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See How Much Your Benefits Make a Difference
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Updated On: Jul 11, 2007 (20:26:00)
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A Look at the IATSE Local 122 Benefit Package
Let's take a look at each of the IATSE Local 122 benefits and what it could mean to you.
The following examples use a $40,000 yearly income to calculate each benefit. This amount will vary for each individual, and these amounts have historically increased with each new contract.
The 10% Pension Benefit
|
Age |
Years Worked |
Benefit Earned Each Month |
Monthly Benefit @ Age 62
|
Yearly Benefit @ Age 62 |
| Union |
42 |
20 |
$333.00 |
$2,420.00 |
$29,040.00
|
| Non-Union |
42 |
20 |
$0.00
|
$0.00 |
$0.00 |
|
Age
|
Years Worked
|
Benefit Earned Each Month
|
Monthly Benefit @ Age 62
|
Yearly Benefit @ Age 62
|
| Union |
32
|
30
|
$333.00
|
$3,630.00
|
$43,560.00
|
| Non-Union |
32
|
30
|
$0.00
|
$0.00
|
$0.00
|
|
Age |
Years Worked |
Benefit Earned Each Month |
Monthly Benefit @ Age 62
|
Yearly Benefit @ Age 62 |
| Union |
22 |
40 |
$333.00 |
$4,840.00 |
$58,080.00
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| Non-Union |
22 |
40 |
$0.00
|
$0.00 |
$0.00 |
The 2% Vacation Benefit
|
Age |
Years Worked |
Vacation Earned Each Year
|
Total Vacation Earned @ Age 62
|
| Union |
42 |
20 |
$800.00
|
$16,000.00 |
| Non-Union |
42 |
20 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
Vacation Earned Each Year
|
Total Vacation Earned @ Age 62
|
| Union |
32 |
30 |
$800.00
|
$24,000.00 |
| Non-Union |
32 |
30 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
Vacation Earned Each Year
|
Total Vacation Earned @ Age 62
|
| Union |
22 |
40 |
$800.00
|
$32,000.00 |
| Non-Union |
22 |
40 |
$0.00
|
$0.00 |
The 9% Health & Welfare Benefit
|
Age |
Years Worked |
H&W Contributions Each Year |
Total H&W Contributions @ Age 62 |
| Union |
42 |
20 |
$3,600.00 |
$72,000.00 |
| Non-Union |
42 |
20 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
H&W Contributions Each Year |
Total H&W Contributions @ Age 62 |
| Union |
32 |
30 |
$3,600.00 |
$108,000.00
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| Non-Union |
32 |
30 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
H&W Contributions Each Year |
Total H&W Contributions @ Age 62 |
| Union |
22 |
40 |
$3,600.00 |
$144,000.00 |
| Non-Union |
22 |
40 |
$0.00
|
$0.00 |
The 4% Annuity Benefit
|
Age |
Years Worked |
Annuity Contributions Each Year |
Total Annuity @ Age 62 |
| Union |
42 |
20 |
$1,600.00 |
$59,692.00
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| Non-Union |
42 |
20 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
Annuity Contributions Each Year |
Total Annuity @ Age 62 |
| Union |
32 |
30 |
$1,600.00 |
$125,960.00 |
| Non-Union |
32 |
30 |
$0.00
|
$0.00 |
|
Age |
Years Worked |
Annuity Contributions Each Year |
Total Annuity @ Age 62 |
| Union |
22 |
40 |
$1,600.00 |
$226,307.00
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| Non-Union |
22 |
40 |
$0.00
|
$0.00 |
THE TOTAL BENEFIT PLAN
|
Age |
Years Worked |
Total Benefits Paid Each Year |
Total Benefits Paid By Employer |
| Union |
42 |
20 |
$10,000.00 |
$200,000.00 |
| Non-Union |
42 |
20 |
$0.00
|
$0.00 |
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Age |
Years Worked |
Total Benefits Paid Each Year |
Total Benefits Paid By Employer |
| Union |
37 |
25 |
$10,000.00 |
$250,000.00 |
| Non-Union |
37 |
25 |
$0.00
|
$0.00 |
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Age |
Years Worked |
Total Benefits Paid Each Year |
Total Benefits Paid By Employer |
| Union |
27 |
35 |
$10,000.00 |
$350,000.00 |
| Non-Union |
27 |
35 |
$0.00
|
$0.00 |
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Age |
Years Worked |
Total Benefits Paid Each Year |
Total Benefits Paid By Employer |
| Union |
22 |
40 |
$10,000.00 |
$400,000.00 |
| Non-Union |
22 |
40 |
$0.00
|
$0.00 |
IT’S YOUR CHOICE!
NON-UNION with 0% Benefits
or
* UNION with 25% Benefits
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| Organize
Today |
Learn
more about organizing your workplace!
Click Here |
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| Action
Center |
IATSE Distric 2
District 2 of the I.A.T.S.E. represents Local IA Unions in Arizona, California, Hawaii and Nevada - reflecting approximately 37,000 members |
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Local Jobs First
Support the effort to make sure the Gaylord Convention Center in Chula Vista uses local union labor to ensure a safe and professional environment that supports the people of San Diego county. |
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San Diego AFL-CIO
The San Diego-Imperial Counties Labor Council is a central body affiliate of the AFL-CIO. |
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Good Jobs First
Good Jobs First is a national policy resource center promoting corporate and government accountability in economic development and smart growth for working families. |
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