Posted:
May 31, 2011
A total of 36 AMO-contracted employers have signed the documents required for their participation in the new AMO Defined Contribution Plan. Only one AMO-contracted employer - Lake Michigan Carferry/Pere Marquette - has yet to sign documents required for participation in the new AMO Defined Contribution Plan.
The failure of this lone employer to sign the required documents continues to needlessly delay deposits into the individual Defined Contribution Plan retirement accounts of American Maritime Officers members working for the company.
Lake Michigan Carferry/Pere Marquette needs to sign the AMO Defined Contribution Plan Memorandum of Understanding (MOU) and Trust Documents so its man-day contributions to the AMO Plans can be appropriately directed to the individual DC Plan accounts of the AMO members working aboard its vessels.
AMO National President Tom Bethel has now taken the principal role in actively pursuing Lake Michigan Carferry/Pere Marquette to secure the required signatures on the AMO DC Plan MOU and Trust Documents. The membership will be kept informed of developments with this issue.
As Lake Michigan Carferry/Pere Marquette stalls, some American Maritime Officers members await initial deposits into AMO DC Plan retirement accounts
A total of 36 AMO-contracted employers have signed the documents required for their participation in the new AMO Defined Contribution Plan. Only one AMO-contracted employer - Lake Michigan Carferry/Pere Marquette - has yet to sign documents required for participation in the new AMO Defined Contribution Plan.
The failure of this lone employer to sign the required documents continues to needlessly delay deposits into the individual Defined Contribution Plan retirement accounts of American Maritime Officers members working for the company.
Lake Michigan Carferry/Pere Marquette needs to sign the AMO Defined Contribution Plan Memorandum of Understanding (MOU) and Trust Documents so its man-day contributions to the AMO Plans can be appropriately directed to the individual DC Plan accounts of the AMO members working aboard its vessels.
AMO National President Tom Bethel has now taken the principal role in actively pursuing Lake Michigan Carferry/Pere Marquette to secure the required signatures on the AMO DC Plan MOU and Trust Documents. The membership will be kept informed of developments with this issue.