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2011 CTA Scholarship recipients ETC. CTA's Board of Directors has awarded 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, 2009, through Aug. 31, 2010. The annual report has been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required under the Employee Retirement Income Security Act of 1974 (ERISA). Insurance Information: The plan has con- tracts with Standard Insurance Company to pay life insurance, AD&D, temporary disabil- ity and long-term disability claims incurred under the terms of the plan. The total premi- ums paid for the plan year ending Aug. 31, 2010, were $33,765,920. Because they are so-called "experience- scholarships to 35 dependent children of CTA members, three Student CTA members, and five CTA members under the CTA Scholarship Program. Erika Kreeger, dependent of Pacific Grove rated" contracts, the premium costs are affected by, among other things, the number and size of claims. Of the total insurance pre- miums paid for the plan year ending Aug. 31, 2010, the premiums paid under such "experi- ence-rated" contracts were $33,765,920 and the total of all benefit claims paid under these experience-rated contracts during the plan year was $25,085,337. The Plan finances, to specified members of CTA, death and dismemberment benefits t of Anne Congleton, Monterey Bay Teachers As- ent Plan, a health information and well- aby program, a consumer benefits education rogram, a retiree discount vision program nd, intermitten ly, a premium holiday ben- efit. These benefits are self-funded by the Plan plan assets, after subtracting liabilities of the plan, was $67,367,512 as of Aug. 31, 2010, compared to $64,274,558 as of Sept. 1, 2009. During the plan year the plan experienced an increase in its net assets of $3,092,954. This increase includes unrealized appreciation 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 assets 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 $39,407,328 including employee contributions of $33,711,715, realized gains of $939,837 from the sale of assets, and earn- ings from investments of $4,755,776. Teachers Association member Kathleen Carol Kreeger, won the Ralph J. Flynn Memorial Scholarship for the highest-scoring applicant ($5,000). Recipients of the 2011 CTA Scholarship for Dependent Children ($5,000) are: Nicole Is- bell, dependent of Sandra Jean Isbell, San Ra- mon Valley Education Association; Korbin Johnstone, dependent of Kelly Johnstone, Tu- lare City Teachers Association; Tiana McFar- land, dependent of Stephanie McFarland, Teachers Association of Paradise; Molly Mc- Donell, dependent of Jerilyn Keyak, United Edu- cators of San Francisco; Maura Chen, dependent of Shawn Chen, Manhattan Beach Unified Teach- ers Association; Johannah Fernandes, depen- dent of Albano and Maureen Fernandes, Hemet Teachers Association; Tierra Schroeder, de- pendent of Thomas Schroeder, Associated Teachers of Placer; Ian Stubbs, dependent of Richard Stubbs, Temecula Valley Educators As- sociation; Katherine Congleton, dependent hrough the CTA Death and Dismember- msociation; Elizabeth Cooper, dependent of b Christopher Cooper, Vacaville Teachers Associa- ption; and Andrew Brinker, dependent of To- a bin Brinker, Rialto Education Association. Also, Margaret Maratsos, dependent of and are not insured by an insurance company. Basic Financial Statement: The value of 2009 Summary Annual Report For CTA Economic Benefits Trust Member Welfare Benefit Plan expenses included $1,732,101 in administra- tive expenses and $34,582,273 in benefits paid to participants and beneficiaries. 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 below are included in that report: 1) an accountant's report; 2) financial information and information on payments to service providers; 3) assets held for investment; and 4) insurance information, including sales commissions paid by insurance carriers. To obtain a copy of the full annual report, Lee Ramaley, Elk Grove Education Association; and Michael Diaz, dependent of Tony Diaz, Teachers Association of Long Beach. Also, Austin Hagwood, dependent of Susan Plan expenses were $36,314,374. These or any part thereof, write the office of Risk Management/Member Benefits, California Teachers Association [the Plan administra- tor], 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 Frediani, Plumas