16 05, 2017

Machinists, IP Martinez Rally with Senators to Protect Pensions

2017-05-16T16:40:32-07:00May 16th, 2017|Categories: Defined Benefit Plans|Tags: , |

Congress needs to act now to save the retirement security provided by pensions, IAM International President Bob Martinez said at a news conference alongside Sens. Bernie Sanders, Tammy Baldwin and Al Franken on Capitol Hill. Martinez was joined by hundreds of Machinists Union members and other allies to promote the Keep Our Pension Promises Act, or KOPPA. The legislation would restore the long-standing rule prohibiting multi-employer pension plans from cutting benefits to current retirees. […]

14 03, 2014

IAM Wins Pension Increase for 17,000 at United Airlines


2014-03-14T17:47:46-07:00March 14th, 2014|Categories: Retirement|Tags: , , |

The IAM this week concluded discussions with the Board of Trustees of the IAM National Pension Fund (IAMNPF) that will increase pension benefits by 35 to 45 percent for approximately 17,000 IAM members at United Airlines. “IAM members at United Airlines are covered by the best pension plan in the airline industry, and that plan just got a whole lot better today,” said IAM General Vice President Sito Pantoja, who credited IAM International President Tom Buffenbarger and General Secretary-Treasurer [...]