April 12, 2012

Brothers and Sisters of Local #18,

Today the delegates you elected to the International Union of Elevator Constructors 2011 Convention reviewed, discussed & unanimously ratified the proposed contract that will run from July 9, 2012 – July 8, 2017. Brothers & Sisters as this does guarantee a contract between NEBA & the International Union of Elevator Constructor, remember this does not guarantee a job!

Spend your money wisely and always be able to cover your expense for a six month period minimum. The agreement is not a green light to put yourself in debt. Remember the one with the most money in the bank, has a less stressful life!

                                                                                                                                            Your delegates to the convention thank you for electing them to represent you.

                                                                                                                                                                                                                                         The Delegates

Brothers and Sisters as of March 2 2012 the IUEC and NEBA have signed a tentative agreement. We do not have the details yet, and we will not have the specifics for a week or two. We will be discussing the contract at the March Union meeting in your area. I want to make sure that we all understand that this is a tentative agreement, it is still subject to ratification by the delegates that you elected to the convention, it is not a done deal this is one step in the process.

The rumor mill is rolling out there make sure that you stay informed, come to one of the March meetings and find out the facts and how they relate to you. If you want to learn more about the next step in the process go to the message boards and read about it. Brothers and Sisters i want to reiterate we do not have a signed contract yet, the process will take several more weeks at a minimum, stay tuned here and we will bring you updates when we get them. In the mean time head to one of the March area Union Meetings.

We all would like to thanks the labor committee for all their hard work.

 Section IV B. of the Local Expense agreement." Elevator constructors working in Zone 4 shall recieve per diem for each day worked and, for paid holidays which fall during the normal week. Where work continues on the same jobsite during the following week, elevator constructors will recieve the per diem for Saturday and Sunday." I reall do not know how to make it any simpler. Turn in for it and if you do not recieve the pay call the hall. You can copy this page and bring it into your office with you. Remember it is your contract and that you must turn in for the pay in order to get paid.

Brothers and Sister,

Please view this short video.

Thanks, Mario

The Benefit Plan has informed us that the IRS has increased the 401(k) Contribution Limit from $16,500 to $17,000 for the year 2012. The catch up contribution (for those participants that are turning age 50 or older in 2012 remains unchanged at $5,500. Attached please find MassMutual’s update communication on various limits. I have highlighted the two limits described above.

Please note that these limits are for 401(k) deferrals only. The annuity contributions are not factored into these numbers.