The CAL benefits review committee met on Tuesday, November 15, 2011 in Washington DC. The purpose of this meeting was to start gathering and discussing pension information, in preparation for the amalgamation negotiations. Pete Hardcastle, Principal Consulting Actuary with Cheiron, was asked to address and work with the committee. With the help of Pete Hardcastle, Defined Benefit, Defined Contribution, single and multiple employer pensions as well as some different options such as “hybrid” plans, where discussed. Pete will be putting together a presentation for the committee with a comparison between the different plans.
Joining the committee was UAL Technician, Joe Schwirian, as well as some Business Agents representing the UAL technicians. Their input on the UAL pension history was very beneficial to the committee in understanding the importance of protecting this benefit.
The CAL committee will be working closely with its counterparts from UAL on the pension and benefit issues. This will be the first committee to integrate the two work groups to begin the arduous task of protecting one of the most important issues that both work groups will have to tackle.
The Benefits review committee will be meeting again on January 5, 2011, to continue both the health & welfare and pension discussions. The Committee will keep working on ways to better the benefits and keep cost under control.
All Union Participants:
Nick Manicone IBT Counsel, Ed Gleason IBT Counsel, Clacy Griswald IBT Rep, Hemant Berry Asst. Director IBT Benefits, Pete Hardcastle Principal Consulting Actuary, Ralph Salzano BA LU 210, Tommy Esposito BA LU 769, Angel Cantu BA LU19, Audrey Scates LU 986 Committee Member, Vinny Graziano LU 210 Committee Member, Gary Kagel LU 769 Committee Member, Bob Clever LU 19 Committee Member, Joe Schwirian Guest UAL Technician