Saturday, November 27, 2021
DISCLAIMER: Before I go too far into what I say, this could be all wrong, so take it with a grain of salt.
Withdrawal Liability, A Hidden Liability of Union Employers.
Withdrawal Liability is an Exit-Fee Triggered when an Employer Completely STOPS Contribution to a Union's Multi-Employer Defined Benefit (DB) Pension Plan - or when an employer reduces its annual contributions beyond certain percentages over time.
Withdrawal Liability is a creation of Statute and Subject to STRICT Enforcement, meaning there is very little subjective application to the process. Withdrawal Liability assessments are typically significant and can, and often do, exceed the million-dollar threshold, regardless of the fact that an employer may only contribute to the Union pension Plan on behalf of a small number of Union Employees.
So what does this mean for a union member that started a business, signed a union contract because it was the right thing to do. I have also paid all Union Benefit Obligation over the many years and owe no one. If the Union and the Pension Fund was under the classification as an Entertainment Fund, Entertainment Industry (means theater, motion picture, radio, television, sound or visual recording, music, and dance and such other entertainment activities as the corporation may determine to be appropriate) which they are not. Strange to have a stagehand union, not be an entertainment union. Local 720 supplies more convention labor than entertainment labor. May 720 should be called a Convention Union. Those Personal Service Contract (PSC) employers that have signed an IATSE Union contract in Las Vegas as I have, will find out that the Stagehands Union Pension Plan is not an Entertainment Plan. Because of this, everyone of the PSC contractors is subject to Withdrawal Liability Fees.
As an owner of a stagehand business providing stagehand labor for shows, events, conventions and 99% of all the stagehand union crews I use are temporary, on-call, or per job employees. All the employees I use also work for a group of union labor providers. One employee can have 15 W-forms at the end of each year.
What happened back in 1974 was the government wanted more control over the Private Pension Plans so Congress passed the Employer Retirement Income Security Act is known as (ERISA).
If a DB pension plan is not fully funded and has insufficient funding for its members through the member's retirement years, ERICA funding rules kick in and require the employers to make sure the funding is there through the life of those employees that worked for the company. This is Withdrawal Liability.
This all started because of Studebaker closing and the workers lost all benefits accrued during their employment. I don't understand how In-House Production (IHP) and the work, IHP does with on-call labor compare with Studebaker, but I guess it does.
Look for more in the coming future on Withdrawal Liability from IHP.
Monday, October 4, 2021
In-House Production (IHP) had a call from a client asking for 5,500 lbs of ballast weight. Under normal circumstances, this would be simple. IHP would deliver the weights, unload them with a forklift, and put them into place. This was not Normal.
|IHP's Base-Weights x 2|
The weights had to be on the second floor next to the pool. What we did is take a 3'x3'x2' tall, weights to the elevator one at a time. Using our pallet jack to move the 2,700-pound ballast into the elevator, we rolled the ballast into the elevator without sacrificing elevator load limits. We delivered the ballast to the pool area and then put them into place next to the pool.
Then we added the top plate and bolted the 2 ballast weights together to make one (1) 5,700-pound ballast. "WOW". This happens 4 times at all four corners. We gave the engineer the weight they ask for plus more.
Weights 2,700 each, bolt-down plate 308 pounds, swivel eye rates at 10,000 pounds, The plan worked.
Call us at 702-631-4748 or Email us at firstname.lastname@example.org for more information.
Friday, August 6, 2021
"WOW". I have to say that today was a very exciting day. The very first Zoom meeting with potential STARS customers. After seven (7) years in development and a countless amount of working personal hours, In-House Production is ready to show it to the world. THIS IS EXCITING...
Monday, July 19, 2021
In-House Production is glad to have those that want to keep learning and never stop training. Mr. Jeff Morgan and Mr. Ricardo Serrano Went to a 2 day CM Motor Class.
If you are in Las Vegas and need motor work, call In-House Production (IHP) and ask for one of the Talented Motor Guys. 702-631-4748 or email@example.com
Saturday, May 29, 2021
GIVE IN-HOUSE PRODUCTION (IHP) A CALL TODAY TO FIND OUT HOW IT CAN HELP YOUR LABOR BUSINESS. 702-631-4748 OR INFO@IHPLABOR.COM
Saturday, May 22, 2021
How do you install Audio Speakers or Lighting Instruments from Tree Trunk of any Size or Type of Tree? Is the use for Commercial or Residential applications? Give In-House Production (IHP) a call for your Custom Tree (Hugger) Hanger Frame
Friday, May 21, 2021
New App for the "STARS" Labor Management Program. Simplify your Crews Sign in and Sign-out operations by using their Smartphone(s). Not only can they Sign In or Out they can also bring up their Past Work History. Click on the name below for the VIDEO.
If you are looking to keep better track of your crews and their work time, give us a call as we can help with the "STARS" program and its NEW app. "STARS" Labor Management Program offers you or your company a simplified way when it comes to tracking LABOR.
Give us a call @
6620 W Arby Ave
Las Vegas, NV 89118
Thursday, January 21, 2021
Steel Cases that have several uses. (1) removable inter cradles can be made for any size or manufacturer's hoists. IHP has in stock CM and Chain Master for the crates in the photos are built for those hoists from 1/4-ton to 2-ton hoists.
The steel cases are built with several different sizes and thicknesses of steel tubing for long longevity. 2" x 5" swivel casters add to the cases for easy rolling on concrete or carpet.
Forklift friendly and easy to stack for storage or truck loads. Most any color is available and have your name and bar-code number cut into the steel for recognition. As you can see, Yellow is our color.
Give In-House Production (IHP) a call for more information as to our Motor/Cable Crates.
6620 W Arby Ave
Las Vegas, NV 89118
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