Benefits Committee Holds Conference Call
As previously noted in past editions of the Dispatch, the IBT retained consultant Pete Hardcastle from “Cheiron,” a benefits advising firm in McLean, VA to run different pension plan scenarios so that the committee can inform the membership of available options. This important work will continue as the committee prepares for joint negotiations.
On Friday, May 18, 2012, the committee held a conference call with Mr. Hardcastle to review the requests for information made in earlier meetings. The benefits committee will meet again in DC on Tuesday June 5, 2012 to receive a briefing of different types of pension plans that could be available to the members based on Mr. Hardcastle’s recommendations.
The committee will also continue identifying the differences of the three sub companies current, Medical, Dental, Vision, Life plans and decide the best way to survey the membership to identify any problems that need to be addressed during negotiations.
Further updates will be published in the Dispatch after every meeting to keep everyone up to date on this important topic.