Typical...all you ever do is ASK after reading what you want into things...if you cant comprehend ask your AGC in person........You Trust him as you say?
look mike , i'm sorry , maybe because you've been in the pension longer you guys didn't get the dreaded "letter" where they cut your benefits ....
but I can assure you that the letter exists , and that they DO send them out ....
I've already had my pension benefits slashed , I don't think a sane person would continue to trust the IAMNPF after what I've been through ...
they literally sat me down and explained what my future benefits would be like under optimal conditions ect ect .......
and then later ,BAM they stab you in the back ...
I understand that the stock market has been through horrible events ... and I know that people's 401K's have taken a beating ....
but at the end of the day , if I have to lose money , I want to be the one who has contributed primarily to that loss of money ... I don't have a choice if my IAMNPF monies are in bonds , or stocks ... I can't choose if I want the safest investments or the most risky ....
When you have a 401K , YOU get to determine the level of risk your comfortable with ... I think that choice
SHOULD be left up to our members.... if our people feel confident in the IAMNPF , let them stay , if not let them go ....
Besides ,how is my retirement YOUR business ?