Fund changes leave Bath Iron Works union leaders uncertain about retirement
BATH — Members of Bath Iron Works’ largest union are unsure whether they can still retire after 30 years, after a letter outlining changes to the pension fund triggered confusion.
Jay Wadleigh, business representative for District 4 of the International Association of Machinists and Aerospace Workers, confirmed last week that a letter was sent to union members detailing changes to the pension plan. The wording left some concerned that they’d no longer be able to retire after 30 years of work unless they’ve already turned 65.
It’s left some workers wondering whether they should retire before the changes take effect.
Local union officials stressed there’s no cause to worry until they’re able to get more clear answers about what the changes mean for employees.
Read more: http://www.theforecaster.net/fund-changes-leave-biw-union-leaders-uncertain-about-retirement/