Uncategorized

If You Are Thinking About Retirement

If you are thinking about retiring and drawing a LUMP SUM in the VERY near future, then you need to read the following information about the effect of interest rates on the amount that you are entitled to.

 

2019 Interest Rates & Lump Sums

 

For 2019, the interest rate is increasing, which result in lower lump sum payments than you could have seen in 2018. We have seen the interest rate increase over the years but this year (2019) we also had a change to the mortality table which has had a dramatic effect on Lump Sums. The interest rate only applies to LUMP SUMS; it does not have any affect on the monthly annuity options. For some, you will see a 5% to 6% lower lump sum in 2019.

What you need to do if you were considering retirement in early 2019 and considering a LUMP SUM option:

  • Run a pension estimate on the portal for retirement date of 11/1/2018
  • Run a pension estimate on the portal for retirement date of 1/1/2018

To keep this as simple as possible, I would stress that if you are age 60 or older, considering retirement in the beginning of 2019, and if you are considering the lump sum option, you need to get your estimates ASAP and look at your numbers and how the new interest rate may affect you. Although we realize this is very short notice, if you want to discuss your options or start the retirement process, please call the Goodyear Associate Center at 1-844-449-4772 or the Union Hall to make an appointment with Linwood Kendrick AS SOON AS POSSIBLE.

Linwood can be reached at the Union Hall (910) 822-1751

Email: linwood.kendrick@uswlocal959.com

Disaster Relief From UNION PLUS And Others

Have you, or a union member you know, been affected by the recent flooding in North Carolina?

Union Plus Disaster Relief Grants of $500 are available to eligible members who have a Union Plus Credit Card2, Union Plus Life or Accidental Death Insurance, Union Plus Auto Insurance, or Union Plus Mortgage.

The money does not have to be repaid. Please share this information, and click below for more Information

https://www.unionplus.org/hardship-help/disaster-relief-grants

Also,  Here is contact information for the following:

  • FEMA Disasterassistance.gov or 1-800-6213362
  • Red Cross 1-800-768-8048
  • Cumberland County Social Services 1-866-719-0141

 

 

 

 

 

North Carolina Workers Relief Fund

 

Relief Flyer

We have been asked for our help by the North Carolina AFL-CIO to both identify Union workers who need help and to donate and/or give of ourselves to help those working Union families in need.  Please help in whatever way you can.

The NC AFL-CIO is surveying the needs of impacted working union families affected by Hurricane Florence. Please fill out the link to the survey below in order to receive aid from our relief funds and resources. You may also donate to our Workers Relief Fund by visiting the link below.

Funds collected by the North Carolina AFL-CIO will be used to assist union members and their communities affected by the hurricane.

While we cannot make anyone whole, donating to the North Carolina Workers Relief Fund sends a message of solidarity and the knowledge that working people affected by this disaster are supported by Brothers and Sisters across the nation.

If you would like to send a check, make checks payable to NC State AFL-CIO with “NC Workers Relief Fund” on the memo line and send to:

Attn: NC Workers Relief Fund

NC State AFL-CIO

PO Box 10805

Raleigh, NC 27605

Relief Need Survey

Donate to the North Carolina Workers Relief Fund

 

NC AFL

The North Carolina Workers Relief Fund is administered by the North Carolina State AFL-CIO, a 501(c)5 non-profit, and, as such, donations to the Fund are *not* tax deductible. Funds collected by the North Carolina AFL-CIO will be used to assist union members and their communities affected by the hurricane. The North Carolina State AFL-CIO is the largest association of unions of working people in North Carolina, representing a hundred and forty-five thousand members, working together for good jobs, safe workplaces, workers rights, consumer protections, and quality public services on behalf of ALL working people. Learn more at www.aflcionc.org

 

Download Flyer

Labor Day Picnic

The Local 959 Labor Day Picnic will be held at the Union Hall on Monday, September 3rd from 10 a.m. to 5 p.m. Food will be served from 11 a.m. to 3 p.m and rides will run from 11 a.m. to 4 p.m.

Parking is at the Goodyear Associate Parking Lot and shuttle service will be provided for MEMBERS and their Family.

2018 Labor Day Picnic.jpg