|
For years Nissan has tried to convince us that our Nissan Pension Plan was
equal to, or even better than the UAW negotiated auto industry pensions.
Sadly, many Nissan workers believed that story only to find out that the
good pensions promised by Nissan didn't measure up when it was time to
retire. Let's look at the numbers:
|
Compare:
Monthly Retirement Benefits now, with the following years of
service |
|
|
25 years |
30 years |
35 years |
|
Nissan Technician |
$833/month |
$1,000/month |
$1,000/month |
|
UAW-NUMMI (Toyota) Technician |
$1,081/month |
$1,298/month |
$1,514/month |
|
UAW Difference: |
+$248/month
+2,976
per year |
+$298/month
+$3,576
per year |
+$514/month
+$6,168
per year |
FACT: UAW defined benefit plans provide a 30 & out benefit. Nissan
doesn't. The difference can be HUGE.
|
Compare:
Monthly benefits starting at age 25 and retiring at age 55 after
30 years of Service |
|
|
UAW Big 3
Technician |
UAW NUMMI (Toyota) Technician |
Nissan Technician |
|
Basic Benefit |
$1,350/month |
$1,298/month |
$1,000/month |
|
Early Retirement Penalty |
$0 |
$0 |
($280) 28% reduction |
|
Big 3
Retirement supplement |
$1,250 |
N/a |
N/a |
|
Total Monthly Benefits |
$2,600/month |
$1,298/month |
$720/month |
|
Total Annual Benefits |
$31,200 |
$15,576 |
$8,640 |
FACT:
UAW defined benefit pension plans provide higher benefits than Nissan's
plan. And the benefits are GUARANTEED by a contract. If
you want to see what Nissan guarantees us in writing, check out page 4 in
the Nissan Benefits Book. You owe it to yourself, and your family to seek
the truth.
|
