Posts Tagged ‘Pensions’

Jun
2016
1

Verizon Employees Head Back to Work, Prepare to Ratify Contract Viewed as Major Victory

Verizon Employees Head Back to Work, Prepare to Ratify Contract Viewed as Major Victory
  The contentious Verizon strike carried out by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) has ended with both sides declaring victories on key points. 40,000 workers returned to their jobs yesterday as a result.   The four-year contract was agreed to in principle on Friday and...
Jan
2016
7

Millions Owed: San Diego Pension-Slashing Measure Rebuked by Board; Legal Warfare Expected

Millions Owed: San Diego Pension-Slashing Measure Rebuked by Board; Legal Warfare Expected
  In 2012, San Diego voters approved Proposition B by a two-thirds majority, dramatically cutting city employee retirement benefits.  But to close out 2015, the state Public Employment Relations Board (PERB) ruled that unions had the right to input in the matter before voters essentially ripped up their union contracts at the ballot...
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Dec
2015
14

Who’s Fiscally Responsible Now? NJ Senate Pres. Pushes Proposal to Correct Underfunded Pensions

Who's Fiscally Responsible Now? NJ Senate Pres. Pushes Proposal to Correct Underfunded Pensions
  In a New Jersey showdown between Gov. Chris Christie and Senate President Stephen Sweeney, the future of the state’s underfunded pension system has boiled over to the airwaves, with the governor using his monthly call-in radio show on 101.5 FM to attack Sweeney, unions, and the state’s working men and women.  At the center [&hellip...
Sep
2015
24

NEW STUDY: Unionized Latinos Earn $11,544 More Per Year Than Non-Unionized Peers

NEW STUDY: Unionized Latinos Earn $11,544 More Per Year Than Non-Unionized Peers
  A new report from the Labor Council for Latin American Advancement (LCLAA) shows that latino workers who are members of unions have distinct advantages over their non-union peers.  “Latino Workers and Unions: A Strategic Partnership for America’s Progress” provides the latest data on the wages and benefits afforded Latino...
Jul
2015
1

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks
  Boeing’s most recent Securities and Exchange Commission filing has revealed that CEO Jim McNerney will be paid $3.9 million a year in pension benefits for each of the next 15 years.  This revelation follows the announcement that he will retire on July 1st but will remain as chairman until February of 2016. The news [&hellip...
Jun
2015
24

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills
  Illinois Governor Bruce Rauner has blamed almost all of the state’s economic woes on unions and pensions, but a look at the numbers shows the real problem may be the small group of workers he is trying to protect.  Creating “Right-to-Work” zones and making drastic changes to the state pension system are cornerstones of [&hellip...
Apr
2015
6

Progressives Cry Foul as Moderate Republican is Booted from NV Committee Ahead of Pension Battle

Progressives Cry Foul as Moderate Republican is Booted from NV Committee Ahead of Pension Battle
  The Nevada GOP has removed Republican assemblyman Glenn Trowbridge from the Assembly Government Affairs Committee just weeks after he bucked the party line on a bill to repeal prevailing wage requirements from school construction projects.  Trowbridge was reassigned to the Assembly Judiciary Committee where he will take the spot of...
Jul
2014
2

Union Study: Memphis Slashing Employee Health Insurance While Recklessly Gifting Corporations

Union Study: Memphis Slashing Employee Health Insurance While Recklessly Gifting Corporations
  The Memphis City Council’s new 2015 budget includes major changes to city employees’ health insurance, a big business win over workers.  City officials say the changes are necessary to offset pension costs and ensure taxes don’t rise. Firefighters are going to see a 24 percent hike in their health insurance premiums....
Nov
2013
20

Sirota: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming

Sirota: Corporate Giveaways, Not Public Pensions, Cause Financial Stress and Need Reforming
  In an op-ed for USA Today, David Sirota gives credit to conservative activists, business groups, and politicians for their attempts to demonize public pensions.  But this well-coordinated attempt to sway public opinion, he writes, should not result in pensions being “reformed.”  For many state and local governments, wasteful spending...
Oct
2013
21

REPORT: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St. Favor

REPORT: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St. Favor
  A new investigation conducted by Former SEC Investigator and Forbes columnist Ted Siedle uncovers the misdeeds of Rhode Island General Treasurer Gina Raimondo during her handling of the state’s Employee Retirement System.   Commissioned by AFSCME, the report, “Rhode Island Public Pension Reform: Wall Street’s License to...
Jun
2013
26

Without a Contract All Year, LiUNA! Local 563 Goes on Strike as Cretex Tries to Pillage Pensions

Without a Contract All Year, LiUNA! Local 563 Goes on Strike as Cretex Tries to Pillage Pensions
  Members of Minnesota’s Laborers International Union of America (LiUNA!) Local 563 hit the picket line last week after negotiations broke down between 40 construction craft laborers and the manufacturer Cretex.  Working without a contract since the beginning of 2013, workers authorized a strike claiming management has failed to meet...
Jun
2013
3

New Venezuelan Labor Law Provides Pensions to Full-Time Mothers

  In post-Chavez Venezuela, an interesting and progressive attempt at valuing family through legislation has taken shape. Labor law has been modernized to provide pensions for full-time mothers.   In this vibrant nation best known for its former leader’s antics and its recent shortage of toilet paper, promoting equality has been an...