Search results
Results from the WOW.Com Content Network
Governor Brown promoted the reform as the "biggest rollback to public pension benefits in the history of California", but it only resulted in a 1% to 5% reduction in contribution increases. [25] Total savings from the reform are estimated to be $28 to $38 billion. [25] In the fall of 2014, CalPERS named Ted Eliopoulos as chief investment officer.
The Industrial Union of Marine and Shipbuilding Workers of America (IUMSWA) was an American labor union which existed between 1933 and 1988. [1] The IUMSWA was first organised at the New York Shipbuilding Corporation shipyard in Camden, New Jersey after striking in 1934 and 1935 .
Kaiser Richmond No. 1 Yard was a new shipyard built to support the demand for ships for World War 2. Kaiser purchased the contact and the yard to build type Ocean ship from the Todd Shipyards in 1940. Kaiser built yard No. 1 to build the Ocean ships. Yard No. 1 was built on unoccupied land with construction starting in December 1940.
The International Fishermen and Allied Workers of America joined with the union in the 1950s. The union negotiated a groundbreaking agreement in 1960 that permitted the extensive mechanization of the docks, significantly reducing the number of longshore workers in return for generous job guarantees and benefits for those displaced by the changes.
Recession fears raise risks for California's public pension funds.
It was the first time Wyand, a Navy veteran who lived and worked at the shipyard in the late 1980s, learned he may have been exposed to radium-226 and strontium-90 — radionuclides that build up ...
The same study found that workers with tenures of 10-25 years of service were served well by 10.9% of plans. Workers with less than 10 years of service were served well by .5% of plans. [18] In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005.
A struggling union pension fund for more than 22,500 metro Detroit carpenters and millwrights is getting a $635 million federal bailout, saving retirees from big cuts to their pension checks next ...