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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 ]
On December 6, 1974, a new National Bituminous Coal Wage Agreement resulted in the development of four separate trust funds, replacing the single Welfare and Retirement Funds. The 1950 Benefit Pension Trust was created for workers retiring before 1976; the 1974 Pension Trust, for workers retiring after 1975; the 1950 Benefit Trust, provides ...
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.
The Bituminous coal strike of 1977–1978 was a 110-day national coal strike in the United States led by the United Mine Workers of America. It began December 6, 1977, and ended on March 19, 1978. It is generally considered a successful union strike, although the contract was not beneficial to union members.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.
Image source: Getty Images. Easier access to workplace retirement plans. Part-time workers will now have an easier time contributing to their employers' 401(k) plans, thanks to a provision in the ...
A 2014 Washington Post report detailed the process: Paper files are brought to the mine daily in trucks, where employees pass them by hand, cavern to cavern, going over every line of employee data ...