Posts tagged pension contributions
Op-ed: Kathy Hochul’s Get-Past-November Budget
May 28, 2026 // Now for the category of making the state less affordable: Democrats reversed some of the state’s 2012 pension reforms. Teachers hired since those reforms will now be able to retire at age 58, instead of 63. The budget also slashes employee contributions to their pensions, and allows police and firefighters to count more overtime pay toward their pension calculations. These pension sweeteners are expected to cost the state and local governments $557 million a year. That will invariably mean higher taxes down the road. Democrats are helping Mr. Mamdani pay for them by allowing the city to re-amortize its pension liabilities, which will save $2.3 billion between this and next year while increasing costs in the long run by $5 billion.
Union Fights to Revive $3.5M Pension Win Against Jones Lang LaSalle
October 21, 2025 // In a Friday petition for rehearing, the pipe fitters and plumbers’ union — alongside several benefit funds and trustees — urged the Third Circuit to reconsider or rehear the case en banc, arguing that the panel’s split September ruling misinterpreted the Employee Retirement Income Security Act (ERISA) and ignored key principles set forth by the Supreme Court. At the Heart of the Battle: What Counts as “Hours Paid”? The dispute stems from a 2020 ERISA lawsuit accusing Jones Lang LaSalle Americas Inc. (JLL) of failing to properly account for overtime pay when calculating pension contributions. The Delaware district court initially sided with the union in 2024, awarding $3.5 million in unpaid contributions, audit costs, liquidated damages, and interest.
Safeway, Albertsons union workers to vote next weekend on possible strike
May 27, 2025 // According to UFCW Local 7, which represents the union workers of Safeway and Albertsons, the company and union have been negotiating for eight months, most recently meeting on Friday, May 23. The union stated in an update posted to Facebook that Safeway agreed to “important language items” sought by the bargaining committee, “including a new drug and alcohol rehabilitation policy and protection of Drive Up and Go shopper work.”
New report puts Act 10 savings at nearly $36B
March 19, 2025 // "Those savings don’t just exist on paper. They have a real impact in the real world," MacIver CEO Annette Olson said. "Thanks to Act 10, today Wisconsin is considered to be one of the most financially responsible states in the country with routine budget surpluses, a robust rainy-day fund, and a fully funded state pension system.” To get to its $35.6 billion savings price tag, MacIver added the $13.8 billion in employee pension contributions since 2012 under Act-10, and the $21.8 billion in total health care savings since 2012 from Milwaukee, Milwaukee County, the DPI and the State Health Insurance Program.
Union members approve new contract with UPS
October 24, 2022 // Aircraft maintenance workers at Georgia-based UPS approved a three-year contract that provides raises and pension improvements for more than 1,600 union members nationwide, the International Brotherhood of Teamsters said. Wage hikes of 3.3% and increases in pension benefits will begin in November 2023, the union said in a statement Tuesday after more than 87% of voting members of Teamsters Local 2727 approved the deal.