Dear Member of IAM District Lodge 141:
We are writing to inform you about a special benefit offered by IAM District Lodge 141: the Adolph Stutz Memorial Scholarship. Each year, our District awards several scholarships to qualified and deserving members — or their children, grandchildren, or spouses
Change to PBGC Policy Expands Benefits
Some IAMAW union members stand to gain from a recent change to the Pension Benefit Guaranty Corp (PBGC) policy regarding the payment of retiree benefits.
In the past, only retirees could collect benefits from any plan terminated by the employer and taken over by the PBGC. The change allows employees who are still on the payroll to receive benefits.
This change will take effect on June 1, 2021.
The new rules apply to any employee of any company who has had their pension terminated and taken over by the PBGC.
To find out if you are eligible to receive benefits under the new plan, please contact the PBGC directly. Representatives can guide you through the process and give you an estimate of what you are entitled to receive.
The PBGC may be contacted through their website, at www.pbgc.gov or on the phone at 1-800-400-7242.
President & Directing General Chair,
International Association of Machinists & Aerospace Workers
Tony Parker, President of...
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