Over the last year, it has come to my attention that Organized Labor is under attack by right- winged legislators who have unleashed radical legislation upon the American electorate designed to gut Collective Bargaining rights and attack the middle class. Workers are demanding better living wages, but it has come under assault because of a plan funded by Corporate America, that is also being pushed by some politicians, to take America in the opposite direction with Right-to-Work laws. Workers in Right-to-Work states earn 12% less and have the worst healthcare and retirement benefits than workers who live in non-Right-to-Work states. This is wrong! Right-to-Work campaigns are simply bad for workers.
Did you know that Labor Unions made possible many of the improvements we enjoy in the workplace today? These benefits are taken for granted, but if it wasn't for the Labor Movement, many of these benefits and laws would not be the standard that workers enjoy today. The Labor Movement's efforts include Weekends without work, all breaks at work including Lunch Breaks, Paid Vacation, Holidays, Sick Leave, Family and Medical Leave Act [FMLA], Social Security, Minimum Wage, Civil Rights Act/TITLE VII - (prohibits employer discrimination), 8-Hour Work Days, Overtime Pay, Child Labor Laws, Occupational Safety and Health Act (OSHA), 40-Hour Work Week, Workers' Compensation (Workers Comp), Unemployment Insurance, Pensions, Workplace Safety Standards and Regulations, Employer Healthcare, Dental, Vision and Life Insurance, Collective Bargaining rights for employees, Wrongful Termination Laws, Age Discrimination in Employment Act of 1967 (ADEA), Whistleblower Protection Laws, Employee Polygraph Protection Laws, Veterans Employment and Training Services (VETS), Sexual Harassment Laws, American with Disabilities Act (ADA), Military Leave, the Right to Strike, Public Education for children, Equal Pay Acts of 1963 and 2011 (requiring employers to pay men and women equally for the same amount of work), and laws ending sweatshops in the United States. Unions continue to fight for the rights and protection of workers at both the state and federal level.
Today, we find it more difficult to negotiate contracts that provide fully- paid Health Insurance and Retirement Benefits for our members while improving wages and other fringe benefits.
It is important that our members understand that the NOITU Individual Account Plan (NOITU lAP) provides you with a feature that allows members to save for their retirement on a tax deferral basis. To live comfortably in retirement, you will need to save; NOITU IAP ALLOWS YOU TO START SAVING AS LITTLE AS $10.00 per paycheck. A small amount of money can produce a massive amount of wealth over time.
It used to be that people didn't worry about saving for later years because many had pensions. Most experts expect Social Security benefits will be lower in the future. Now is the time to start saving in your NOITU lAP. It's the easiest way to save money for your retirement. It can be automatically deducted PRE-TAX from your paycheck. Start small by contributing 1% of your pay or putting half of your next raise into your NOITU lAP account. If more than the 1% contribution hurts, then stay at that 1% level until it does not hurt anymore. NOITU lAP offers many investment options and a simple test is provided to help you determine which investment option will best suit your personal investment profile. Please feel free to contact your representative with any questions you may have regarding how to get started in saving for your retirement.
In this issue, you will find the 2015 Scholarship Application for your dependent children who are graduating High School this year, and planning to attend college this fall. I am happy to report in 2014, we awarded 18 scholarships to deserving students.
Wishing you all a safe and enjoyable Summer!!!