has provided valuable retirement benefits for members of the International Association of Machinists and Aerospace Workers and their families since 1960.
The IAM National Pension Fund provides participants with a defined-benefit pension plan for their retirement.
While defined-benefit plans were prominent in the past, unfortunately only 12.2 percent of private-sector workers last year said they had access to a defined-benefit plan like the IAM National Pension Fund. These benefits fortify a crucial part of the three-legged stool of American retirement consisting of Social Security, employee pensions, and personal savings.
For decades, the IAM National Pension Fund, IAM National 401(k) Fund, and National IAM Benefit Trust Fund, have provided important retirement and healthcare benefits to IAMAW members, working in a variety of career fields, and their families.
Understanding that the retirement path for every person is unique, we recognize that there are solid mile markers along the way that assist in the voyage. The purpose of our “Journey to Retirement” (JTR) magazine is to provide a description of important steps for plan participants to consider for staying healthy on their way to enjoying a well-deserved retirement, along with a brief by decade look at the history of the Funds.
Within JTR, you will experience articles discussing the importance of your benefits throughout your career, such as the value of preventive care and annual wellness exams for long term health, how to monitor and update your benefit information over time and plan for gaps between your eventual retirement benefits and your expenses, plus naming your beneficiaries, and how to protect your personal information from cybercrime.
We hope you find it informative and enjoyable. Thank you.