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Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker's shaky ...
The loss of that pension plan 10 years ago is a major reason rank-and-file members at Boeing nearly unanimously rejected the tentative agreement put on the table this time, even with the company ...
In return, Boeing contributed a percentage of worker wages into retirement accounts and matched employee contributions to a certain point. The company later froze pensions for 68,000 nonunion employees. Boeing's top human-resources executive at the time said the move was about “assuring our competitiveness by curbing the unsustainable growth ...
The proposal also called for hiking Boeing's contribution to a 401(k) plan, but it declined to fulfill workers' call for a reinstatement of the company's defined pension.
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% ...
The striking union of its West Coast factory workers is seeking a 40% pay rise over four years and the restoration of a defined-benefit pension that was taken away in the contract a decade ago.
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 ...
SPEEA Pushes Boeing to Grant Pension Survivor Benefits to Same-Sex Married Members SEATTLE--(BUSINESS WIRE)-- When new contracts are negotiated and ratified by engineers and technical workers at ...