Wednesday, September 28, 2011

USA Severance Recertification- DO NOT DELAY

All USA employees laid off July 22 must recertify for remaining eligible weeks by Friday, September 30. This recertification is for those weeks you are eligible following the initial 10 weeks. If you do not recertify by Friday, you will lose those weeks. DO NOT DELAY. Recertification directions (Salmon colored pages) are in the out-processing packet you received at the NSLD. Should you require any assistance or have any questions, contact me at 321 446-7092.

Thursday, September 8, 2011

USA/IRS Letter

USA is required by federal regulations to keep all pension plan participants informed relative to the progress of plan termination. The recent letter from USA to pension plan participants regarding the filing with IRS for qualification determination of plan termination is an expected part of the process. USA is required to seek approval from the Pension Benefit Guarantee Corporation (PBGC is a federal government agency) and the IRS as part of the plan termination. This IRS letter was expected and hopefully indicates the process is closer to resolution.