Posts tagged 401(k)
IAM union modifies offer to Boeing after meeting with mediator
October 3, 2025 // In response to Boeing’s offers, IAM 837 members created their own proposed offer, featuring increased 401k contributions and improved raises for top of scale members, but was rejected by the company. Boeing and the union returned to the bargaining table on Monday with the inclusion of a federal mediator to help provide a new avenue to resolve the ongoing dispute. On Tuesday, the union modified its proposed offer to the company.
Union workers react to federal mediator joining talks with Boeing
September 30, 2025 // “The last offer we had from the union, they had a federal mediator and we seemed to get a worse offer,” Martin said. “If they can point Boeing in the right direction, aside from last time, it still didn’t seem to do a good thing for the union.” Union members say contracts at other Boeing plants — especially in places like Seattle — come with better pay and stronger benefits. “No one cares about this ratification bonus that they’re pushing so hard on everyone. We want better pay for all of our members. The ratification bonus is a right now solution and I think most of us are thinking about our futures,” said another Boeing worker on strike.
St. Louis unions rally alongside striking Boeing workers
September 19, 2025 // On Friday morning, the union is set to vote on a contract proposed by its own negotiating committee. It includes an updated 401(k) plan, higher wage increases for employees at the top of the pay scale and a $10,000 signing bonus, up from the $4,000 bonus in the previous contract. If union members approve the contract, it will be submitted to Boeing as a pre-approved agreement. If Boeing declines the proposal, the union said it will continue to strike and be ready to return to the negotiation table with the company.
Striking Boeing workers reject latest offer
September 15, 2025 // On Wednesday, the IAM Union District 837 Negotiating Committee announced a five-year tentative agreement had been reached with Boeing Defense. Friday morning, union members voted against the tentative agreement at St. Louis Music Park, with 57% of members rejecting the contract. According to Boeing, the rejected offer would have increased the average wage for union workers from $75,000 to $109,000. The contract also would have increased from a four-year deal to a five-year deal, and included a ratification bonus of $4,000.
Plan Sponsors Get Go-Ahead on Alternatives as DOL Shifts Stance
August 22, 2025 // For plan sponsors, this regulatory shift provides much-needed clarity and removes a significant deterrent that had been hanging over alternative investment discussions. The DOL has essentially returned to a neutral, principles-based approach that allows fiduciaries to evaluate all investment options based on their merits rather than facing special scrutiny for considering alternatives.
The Providence City Council has passed 14 pro-union resolutions. What’s behind the push?
June 20, 2025 // Last month, Miller and Councilors Justin Roias and Miguel Sanchez joined striking workers at the Butler Hospital picket line. The council is currently considering an amendment to the city’s noise ordinance that would exempt striking workers, following a series of $500 fines issued against those at Butler Hospital for violating the ordinance. Miller has a background in labor organizing, but she said that everybody on the council is passionate about supporting working-class people in Providence and that’s why they prioritize causes such as addressing the city's housing and affordability crisis.
AP Exclusive: US meatpacking workers win back pensions in new union contract with JBS
May 27, 2025 // The United Food and Commercial Workers union said Thursday that 26,000 meatpacking workers at 14 JBS facilities would be eligible for the pension plan. The new contract, which was ratified by workers this week, also adds paid sick leave, wage increases and new plant safety measures.
Amazon labor organizers challenge union election loss, alleging employer coercion
May 14, 2025 // The union campaign at Garner’s RDU1 warehouse lost by a wide margin earlier this year. Organizers say they faced retaliation and a massive “union-busting” effort.
NYC beer deliveries affected as workers for distributors go on strike
April 17, 2025 // Hundreds of unionized workers are on strike over what they describe as unfair labor practices at their local beer distribution center. The strike is impacting customers who enjoy popular brands such as Corona, Coors or Modelo.
Michigan Republican presses Chavez-DeRemer to rescind Biden-era labor regulations
March 20, 2025 // “I encourage DOL to enforce its laws while providing robust compliance assistance to workers and businesses instead of continuing the enforcement-only approach taken by the Biden-Harris administration,” Walberg said Wednesday to Chavez-DeRemer in a letter shared with The Hill.