The PEF Membership Benefits Program Trust
The PEF Membership Benefits Program Trust is a separate entity from the Union. The PEF MBP Trust is governed by the PEF Membership Benefits Program Board of Trustees. The exclusive policy making body for the PEF Membership Benefits Program resides with the five (5) Trustees, appointed by the President of PEF in accordance with the PEF MBP Trust Document.
The Trustees alone, are charged with the operation and administration of the Trust and managing the assets of the program while maintaining its financial stability. The Trustees are required to establish and accumulate reserves that are adequate to carry out the purpose of the PEF Membership Benefits Program. Careful investments and administrative fees allow the program to remain fully self-funded.
Neither the Union nor any of its bodies have jurisdiction or binding legal authority over the operations or policy of the PEF Membership Benefits Program. Reciprocally, neither the Union nor the PEF Membership Benefits Program have legal responsibilities for each other’s actions.
The PEF Membership Benefits Program Trustees
The PEF Membership Benefits Program Board of Trustees:
• Wayne Spence
• Joseph F. Donahue III
• David Dubofsky
• Bernadette O’Connor, Chair
• Jeanette Santos
Administrator
The Trustees appoint an Administrator to oversee the daily operations of the trust.
PEF MBP Administrator
Stephanie McLean-Beathley
