International Brotherhood of Electrical Workers Local 322

 

 

April Drip Loop

 

Volume 3, Issue 1

 

April 2007

v  Casper Union Meeting                  

April 14, 2007 @ 9:00 a.m.

May 12, 2007 @ 9:00 a.m.

 

v  Rock Springs Unit Meeting

April 16, 2007 @ 7:30 p.m.

May 14, 2007 @ 7:30 p.m.

 

v  Sheridan Unit Meeting

April 18, 2007 @ 6:30 p.m.

May 16, 2007 @ 6:30 p.m.

 

v  Jackson Informational Meeting

April 17, 2007 @ 6:30 p.m.

May 15, 2007 @ 6:30 p.m.

 

v  JATC Completion Ceremony

Friday, May 25, 2007, 6:00 p.m.

Casper – Holiday Inn

 

v  Fort Rowdy

Wyoming Cavalry Game

Casper Events Center

May 12, 2007

 

From the Desk:

Charlie Dockham

Business Manager

 

Greetings Brothers & Sisters,

 

Just wanted to get you up to speed on what has been going on.  First of all, I want to let you know that our work picture continues to be very bright.  We have been depending heavily on travelers to fill our calls.  If you get the chance, please thank them.

 

As always, the Eighth District Health and Pension Plans are of great interest and the last few years have been rather troublesome.  However, we have been able to turn the Health Trust around and bring it back to a very stable financial condition and also bring back dental coverage as well as a few other improvements designed to reduce costs and improve the quality of life for our members and their dependants.

 

As you know by now, the Pension Trustees made the tough decision of reducing the multiplier from 3.1% to 2.3%.  The decision to make this change was not an easy one for the Trustees, and there were a lot of avenues explored.  They have already set the groundwork for increasing the multiplier as the fund begins to grow in strength.  This change does not affect current retirees. There is a DVD available that goes into more detail.  Please call if you would like a copy.

 

We have had open contracts at Lower Valley Energy, High Plains Power and Big Horn REA.  All seemed to have turned out pretty well with raises ranging from 4.5% to 7.3% as well as an increase in foreman and mechanics base rates.  We also were successful in securing increased employer contribution in annuity and NRECA Pension rates. 

 

I would also like to mention that we are currently holding a monthly informational meeting in Jackson Hole, 6:30 p.m., the Tuesday after the second Saturday of the month.  The meetings are held at the Antler Inn.

 

In closing, I would like to encourage everyone to attend the Union and Unit meetings to find out what the current issues are as well as to let us know what is going on in your area.

 

Fraternally,

Charlie

 

New Members

 

Marcus Benz, Colte Russell, Eddie Brister, Joshua Nugent, Cody Little, Kenneth Gliddon, Luke Wicht, Kevin Nelson,  Nathan Curtis, Brian Anderson, Douglas Roberts, Ivan Martinez, Cade Roberts, Juston Wadsworth, Charles Failes, Jake Hould, Shannon Hovey, Andrew Curtis, Ryan Falber, Wyatt Schrank, Harley Speed, Kaden Harris, Andrew Spalt, Matthew Morgan, Ronald Manning, Robert Stanley, Perry Flinchum, Jacob Stewart, Cory Mahana, Zachary Zamora, James Allen, Douglas Cooley, Eon Rose, Troy Meier, Adam Gillenberg, Gabe Torres, John Borger

 

Welcome to Local Union 322!

 

 

Eighth District Electrical

Pension Fund Annuity Plan

 

The following changes have been made to the Rules and Regulations of the Eighth District Electrical Pension Fund Annuity Plan:

 

Effective August 23, 2006 Article 5.01 (c) of the plan has been amended to allow a Participant who is at least age 55 to receive a total distribution of his account after he has terminated Covered Employment without having to wait for three consecutive months without contributions to the Plan.

 

Effective December 1, 2006, Article 4 was amended to add a new Section 4.16 entitled “Catch-Up Contributions”:

 

Section 4.16 Catch-Up Contributions.  Effective December 1, 2006, a Participant who is over age 50 shall be permitted to make catch-up contributions to the Plan in the amount of $5,000.00.  This amount shall be increased by $500.00 each year beginning in 2007 through 2010.  Catch-Up contributions are not subject to the maximum annual additional limitations or annual limits on cash or deferred wage contributions to the Plan as otherwise provided in this Plan.

 

 

 

Eighth District Pension News

 

Effective April 1, 2007 the Eighth District Pension multiplier will decrease from 3.1% to 2.3%.  The decrease will enable the plan to become fully funded in the near future.  When the fund is at 105%, with the advice from the consultants, the multiplier will increase 1/10 of 1% per year, as long as the fund is in sound shape.  This does not affect the current retirees.

 

 

 

 

 

Eighth District Electrical Benefit Fund

 

The Eighth District Electrical Benefit Fund has sent out new Summary Plan Description Booklets.  They will soon be sending out new Identification Cards for all members.

 

 

 

 

 

Casper Rockies Tickets

 

The Casper Rockies Baseball tickets will be available soon at the Hall.  Call the Local Union office if you are interested in attending the games.

 

 

 

 

Wyoming Cavalry Tickets

 

The Wyoming Cavalry tickets are available at the Hall. There is a

limit of two tickets per member per game.  We would like to make sure that everyone gets a chance to see a game.  Please call the hall if you are interested.

 

 

 

Close Window