Mission of CORRE
The mission of CORRE is to work for improvement in
the administration and distribution of funds and pensions from the
pension plan of the operating contractors of Oak Ridge.
Principles of Administration of Pension Funds by Oak
Ridge DOE Operating Contractors
Principles for administration of the pension funds of
the Oak Ridge operating contractors of DOE have been approved by the
CORRE Board of Directors. The following is the preamble to
the principles document:
The following Principles have been adopted by
CORRE as those that are fair, reasonable, and ethical to guide the
administration and management of the Pension Fund by the current Oak
Ridge Contractors, BWTX and UT-Battelle, in meeting the retirement
benefits commitment to current and future retirees from Oak Ridge
facilities.
For the text of the entire document,
click here. Principles
Document
Present Goals
We are
working with BWXT, administrator of the pension fund and UT-Battelle,
as well as DOE and others in government to achieve the following goals:
1. No
"raiding" of the Pension Fund for any purpose.
2. A
minimum monthly pension of $600 for retirees who have more than 20
years company service credit.
3. An
annual COLA to pensions in order to partially correct for inflation.
4.
National parity in DOE contractor pension benefits with no regional
discrimination.
5.
Correction of discriminatory decisions negatively affecting those
retiring between April 1, 1998 and April 1, 2001.
6.
Elimination of arbitrary caps on pensions for calculating adjustments.
7. CORRE
representation on the Contractor Pension Committee and access to
pension fund financial records, transactions, and independent audits.
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