Attention All BAC Reservists and National Guard
Members
 BAC
members who are reservists or National Guard members may
be called to active duty with the U.S. Armed Forces. In appreciation
and recognition of the sacrifices they will be called upon
to make, the IU Executive Board has taken the following action:
- Suspended the International Union dues
obligations of all BAC members while on active duty on
or after September 11,
2001; and
- Authorized Local Unions and District Councils
to exempt such members from the payment of their Local
Union or District
Council dues, provided that they have taken proper
action authorizing such a dues exemption. Please contact your Local
Union or ADC if you have questions about their policy
in this regard.
Reservists and National Guard members should
also be aware that, by law, they are exempt from any break
in service from
their pension plan(s) while on active duty. For further
information, please contact the International Pension Fund
(IPF) at 1-888-880-2222,
or your Local’s pension fund office.
Finally, mortgage
and rental relief is available to National Guard members
and reservists on active duty under the provisions
of the “Soldiers’ and Sailors’ Relief Act
of 1940.” This law prohibits all creditors, including
mortgage lenders, credit card companies, and car finance
companies, from charging interest of more than 6 percent.
In accordance with this law, active-duty servicemen and women
are eligible for:
- Reduced interest rate on mortgage payments.
- Reduced interest
rate on credit card debt.
- Protection from eviction if
your rent is $1,200 or less.
- Delay of all civil court
actions, such as bankruptcy, foreclosure, or divorce
proceedings.
Relief is limited to those whose
household income is “materially
affected” by enlistment or activation, but bankers
have indicated that those who seek relief generally won’t
be challenged. For more information, call HUD at 1-888-297-8685
between 7 am and 7 pm CT on weekdays. If you or one of your family members has been called
up for duty, please drop the Journal a note telling us
about
you and your family’s service to the country.
BAC Journal,
1776 Eye St. N.W., Washington, DC 20006
You can e-mail us at: askbac@bacweb.org
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