July 24, 2008

 Dear Member,

   It appears that several of the non-profit entities connected to PVH under the umbrella of Well Care have liquidated their assets. The Board of Trustees of Well Care has agreed to provide a portion of those assets to former employees (full-time and regular part-time employees who worked over 24 hours per week as of Sept. 2007), conditioned on approval by the NJ Attorney General.

   This forthcoming money is essentially a combination of three elements:  some percentage of PTO that was lost due to legal limits surrounding bankruptcies; a portion of health care coverage expenses; and an across the board percentage of annual salaries.

    It is our understanding that a letter explaining this, along with a check, will be sent out (again upon approval of the NJ Attorney General) in the next couple of weeks.  Keep your eye out for that.

    This is certainly fantastic news at a most welcome time.!

KEEPING IN TOUCH

 In the past we have asked you to keep in touch with us, tell us how you are doing, where you’re working and update us if you move.  Now we’ll be doing our part.  Over the course of the coming days, you should all be receiving a call from us.  Don’t be shy—we’re just staying in touch.