No back benefits in court case against ex-UMOA/MEBA Licensed Deck Officers vs. MEBA Plans
…. Regulations were modified via agreement between Keystone and MEBA incorporating the pension credit terms of the Merger Agreement. Jordan has plausibly alleged that the Trustees abused their discretion in denying him the pension credit. I will deny the Motion.
Let’s keep it on track, emotions are high. OSG deck officers are mad and upset at how the company has and continues to treat them. It is unacceptable and we owe it to them to keep this tread on track as they continue their fight for representation.
I miss that 6.6%. Now its 1% until you reach year 4. Then its 2%, etc. The age/time based plan was better for the majority. Assuming you had nothing in your favor under the old plan, the breakeven point is after 20+ years sailing. I shouldn’t be too upset, they bargained a 1% and >1% raise the last 2 years for me.