From James F Coyne, Business Manager,
I am proud to tell you that your Local 130 leadership team is working with our contractors to give you another retirement benefit. Local 130 has a 100% funded defined pension, and the defined contribution pension in our Retirement Savings Fund continues to grow with contractor contributions. Beginning January 1, 2024, you will have the opportunity to put your own money into your Retirement Savings Fund account.
The bargaining parties are on the verge of restarting the 401(k) feature within the Retirement Savings Fund to give you another vehicle to save for retirement by deferring wages off of your payroll check. This benefit will help you further solidify your financial future and ensure you have every opportunity to enjoy your retirement.
Please click here to tell us whether or not you would like this benefit.
Brother McManus visited Local 130 on November 9th. He spent time at our Joliet Training Facility (JTC) and met with the Plumbing Contractors Association (PCA) later that day. We sincerely thank Mark for his time.
At the JTC, Mark spoke about our mission to supply an army of skilled, qualified, manpower to signatory union contractors.
Mark also met with the PCA and discussed how energizing it was meeting the young men and women in the Local 130 Apprentice Program. He then went on to complimented Local 130 about the quality of our training facilities.