Our local has several retiremnet plans, all of which you recieve with your membership. we have three defined benefit plans. One local, One National, One international, plus we have a 401C Annuity plan. It is similar to 401K but 100% employer contributions in addition to many health plans. We have 100%employer contributed premiums, we have our own no cost out of pocket Activate Clinic, in addition to a Plan 4 which is a transitional insurance as you move to Medicare, and they generally surpass their non-union counterparts by a wide margin. In most locals, these plans are 100% paid by the employer – nothing is deducted from your wages.
These plans ensure that you and your family will have access to healthcare and a quality retirement.
Do you have a good retirement plan? Consider how much it costs you to live each year and divide that into your retirement savings and investments. How many years can you survive?
The American Association of Retired People (AARP) says you should have savings of 10 to 12 times your current yearly income before you retire.
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