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The United Mine Workers of America (UMW or UMWA) is a North American labor union best known for representing coal miners. Today, the Union also represents health care workers, truck drivers, manufacturing workers and public employees in the United States and Canada. [ 1 ]
The decline of the coal industry and miners that contribute to the UMWA Health and Retirement Funds, results in their inability to provide coverage for retired coal miners. [ 4 ] [ 5 ] The Miners Protection Act would provide an increase in funds to the organizations that support retired coal miners, such as the United Mine Workers of America ...
Karen Ferguson became a consultant for the United Mine Workers of America where she learned that corporate interest groups planned to undermine the new Employee Retirement Income Security Act of 1974. She told Ralph Nader about the issue and he gave her $10,000 to fight for the rights of pensioners. [1]
Currently two types of plan, the Roth IRA and the Roth 401(k), offer tax advantages that are essentially reversed from most retirement plans. Contributions to Roth IRAs and Roth 401(k)s must be made with money that has been taxed as income. After meeting the various restrictions, withdrawals from the account are received by the taxpayer tax-free.
The American retirement system has earned a disappointing C+ in a global ranking, with experts saying the country’s patchwork of 401(k)s and underfunded pensions is failing its workforce.
In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401(k) plans ...
The United Mine Workers of America (UMWA) has cleared members to return to work at Alabama’s Warrior Met coal mine after a nearly two-year strike. UMWA President Cecil Roberts announced Thursday ...
Articles, local unions, state affiliates, biographies and other items associated with the American and Canadian labor union, the United Mine Workers. Wikimedia Commons has media related to United Mine Workers of America .