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Local 2409 Microsite
News
Retirees' Report6/18/2008
Brothers - I am sure your have heard about GE wanting to sell the appliance industry. I really don't have any news to tell you accept what you have read in the paper and other news reports. Needless to say morale is in the toilet. No news yet on who the new owner might be or wages, benefits, vacation, etc. We won't know what that is until the new owner negotiates it with GE.
The last I heard Stauble is down to 9 employees with 1 toolmaker.
Fraternally - Ed
RETIREES' COMMITTEE REPORT
Lost a stock certificate or federal bond? For federal bonds, go to www.treasurydirect.gov and fill out Form 1048 - there is no cost to replace a savings bond and a variable cost for Treasury bonds. For a corporate stock, contact one of the transfer agents that handle most corporate records - Computershare, 781-575-2000; Wells Fargo Shareowner Services, 800-468-9716; American Stock Transfer & Trust Company, 800-937-5449; the transfer agent will ask for a surety bond, which indemnifies the agent. The cost usually is 2% to 3% of the stock's market value.
Volunteering creates a sense of belonging and can relieve depression and chronic pain and reduce risk for heart attack and stroke. To find an opportunity: Check at your house of worship, or with www.Volunteermatch.org.
http://national.unitedway.org/volunteer. Or www.redcross.org/services/volunteer
A retired couple's health costs will total $225,000 if both spouses are 65 years old now. That assumes no employer-sponsored retiree health care and life expectancies of 17 more years for a male and 20 more for a female. It includes Medicare premiums, co-payments and deductibles, as well as out-of-pocket drug costs.
Respectfully submitted,
Brad Cecil, Chairman
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Last modified: 2/18/2010
Copyright 1996-2001, The International Association of Machinists and Aerospace Workers |
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