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➤ Are you going to take the current wage increase to shore up the pension deficit, like before?

  • No. With the move to Sustainable Income Benefits in 2017, the proposed amount in the previous two TA’s is sufficient to keep the plan financially healthy.
  • If projections are met, the plan should be fully funded in 2027.
  • The trustees are bound by federal law to make responsible financial decisions for the fund. Trustees cannot promise to, nor would we want them to, ignore a reallocation of funds if necessary. Keeping the plan properly funded means we keep our promise of a secure retirement to all our members.

Did You Know?

Apprenticeships help business.

Apprentices are great for business: helps recruit and develop a highly skilled work force; improves productivity and the bottom line; provides opportunities for tax credits and employee tuition benefits in some states; reduces turnover costs and increases employee retention; and creates industry-driven, flexible training solutions for local and national needs. Learn More

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