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has provided valuable retirement benefits for members of the International Association of Machinists and Aerospace Workers and their families since 1960.
The IAM National Pension Fund provides participants with a defined-benefit pension plan for their retirement.
While defined-benefit plans were prominent in the past, unfortunately only 12.2 percent of private-sector workers last year said they had access to a defined-benefit plan like the IAM National Pension Fund. These benefits fortify a crucial part of the three-legged stool of American retirement consisting of Social Security, employee pensions, and personal savings.