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 have previously stated 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.
In our “Journey to Retirement” (JTR) magazine participants can learn more about important steps 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. You will experience articles discussing the importance of benefits throughout one's career, such as the value of preventive care and annual wellness exams for long term health, how to monitor and update benefit information over time and plan for gaps between one's eventual retirement benefits and expenses, plus naming beneficiaries, and how to protect personal information from cybercrime.