Vol. 3, No. 1, 2007 Page 6
GRADUATING CLASS
NEW BARTENDERS
FEBRUARY 3, 2006 • Instructor - Paul Femia
Alfonso Arce, Sam Armato, Abraham Cabello, Jesse Cimino,
Pilar Duarte, John Ferriter, Manuel Garcia, Eugene Giblin,
Hadiza Sadiz-Gines, Patricia Giromini, Burkan Hamawi,
Angel Miguel Lagos, Cindy Maloney, Simeon Mihalche,
William Napier, Michael Ogazou, Darrell Orr, Kathy Paul,
Caesar Pulido, Ricco Quintero, Mario Ruiz, Tadashi Ruiz,
Edward Ryan, Steve Stewart, Giai Tat, Dale Stephen Torres,
Alex Soto Vega, Lance Voth
CULINARY AND BARTENDERS PENSION STANDS OUT |
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When compared to similar size plans, the Culinary and Bartenders Union Pension Plan rates high. Our plan has a higher benefit level compared to the employer contribution rate than most multi-employer pension plans. That means our plan gets more bang for the buck! Many other traditional pension plans aren’t faring as well. The Culinary and Bartenders Pension is also well funded, unlike many plans that have run into trouble in recent years. Many employers are trying to get rid of their pension obligations in favor of a 401(k) because they are cheaper. With our pension, the casinos pay the total cost and are responsible to see that promised lifetime benefits are paid. With a 401(k), workers pay most of the cost of their retirement. People are living longer too and 401(k) savings are not guaranteed to last a lifetime. Pension benefits are guaranteed to last a lifetime by both the contributing employers and the Federal Government. You can check your benefits and get pension information on the web at: www.herelocal165.org |
The Bartenders Union sponsors a 401(k) plan as a supplement to the Pension. The Union’s 401(k) has a wide variety of investment options and is a great way to save extra money for retirement. Contributing to a 401(k) also saves you money on your taxes. For more information about the Union plan call Investment Management Consultants (IMC) at (702) 889-6285, or email: imcgarymiller@lvcm.com. |