Please view the following FAQ regarding the IAM National Pension Fund (IAMNPF).
During the airline industry restructuring of the 2000s, most airlines either terminated of froze employee defined-benefit pension plans and replaced them with defined contribution (401k) plans. The move was aimed to slash future financial obligations to current employees and shift the risk and funding of retirement plans from the airlines to their employees.
IAM-represented airline employees, however, fared much better than did other airline employees because of the IAM National Pension Fund (IAMNPF). IAM negotiators were able to replace terminated or frozen pension plans with the IAM National Pension Plan (IAMNPP), most notably at United Airlines and US Airways.
Please visit the www.iamnpf.org for more information and please read the below FAQ.
Links to important IAMNPF pamphlets:
View the Annual Funding Notice.