NYer
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- Jun 4, 2010
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The issue with the pension information being shared on this page deals with the aftermath of the BK and the frozen pensions.
As you can image, there are many Members that had a limited amount of time to accrue a pension payout. For those Members that have accrued $50K or less, there will be an opportunity to have their accrual paid out or it could be turned over to a different retirement account, such as a 401K.
The affected Members will be contacted directly by the Company and a full explanation, with their options, will be included.
This information should have been formally addressed by the International before the affected Members were contacted by the Company. That didn't happen and here we are trying to fend for ourselves.
As you can image, there are many Members that had a limited amount of time to accrue a pension payout. For those Members that have accrued $50K or less, there will be an opportunity to have their accrual paid out or it could be turned over to a different retirement account, such as a 401K.
The affected Members will be contacted directly by the Company and a full explanation, with their options, will be included.
This information should have been formally addressed by the International before the affected Members were contacted by the Company. That didn't happen and here we are trying to fend for ourselves.