Is the IAM pension no longer offered?

Discussion in 'New England Motor Freight' started by sabresfan, Dec 3, 2017.

  1. sabresfan

    sabresfan Active Member

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    I talked to a friend here in Buffalo and said he had heard NEMF was not offering a pension any longer. I thought it was the usual rumor mill stuff and didn't think much about it. Here's a screenshot of an indeed review also saying the pension is gone. Can any current NEMF drivers confirm and how did the IAM ever let this happen?
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  2. buffalobill

    buffalobill Well-Known Member

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    How did they get rid of the pension, the Iam pension is really solid, last I knew.
     
  3. sabresfan

    sabresfan Active Member

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    That's what I'm trying to figure out.
     
  4. Lnhl drvr

    Lnhl drvr New Member

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    what about the ballwasher named RAlph at joliet terminal? why is he the only one working sundays?
     
  5. buffalobill

    buffalobill Well-Known Member

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    Well thats ball washing day. So count your blessings that they didn't call you.
     
  6. The Breeze

    The Breeze New Member

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    The union and Mike had a agreement of the I.a.m. national fell below 100% he could back out. As of November 2016 it has dipped to 95 or 96%. NEMF an other' s would be on the hook for greater contributions. We are now returning to the machinists money pension. It was what was has when I started in 2008 an was stopped to enter the national pension fund in August of 08. It' a very safe pension but doesn't yield as high of a return.. anyone who didn't have 5yrs vestments as of November 2016 lost out in getting any money at retireent from the national. This machinist money pension which we will be returning to only requires 1000hrs. For fill vestment. I am a Shop steward @ term. 43
     
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