Shaun Reinoehl Union Activist of the year
About SMW 20

The International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART) serves to protect and raise the living standards of over 150,000 skilled men and women employed throughout the United States, Canada and Puerto Rico.  We work in the construction, manufacturing, service, railroad and shipyard industries.

SMART strives to establish and maintain desirable working conditions for its members through their employers.  Doing so provides them that measure of comfort, happiness, and security to which every member is entitled to in return for his or her highly trained and skilled labor.


 

A message from

SMART General President Joseph Sellers Jr.


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The University of Notre Dame created this video to show at the 2018 Indiana State Building and Construction Trades Council Convention

 


Photo Gallery

 

Brothers and sisters, we need your voice. This is about your retirement.

The background: while many of the multi-employer pension plans -- like those associated with SMART -- have stabilized following the financial crisis, a minority of plans -- covering about one million total participants -- face serious funding problems and could run out of money within the next 15 to 20 years. Additionally, the Pension Benefit Guaranty Corporation (PBGC) -- basically the safety valve for troubled plans -- expects its multi-employer insurance program to run out of money within a decade.

It's daunting stuff. It's something our SMART family made great sacrifices to resolve in our house years ago.

Recently, a Joint Select Committee of Congress was formed to find solutions to assist those troubled plans and to address the PBGC funding crisis. The committee met with the goal of having these issues resolved by November 30th of this year.

While committee discussions continue, a draft plan has been circulated that punishes multi-employer pension plans, like ours, that took necessary steps years ago to address the long term solvency of retirement benefits for members.

Plan participants were asked to make great sacrifices for the sake of solvency. Those sacrifices will be ignored if this congressional committee moves forward with the current draft, as plans such as ours could be asked to underwrite the financial shortfalls of other plans.

Click here to email your legislators:https://actionnetwork.org/letters/protect-our-pensions-2/

The text the Word PENSIONS to 21333 and you will be patched through to your congressional office where you can make sure your voice is heard loud and clear.

 

 


 

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