Posts Tagged ‘Pension’

Jan
2016
13

Roofers Claim Contractor Dodged Bargaining Agreement, Pension Payments Using Shadow Company

Roofers Claim Contractor Dodged Bargaining Agreement, Pension Payments Using Shadow Company
  The Employers Joint Health and Welfare Fund, the National Roofing Industry Pension Fund, and the Roofers Union have filed a lawsuit against Ascension Sheet Metal LLC alleging that the owners of the company formed a separate entity in order to operate outside of a collective bargaining agreement.  The Gonzales-based company, which does...
Apr
2014
2

Union Investment Bringing Hundreds of Jobs, Affordable Housing to Minneapolis

Union Investment Bringing Hundreds of Jobs, Affordable Housing to Minneapolis
  The AFL-CIO’s Housing Investment Trust (HIT) has announced that it will provide $33 million in pension capital to fund the construction of Five 15 on the Park, a 259-unit apartment complex.  Of those units, nearly half will be ‘affordable housing’ with the remainder being rented at market rate.   Five 15 on the Park...
advert
Dec
2013
19

Union Investment Trust Celebrates 40th Chicago Project with Low-Income Housing Construction

Union Investment Trust Celebrates 40th Chicago Project with Low-Income Housing Construction
  The AFL-CIO’s Housing Investment Trust (HIT) has announced that it will provide $2.6 million in financing for the $22 million expansion of Montclare Senior Residences in Chicago’s South Side.  This phase of the project will create 150 jobs for union construction workers.   Over the past 40 years, HIT has invested $400 million in...
Dec
2013
2

Labor Cries Foul, Threatens Litigation as Illinois’ Underfunded Pension “Rescue Plan” Develops

Labor Cries Foul, Threatens Litigation as Illinois' Underfunded Pension
  Legislative leaders in Illinois are hoping to push a “rescue plan” that would help the state right its public pension system funding wrongs.  Vehemently opposed by labor leaders who have labeled it “catastrophic,” the plan would cut cost-of-living increases for retirees, raise the retirement age for younger employees and set a cap...
Oct
2013
3

Striking LiUNA! 563 Cretex Workers Gain MN Gov’s Support, May Be Joined by IUOE Local 49

Striking LiUNA! 563 Cretex Workers Gain MN Gov's Support, May Be Joined by IUOE Local 49
  Workers at the Minnesota company Cretex, represented by LiUNA! Local 563, have been on strike for over 100 days in an attempt to avoid having their retirement packages slashed by 80 percent. The work stoppage has caused road construction delays which Gov. Mark Dayton and the Minnesota Department of Transportation can no longer bare....
Oct
2013
3

Wegman’s “Best and Final” Contract Offer Would Boot 900 Teamsters from Retirement Fund

Wegman's
  The ongoing battle between Rochester-based grocery chain Wegman’s and Teamsters Local 118 got uglier this past Sunday after an airplane flew over Ralph Wilson Stadium in Orchard Park with a banner that said “Wegman’s wants Buffalo to lose.”  A social media uproar ensued and Wegman’s responded that the banner was paid for by the...
Aug
2013
1

Michigan Attorney General Says He’ll Fight for Detroit’s Pensions: “It’s What I Have to Do.”

  Michigan Attorney General Bill Schuette has stepped over the party line and announced that he will be fighting to defend the pensions of Detroit retirees during the city’s bankruptcy.  Schuette called the case “crystal clear” and noted that pension plans are a contractual obligation that may not be impaired.  He has filed on...
Jul
2013
3

Unite Here and Hyatt End Long Battle, Workers Land Retroactive Pay Increases, Pension Victories

  Four long years and a global boycott later, a tentative agreement has been struck between Hyatt Hotels and the union representing thousands of its employees, Unite Here.   Announced on Monday, the agreement will take effect once union contracts are approved by workers in Chicago, Honolulu, Los Angeles and San Francisco.  While details of...