PBGC Policy Change Information

May 21, 2021 Admin 0

May 20, 2021

We recently became aware of a change in the Pension Benefit Guarantee Corp (PBGC) policy regarding payment of retiree benefits. In the past, employees had to be retired in order to collect benefits from any plan terminated by the employer and taken over by the PBGC. The recent change now allows active employees to collect benefits without retiring from their employer and takes effect June 1, 2021. Eligibility rules are established by the PBGC. However, we understand this change would apply to any employee of any company who had their pension terminated and taken over by the … Read More...

American Airlines Mechanic & Related DAT Selection Period Closes Nov 1st

October 27, 2020 Admin 0

October 27, 2020

Sisters and Brothers,

The DAT election tool is open now and will close on November 1st at 11:59 pm. Your Association Leadership encourages you to please take the time to login and ensure your DAT selection is what you want it to be.

The contract allows you to select up to 120 hours of DAT time per Article 23 paragraph H, posted below:

H. The Company will submit to the Union at each shop/bid area function and location by October 15th the vacation schedule for the succeeding year. Employees may reserve up to one hundred twenty … Read More...

American Airlines Open Enrollment Update – Revised

October 17, 2020 Admin 0

October 16, 2020

Brothers and Sisters,

Open enrollment for benefits has begun and is open from October 15th to November 6th.   Now is your opportunity to select or update your medical, dental, vision, life insurance, and other benefits for you and your family.

Your IAM leadership strongly encourages you to log into your account and ensure the options selected are the options you have chosen. Please be sure to print a copy of your selections for your personal verification and records.

For some of our members, this will be your first opportunity to enroll in IAM benefits. It … Read More...

Decisions & Choices: Layoff Resource Manual

August 21, 2020 Admin 0

Sisters and Brothers,

Understanding that the loss of a job will undoubtedly put great physical and emotional strain upon workers and their families, I want you to know that you are not alone. To get the help you may need, you must know where to find it

The IAM has created this manual to assist you if you have lost your job or are anticipating unemployment. I urge you to review its contents thoroughly, and take advantage of the resources available.

Additionally, each state has its own rapid-response entity. They exist to help those affected by layoffs, and are generally … Read More...

New IAM Pension Application Procedures

December 27, 2018 Admin 0

12/27/2018

Effective January 1, 2019 the Benefit Fund Office (BFO) of the IAM National Pension Fund (IAMNPF) will implement a change to in the Pension Application procedures to ensure compliance with the Fund’s rules.

The IAMNPF Summary Plan Description states: “You will be considered as having applied only when the Fund Office has received all parts of your completed application and any required supporting documents.  Payment cannot begin before the completed application is received.  Your application will have an expiration date, which is within 180 days of your request for it.  Your completed application must be received in the Fund … Read More...

Airline Retiree Benefit Plan

November 18, 2016 Admin 0

https://www.gilsbar.com/airlineretireebenefitplan/

Dear Retiree,

As an Airline industry retiree, spouse, domestic partner or survivor age 65 and over, you are now eligible to enroll in the group benefit plans through the Airline Retiree Benefit Plan. You are now eligible to elect Medical, Prescription Drug, Dental and Vision coverage and pay competitive group rates negotiated  by the buying power of the Airline Retiree Benefit Plan. Accessibility to these plan is one of the many advantages of being a retired airline industry employee. We encourage you to take advantage of the options available to you.

Insurance Overview

  • The Medical Plan offers
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