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Well, for one thing, the 401(k) benefits Boeing offered were pretty generous -- at most, a 10% company contribution plus a 75% employer match on employees' voluntary contributions up to 8%.
BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area. It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company. Membership was later expanded to all residents of Washington and some counties in Oregon and Idaho. [2]
Boeing Employees’ Credit Union is a Seattle-based financial cooperative that offers the standard lineup of checking and savings accounts, credit cards, loans and investment services.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
The union also wanted to restore traditional pensions that were axed a decade ago but settled for an increase in new Boeing contributions to employee 401(k) retirement accounts of up to $4,160 per ...
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
One of the most painful issues dividing labor and management in the strike at Boeing is the loss of the traditional pension plan for union members in 2014.
A strike by about 27,000 machinists at Boeing over outsourcing, job security, pay, and benefits began September 7, 2008. [1] [2] [3] The union, International Association of Machinists, and Boeing appeared unwilling to compromise to settle the strike. The company had 3,700 jets on back order, which union members hoped would put pressure on ...