County Teachers Association; Melissa Immel, dependent of Nicole Dubois and Scott Immel, Dixon Teachers Association; Jillian Risigari-Gai, dependent of Marie Ib- sen, Alhambra Teachers Association; Hannah Maryanski, dependent of Peggy Maryanski, Ventura Unified Education Association; Amy Wolford, dependent of Richard Wolford, Shasta Secondary Education Association; Megan Buck, dependent of Susan Duquesnel, Garden Grove Ed- ucation Association; Noah Connally, depen- dent of Janis Connally, Santa Barbara Teachers Association; Allan Isbell, dependent of Sandra Jean Isbell, San Ramon Valley Education Associa- tion; Trisha Morrissey, dependent of David Morrissey, Panama Buena Vista Teachers Associa- charge, a statement of the assets and liabili- ties of the plan and accompanying 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 (Cali- fornia Teachers Association, 1705 Murchison Drive, Burlingame, CA 94010) and at the U.S. Department of Labor in Washington, D.C., o for Members ($3,000) are: Maryel Ambat, ent of Labor upon payment of copying ane Pendrick, Torrance Teachers Association; Richard Snyder, As ociated Pomona Teach- ers; Jacqueline Valadez, El Centro Secondary Teachers Association; and uyoung Yang, Glendale Teachers Association. Memorial Scholarship for Student CTA ($3,000) are: Areli Dohner-Chavez, CSU Stanislaus; Hannah Sener, Cal Poly State Uni- versity, San Luis Obispo; and Courtney Woods- Ziani, San Diego State University. The recipients of the 2011 CTA Scholarship r to obtain a copy from the U.S. Depart- m Franklin McKinley Education Association; Di- costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Adminis- tration, U.S. Department of L Jabor, 200 Con- stitution Avenue NW, Washington, DC 20210. tion; Alexander Newton, dependent of Susan Newton, Monterey County Office of Education Teachers Association; Steven Pham, dependent of Minh Pham, Twin Rivers United Educators; and Theodora Turner, dependent of Ronald Turn- er II, Association of Colton Educators. The recipients of the 2011 L. Gordon Bittle Enjoy the rewards. G. Putnam Cook III, Fallbrook Elementary Teachers Association; Melissa Keller, dependent of Cheryl Keller, San Ramon Valley Education Association; Ashley Wybenga, dependent of Katherine Wybenga, Hemet Teachers Association; Camille Borges, dependent of Esther Borges, Capistrano Unified Education Association; Steven Huff, dependent of Rodney Huff, Stockton Teachers Association; Natassija Jordan, dependent of Tarsha Jordan, Emery Teachers Association; Deidre Kennedy, dependent of Kathryn Kennedy, Teachers Association of Paradise; Radost Ivanova, dependent of Jasmina Ivanova, Coachella Valley Teachers Association; Michael Lance, dependent of Colleen Lance, United Teachers Los Angeles/NEA; Claire Ramaley, dependent of Get something back for your everyday purchases. Use your California Teachers Association Visa® Card with WorldPoints® rewards from Bank of America, and you'll earn points you can redeem for cash, travel, merchandise, even unique adventures. Rewards for the things you buy anyway. Plus ongoing support for the California Teachers Association. Use Priority Code when calling. For information about the rates, fees, and other costs and benefits associated with the use of this Rewards card, or to apply, call the toll free number above, or write to P.O. Box 15020, Wilmington, DE 19850. Terms apply to program features and Credit Card account benefits. For more information about the program, visit bankofamerica.com/worldpoints. Details accompany new account materials. This credit card program is issued and administered by FIA Card Services, N.A. The WorldPoints program is managed in part by independent third parties, including a travel agency registered to do business in California (Reg. No. 2036509-50); Ohio (Reg. No. 87890286); Washington (6011237430) and other states, as required. Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A. Inc. WorldPoints, the WorldPoints design and Platinum Plus are registered trademarks of FIA Card Services, N.A. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. All other company and product names and logos are the property of others and their use does not imply endorsement of, or an association with, the WorldPoints program. ©2008 Bank of America Corporation T-709149-092107 BAD-02-08-10988 September 2011 / www.cta.org 45 MAY 2011 | www.cta.org 25