UPDATE 25 JAN 02 - BOEING SECURITIES CLASS ACTION SETTLEMENT AND A FEW DETAILS OF INTEREST TO BOEING AND MDC EMPLOYEES IN THE 401K PLANS [ 1997] [H]

UPDATE 27 JAN 02 - BOEING SETTLEMENT IN 2000 FOR USING VIP $ FLOAT [J]

Minor update 3 Oct 02
 
 

 Ref Links 96Acturial  GENERICPLOT-SAWTOOTH

Welcome to my home page
       My name is Donald Shuper

If you are a BOEING employee, retiree, or about to retire - you may find this page of intrest.

I am a retired Boeing Engineer (1995 ) . I support A COLA FOR THE PENSION PLANS

I am a retired member of SPEEA. I belong to BRL (Boeing Retirees on the Line ), an organization open to ALL Boeing retirees- IAM, SPEEA, Management, Office and others.

SEPT 19th - Several new issues added

A) Read the full text [90 pages ] of the Judges findings and orders in Milsap v McDonnell Douglas and the Closure of the Tulsa Plant,in 1993,

This is large pdf file 2.7MB and will take some time to download . It is rare that a federal judge labels a CEO [ John McDonnell ] as being untruthful and fostering a corporate culture of mendacity. page 74.
 
 

**AUGUST 18 2001 NEW SECTION ON COUNTERVAILING DUTIES [ CVD ]PETITION TO BE FILED BY SPEEA.

1) ABOUT CVD

2) SPEEA MOTION ON CVD WHICH PASSED ON AUG 9TH

3) POSITION PAPER ON CVD

4) BLANK CVD PETITION - WILL BE REPLACE WITH COPY AS FILED..

25 MAY 2001- MY proposal received 8.72 % of votes cast. I'll be back next year
 

ASK NOW about your PVP

(A) So why should employees vote FOR # 7 ?

(B) Statement of Norman P. Stein on Cash Balance Plans - THE BEST EXPLANATION YOU"LL FIND

(C) MY 2001 SHAREHOLDER PROPOSAL - Includes links to Boeing objections ,my rebuttal, SEC response.,BA BOD initial and final objections.

(D) Links to BA proxy and Dow Jones article and South County Journal

(E) A few proposal issues and notes

(F) Suggestions as to how to check on YOUR pension and get FACTS.

(G) Read what actuaries say about cash-Balance Plans

(H) BOEING SECURITIES CLASS ACTION RESULTS

(J) BOEING SETTLEMENT WITH DOL OVER VIP FLOAT 1995-97

1 ) EVERYBODY can request a benefit estimate annually !! GO TO ANOTHER GOOF - Jan 1998

2) ) CAN Boeing change, reduce, or eliminate yourHEALTH BENEFITS

3) Pension Computations DENIALAPPEALFINAL ANSWER APRIL 31, 98

4) Would Boeing Change your Medical coverage ? - GM Retirees didn't belive it either. GMSNOOZE

5) Retirement -- RetirementChoices

6) We'll look into it . . .LookIntoit

7) - PENSION DATA --- 25 MAY 99

Remember that ALL Boeing Plans, PENSION , VIP, and FSP are covered by the same set of regulations - ERISA
ERISA stands for the Employees Retirement and Income Security Act of 1974. ERISA gives you certain rights.

I asked Boeing in July-Aug 1997 for some information about the retirement plan, and how my benefits were calculated. The responses were confused and misleading. After 15 months of jousting with Boeing, I firmly believe there are severe problems with the administration of all the Boeing Plan(s).

Unfortunately, Boeing has been less than up front about how your benefits are really calculated, and how to get the information you need.

My DENIAL    APPEAL      FINAL ANSWER

The U.S.Senate and the Department of Labor are trying to get people to pay attention and understand their pension plan. Look up Senator Grassley and S1185 REFLINKS

Unless YOU understand the current plan, how can YOU possibly determine the quality of the "new and improved" plan.

Whether you are hourly or exempt, your negotiators may not be aware of your concerns .

I hope to change that.

Because only YOU can help yourselves, and in the process help to protect my benefits. Unions cannot negotiate for retirees. While your basic pension pay cannot ever be cut, your medical benefits CAN be significantly reduced if you do not have a contract. . Your benefits (and indirectly mine) are only as good as the last contract.

PENSION PLAN

My analysis and description of the Credited Service Problem is the result of months of research, written Boeing responses to myself and others, discussions with the Dept of Labor and persons knowledgeable about ERISA. There are several other significant problems related to company administration and decisions about the pension plan, which are not discussed here. I am focusing on the Credited Service issue because it is generic to current employees and retirees.

Will your benefits be more, less, or the same ? How will you be able to tell ?

Can you rely on phone answers or " payroll procedures" answers to these and similar questions ?

Do you know how unused vacation, sick leave hours, and overtime hours worked in the year of your retirement affect your pension ? Read FINAL ANSWER to my appeal.

Did you know once every 12 months you can request a written estimate ? 93SPD4-22.html

TERMS

ERISA - Employee Retirement and Income Security Act - Passed by congress in 1974-1976. Establishes minimum requirements. Details are in the SPD.

SPD - Summary Plan Description/Document. This is the booklet given to all employees about your Pension Plan. It is a document required by ERISA.

" The summary plan description shall be written in a manner calculated to be understood by the average plan participant and shall be sufficiently comprehensive to apprise the plan's participants and beneficiaries of their rights and obligations under the plan."

" The format of the summary plan description must not have the effect to misleading, misinforming or failing to inform participants and beneficiaries "

PLAN DOCUMENT - Employee Retirement Plan / Document. This booklet is made available by Boeing on request. It contains a lot of details about the retirement plan. It contains all the " fine print " It is a document required by the IRS for determination of tax status. It is NOT required by ERISA.