the plan year end- ing Aug. 31, 2008, the premiums paid under such “experience-rated” contracts were $33,164,066 and the total of all benefit claims paid under these expe- rience-rated contracts during the plan year was $21,320,581. The Plan finances, to specified members of CTA, death and dismemberment benefits through the CTA Death and Dismemberment Plan, a health in- formation and well-baby program, a consumer ben- efits education program, a retiree discount vision program and, intermittently, a premium holiday benefit. These benefits are self-funded by the Plan and are not insured by an insurance company. Basic Financial Statement: The value of plan as- sets, after subtracting liabilities of the plan, was $64,274,558 as of Aug. 31, 2009, compared to $65,548,238 as of Sept. 1, 2008. During the plan year the plan experienced a decrease in its net assets of $1,273,680. This decrease includes unrealized appre- ciation and depreciation in the value of plan assets; that is, the difference between the value of the plan’s assets at the end of the year and the value of the as- sets at the beginning of the year or the cost of assets acquired during the year. During the plan year, the plan had total income of $34,353,346 including em- ployee contributions of $33,164,066, realized losses of $1,386,371 from the sale of assets, and earnings 34 California Educator | SEPTEMBER 2010 from investments of $2,575,651. Plan expenses were $35,627,026. These expenses included $1,518,599 in administrative expenses and $34,108,427 in benefits paid to participants and ben- eficiaries. Your Rights to Additional Information: You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed be- low are included in that report: 1) an accountant’s report; 2) financial information and information on payments to service providers; 3) assets held for in- vestment; and 4) insurance information, including sales commissions paid by insurance carriers. To obtain a copy of the full annual report, or any part thereof, write the office of Risk Management/ Member Benefits, California Teachers Association [the Plan administrator], 1705 Murchison Drive, Burlingame, CA 94010, (650) 697-1400. The charge to cover copying costs will be 25 cents per page. You also have the right to receive from the plan administrator, on request and at no charge, a state- ment of the assets and liabilities of the plan and ac- companying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. You also have the legally protected right to examine the annual report at the main office of the plan (California Teachers Association, 1705 Murchison Drive, Burlingame, CA 94010) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the De- partment should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Con- stitution Avenue NW, Washington, DC 20210. SEND US YOUR COMMENTS Making the grade Is the traditional letter system changing for good? 8 Lesson Plans for Sale Educators turn good ideas into profits 16 If any of the stories in the California Educator pique your interest, let us know your thoughts and we may publish your letter. Please include your full name, local association and phone number or e-mail address in the event that we want to contact you. Letters may be sent via mail, fax or e-mail. address: California Educator Magazine CTA Communications 1705 Murchison Drive Burlingame, CA 94010-4583 fax: e-mail: (650) 552-5002 editor@cta.org What makes a good school? Page 8 Students and the arts 12 What the experts have to say 15 Teachers turn around school 18 LAST OF THE page 16 schoolhouses page 8 Resiliency One-room

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