Kev3188
Veteran
That's a great question, Josh. First off it's a win/win for the company and the IAM members since the company doesn't want the increased liability and wants to avoid the withdrawal fee. A win for the members insomuch that more money will be dumped into their benefits by the company and it won't be limited to just 40 hours a week or 1600 hours a year. $$$.
I wish more people realized the possibilities with this. You don’t just relieve the company of the liability, you use that leverage for an increased “ask” elsewhere in the CBA.