Retiree Pension Issue Update May 12, 2021:
Once again some retirees had a double insurance premium deduction from their pension for May. This ongoing issue has been raised up to Collins and RTX Corporate level. The Company stated, “retirees that were impacted will see a $0 deduction from their June pension to counterbalance the double deduction in May. Refunds for the April double deduction are in progress and retirees should be receiving them soon”.
April 7, 2021 Update: As many of you are aware there was a recent Pension Issue that impacted several retirees. The Company took out a double insurance premium deduction from their pension. The Company is aware of the issue and has notified us that Prudential is reviewing all of those that were impacted by this double deduction. They have stated that they will be issuing a refund after their review. We do not have a timeline for these refunds, but have requested them to be expedited.
In Solidarity,
Michael Fishe – Local 592 Recording Secretary/Insurance Steward
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Employee Assistance Program – Jeff McCullough Contact # (815) 985-1058
