Posts tagged 401(k)

    News Article ● Strike

    Eaton union members reject 2nd contract offer, company will now try hiring permanent replacements

    March 7, 2022 //

    401(k) Cobham contract Davenport Eaton Eaton Corporation health care benefits IAM IAMAW Iowa James Anderson Jeremy Vercautren Local 388 Locals 1191 Locals 388 Mission Systems Division picket replacement workers Retirement second offer shop chairman Strike union members union's sixth district wages

    News Article ● Strike

    Union employees at Eaton-Cobham’s Davenport plant go on strike

    February 22, 2022 // More than 400 union employees of Eaton-Cobham Mission Systems in Davenport went on strike at 12:01 a.m. Friday after those workers voted not to ratify the company's contract offer, said John Herrig, directing business representative for District 6 of the International Association of Machinists and Aerospace Workers.

    401(k) contract offer Davenport Eaton-Cobham Mission Systems health care benefits IAMAW IAMAW Local 388 International Association of Machinists and Aerospace Workers District 6 John Herrig Machinist Union Local 1191 Quad City Times Thomas Geyer wages

    News Article ● Strike Unions

    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.

    401(k) Cobham Mission Systems Davenport Davenport Elks Lodge Eaton Corporation Eaton Corporation-Cobham Eaton Corporation-Cobham Mission Systems Eaton-Cobham flexibility greater scheduling certainty health care benefits IAMA International Association of Machinists and Aerospace Iowa Local 1199 Local 388 Quad Cities Quad Cities Regional Business Journal Retirement Strike Union union contract vote vacation wages

    Blog Research ● Labor

    A “Critical” Issue with Pensions

    February 12, 2022 // Here's everything you need to know about union pension plans and their current funding status.

    401(k) critical status employer-provided pensions five-year vesting window increasing employer contributions Industry Pension Fund matching contribution membership monthly benefit for life multiemployer pension plan nine-to-one ratio of retirees to active employees Pension Fund pension plan RDSWU rehabilitation plan research RWDSU US Chamber