IBEW 1245
  • Main Menu
    ▼
    • Our Union
      ▼
      • Merchandise
      • New Members
      • Structure
      • Bylaws
      • History
      • Obituaries
      • Our Employers
      • Members at Work: Photo Slideshow
      • Find a Job
      • Update Your Contact Information
    • Unit Meetings & Events
      ▼
      • Events
      • Unit Meetings
    • Agreements
    • Education
      ▼
      • JATC Classes
      • Scholarships
      • Tuition Reimbursement
      • First Aid & CPR Training
    • Update Your Info & Pay Dues Online
    • Contact Us
  • Sections
    ▼
    • 1245 News
    • PG&E
    • Outside Construction
    • Nevada
    • Manufacturing
    • Public Sector
    • Vegetation Management
    • Safety
  • Quick Links
    ▼
    • COVID-19 News Center
    • Benefits
    • PG&E Contract Section Index
    • Latest News
    • Find Your Rep
    • Unit Meetings
    • Organize
    • Calendar
    • Library
    • Stewards
    • Retirees
    • Community

IBEW1245

The power is in our hands

PAY YOUR DUES ONLINE
NEWS-NEVADA

Pension Conversion Calculations

May 24, 2010

Note: The following message is addressed to all IBEW Local 1245 members at NV Energy.

Brothers & Sisters,

As you may have seen, the Company is challenging several of our computations on the relative value of the Company’s proposed cash balance account plan.

These computations were intended to show the impact of the Company’s proposed cash balance plan on your retirement benefit, whether positive or negative. The values are estimates based on demographics and wage information provided by NV Energy.

We have had the Union’s independent actuary review the company objections and he stands by his calculations.   If you have any questions about how we arrived at your value, please don’t hesitate to contact the Union at organizingsppc@ibew1245.com. We will gladly correct any error that we made, but to date we do not believe that we have made errors in our computations, using the information provided by the Company.

Randy Osborn, Business Representative

  • Nevada News
  • IBEW 1245 in Nevada
  • IBEW 1245 at NV Energy
  • Find Your Agreement
  • Retirees Club
  • Contact
  • Privacy Policy
  • Terms of Service

© 2023 IBEW Local 1245 - Responsive WordPress Website by HyperArts