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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 ...
Since going on strike last month, Boeing factory workers have repeated one theme from their picket lines: They want their pensions back. Boeing froze its traditional pension plan as part of concessions that union members narrowly voted to make a decade ago in exchange for keeping production of the company's airline planes in the Seattle area.
Some employees prefer the simplicity and security of an old-school company pension. So while Boeing's latest offer includes a 100% company match (boosting the potential maximum to 12%), it's ...
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 ...
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.
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
John Mitchell Barnett (February 23, 1962 – March 9, 2024) was an American whistleblower who was known for his substantiated safety and quality reports to the Federal Aviation Administration (FAA) about Boeing's production of the Boeing 787 Dreamliner and death which occurred amidst a lawsuit he brought against Boeing.
Muilenburg started work at Boeing as an intern in 1985. [8] [9]Muilenburg held numerous management and engineering positions on various Boeing programs, including the X-32 (Boeing's entry in the Joint Strike Fighter competition); Boeing's participation in the Lockheed Martin F-22 Raptor fighter; the YAL-1 747 Airborne Laser; the High Speed Civil Transport; and the Condor unmanned ...