“They have demonstrated the dedication and leadership that
our Local requires. They have always provided sound counsel, support, and frank
discussion on matters involving the members, contract negotiations and our
Local.“
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.