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The UAW expanded its scope to include workers in other major industries such as the aerospace and agricultural-implement industries. The UAW disaffiliated from the AFL–CIO on July 1, 1968, after Reuther and AFL–CIO President George Meany could not come to agreement on a wide range of policy issues or reforms to AFL–CIO governance. [33]
The UAW Retiree Medical Benefits Trust, with more than $45 billion in assets as of June 2010, and $58.8 billion as of March 2014, is the world's largest VEBA. [ 7 ] References
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
If your company offers safe harbor 401(k) plans for its employees, make note of these important dates: If your company is setting up a new Safe Harbor 401(k), it must be effective by Oct. 1 ...
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The 401(k) has two varieties: the traditional 401(k) and the Roth 401(k). Traditional 401(k): Employee contributions are made with pretax dollars, lowering your taxable income. Your contributions ...
A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group. The term "bundled" is sometimes used to refer to such an arrangement; [ 12 ] [ 13 ] [ 14 ] the same company maintains the plan, manages investments, and provides custody services.
Temporary Ford employees will be eligible for profit-sharing for the first time too, and the checks up are from $9,176 a year ago. Ford UAW employees get bigger profit-sharing checks for 2023 ...