Posts tagged 401(k)
Who Says Unions And ESOPs Don’t Mingle?
December 21, 2022 // Plus, with vigorous ESOP-related activity in Congress and state legislatures, I stand by my prediction that this will be the Decade of the ESOPs. In 2022, three major bills delivered significant incentives for existing and future ESOPs. They include the National Defense Appropriations Act, the Inflation Reduction Act that exempts ESOPS from a new 1% excise tax on corporate stock repurchases, and a measure signed in August strengthening the U.S. semiconductor industry that singles out employee-owned companies and associations for targeted support.
Geico workers organizing in Amherst
September 12, 2022 // For years, employees said, those jobs were good jobs. Geico today pays a minimum of $16.84 per hour for entry-level employees and as much as $91.70 per hour for upper management, according to records reviewed by Investigative Post. The employees who spoke with Investigative Post said they make between $20 and $30 per hour, or between $40,000 and $60,000 per year. But the COVID-19 pandemic, they said, rocked Geico’s business, causing the company to make a number of adjustments in short succession that changed employees’ jobs. Because many Geico employees are still working from home, organizers have been knocking on doors and visiting their coworkers at home to ask them to sign a union petition.
Teachers at the Blue Man Group’s “Progressive” School Strike Over Union Busting
May 27, 2022 // The private Blue School in New York teaches labor history. Its teachers just walked off the job.
OP-ED | A Better Approach to the Silver Tsunami
March 18, 2022 // Too often, for unions, the customers are themselves rather than the public, which is why the state should be taking advantage of retirements by focusing on modernizing, reorganizing, retooling, and outsourcing as much as possible. The major advantage in choosing among hiring private employees/services is that change can be made quickly to accommodate the needs of customers. Not working well? Terminate the contract and find a better solution in the marketplace.
Eaton-Cobham union workers go on strike
February 18, 2022 // Hundreds of members of the International Association of Machinists and Aerospace (IAMA) Local 388 and 1199 at Eaton Corporation-Cobham Mission Systems in Davenport are on strike after rejecting a new contract.
A “Critical” Issue with Pensions
February 12, 2022 // Here's everything you need to know about union pension plans and their current funding status.