April 2025
On April 28th, the IAM National Benefit Funds Office mailed the Annual Funding Notice for the IAM National Pension Fund (“Notice”) for the plan year beginning January 1, 2024.
The notice was sent to all Active and Inactive Vested Participants, Active Non-Vested Participants, Benefit Recipients, Employers and both Non-IAM Union and IAM Union Representatives.
December 2024
There were two Summary Material Modifications to the IAM National Pension Plan. They can be viewed below.
**The Summary of Material Modifications Cash-Out Letter does not apply to those currently receiving a monthly National Pension Plan benefit or survivor benefit. Please note that the current monthly benefit you are receiving cannot be cashed out.
The annual mailing for Annuity Withholding can be viewed below.
There was a fifth amendment added to the National Pension Plan. It can be found below.
November 2024
In accordance with ERISA §104(d), the Board of Trustees mailed the following Report of Summary Plan Information to unions that represent Fund participants and contributing employers in early November 2024.
May 2024
On April 29th, the IAM National Benefit Funds Office mailed the Annual Funding Notice for the IAM National Pension Fund (“Notice”) for the plan year beginning January 1, 2023. The April 29th notice included a misprint, and the revised Notice is available below.
The notice was sent to all Active and Inactive Vested Participants, Active Non-Vested Participants, Benefit Recipients, Employers and both Non-IAM Union and IAM Union Representatives.
- Notice of Release of Revised 2023 Annual Funding Notice – May 2024
- Cover Letter for Annual Funding Notice & Notice of Critical Status – April 2024
- Annual Funding Notice for the IAM National Pension Fund for the plan year beginning January 1, 2023
- Notice of Critical Status for the IAM National Pension Fund for the plan year beginning January 1, 2024
March 2024
The following is a summary of changes to the IAM National Pension Fund’s 2023 Summary Plan Description (“SPD”). This Summary of Material Modifications (“SMM”) supplements or modifies the information in your SPD regarding the Plan and mailed in early March 2024.