5 www.iambfo.org NEW BENEFIT ADMINISTRATION SYSTEM “GO-LIVE” DELAYED UNTIL 2022 The IAM National Pension Fund and IAM National 401(k) Fund have been working on the installation of a new Benefit Administration System known as V3 with a projected “go-live” date of August 1, 2021. However, due to programming complications on this very complex system and the anticipated high volume in pension applications in the latter part of 2021, the “go-live” date has been pushed back to March 1, 2022. Stay tuned for more V3 news and updates as we move closer to our “go-live” date! Additionally, the National IAM Benefit Trust Fund (BTF) is currently in the process of implementing the V3 system as well, but under a different timeline. However, the change in the “go-live” date for the Pension and 401k Funds also impacts the BTF installation. As a result, the BTF V3 system “go-live” date has been moved to mid-2022. Stay tuned for more V3 news and updates from the Benefit Trust Fund as we move closer to our “go-live” date! V3 Benefit Administration System Update ZIP CODE CHANGE NOTIFICATION Our zip PLUS FOUR code has changed! The U.S. Postal Service has notified the IAM National Benefit Funds Office that our zip PLUS FOUR code has changed from 20003-3799 to 20003-4595 effective August 1st, 2021. Moving forward, please send all mail to 99 M Street SE, Suite 600, Washington, DC 20003-4595. Please note that mail addressed to the old zip PLUS FOUR code should still be delivered to the Benefit Fund Office, but we encourage you to use the new code for quicker delivery. CYBERSECURITY TIPS When accessing your online retirement account(s), it is important to make sure you protect yourself from the risk of fraud. DID YOU KNOW?! Identity theft reports doubled in the year 2020 from 2019 There were 2.18 million reports of online fraud and scams in 2020 The median online fraud loss was $635 for victims aged 70 to 79 in 2020 Skiba, K. (2021, February 5). Pandemic Proves to Be Fertile Ground for Identity Thieves. AARP. https://www.aarp.org/money/scams-fraud/info- 2021/ftc-fraud-report-identity-theft-pandemic.html 2x 2.18M $635 Click HERE for online security tips from the Employee Benefits Security Administration’s 2021 Cybersecurity program for retirement plans!