Posts tagged Pension
PECO union “overwhelmingly” votes to authorize strike as contract negotiations continue
June 2, 2026 // Members of the union representing about 1,600 PECO workers voted Saturday to authorize a strike. The move would give union leaders the power to call a work stoppage if ongoing contract negotiations fail to produce an agreement. A spokesperson tells CBS News Philadelphia the strike was "overwhelmingly" approved with 94% of the votes in favor. More than 1,000 members voted. As of now, there are no plans to walk off the job Saturday.
Reason: Union Summer
May 21, 2026 // They're at it again: Yesterday, the unions representing the Long Island Rail Road (LIRR) workers reached an agreement with the Metropolitan Transportation Authority, the state agency that runs the railroad. It's not yet clear what's in the agreement, but the demands of the striking workers were rather extraordinary: Pay raises of 5 percent, plus three years of retroactive raises since their last contract was hammered out in 2022. This might make sense if they were destitute, but they are not: "More than 325 Long Island Rail Road workers are raking in over $100,000 a year in overtime on top of their lucrative salaries, with 11 of them netting at least twice that huge figure in OT," reports New York Post (below yesterday's perfect headline: "Gravy Train").
Hochul proposes $500M pension sweetener as she battles unions in budget stand-off
May 11, 2026 // Still, whatever deal is struck is likely to put a major strain on local governments, schools, public hospitals and law enforcement — which risk a mass exodus that could lead to service cuts. The cost of Albany’s public pension giveaway will also translate into higher property taxes and school taxes for New Yorkers.
Commentary: Even socialist NYC mayor Mamdani can’t satisfy the teachers union
April 13, 2026 // Mulgrew has already threatened to try to kill the entire state budget unless it includes revisions to the Tier VI pension rules enacted in 2012, demanding a rollback that would allow teachers to retire earlier without massive penalties. He declared, “If we don’t have the significant fixes in Tier VI, then vote the budget down.” The changes would cost local governments, including New York City, hundreds of millions of dollars a year in higher pension contributions.
Teamsters Secure UPS Buyout Cap; NLRB Calls Amazon to the Bargaining Table
April 9, 2026 // Under the Driver Choice Program (DCP), UPS employees can opt to receive a $150,000 payment to accept early retirement from the company. The severance package would also include retirement benefits earned over their tenure, including pension and healthcare... The NLRB and Amazon have had an ongoing feud as unionization efforts across the company have popped up. In a separate complaint filed in September 2024, the Seattle-based Big Tech firm alleged that the NLRB improperly influenced the 2022 Staten Island election, and said the board’s structure was unconstitutional. That suit is still pending.
Writers Guild of America reaches tentative deal with studios
April 7, 2026 // The agreement is also for four years, longer than the typical three-year contract term, Variety reported. It’s a surprise that a deal was reached so swiftly on the heels of the WGA’s 148-day strike in 2023, which disrupted Hollywood programming.
Colorado meat workers to end strike, return to work without new contract
April 6, 2026 // The standoff between the JBS-owned meat packing plant in Greeley and its employees appears to be ending after three weeks. Saturday, the company and the labor union representing the approximately 3,800 workers who work there announced the workers would return to work at 5 a.m. Tuesday. The union and workers agreed to return to work after the company agreed to return for two days of face-to-face contract negotiations beginning April 9
Teachers union flexes on New York state budget: pension boosts or bust
April 1, 2026 // The UFT and other teacher unions are focused on lowering the age when someone can retire without penalty. Under Tier IV, public employees including teachers can retire at 55 if they’ve worked for 30 years. Under Tier VI, an employee must work until 63 in order to retire without losing half of their pension award. Opponents say there’s scant evidence that pensions are contributing to recruitment and retention challenges. Tier VI required employees hired after its 2012 enactment to contribute to the cost of their retirement for the duration of their employment, instead of just the first 10 years. It also set a later retirement age — all measures that are saving state and local governments an estimated $80 billion through 2042.
Connecticut: Lamont’s Golden Age; Commentary
March 19, 2026 // A few days ago, CT Mirror reported that “The administration recently reached tentative, four-year agreements with 10 [union bargaining] units that collectively represent nearly 20,000 state employees [almost half the workforce].” Lamont released only wage increase information, nothing about reform of COVID-era remote work privileges. Lamont’s spokesman said “Because these negotiations are still underway, we are unable to provide additional comment.” Lamont wants union members to know he aims to give them four more years of robust 4.5% annual pay raises comprised of a 2.5% general wage increase (GWI) plus a 2.0% “step increase,” a deal identical to the one he gave them four years ago, which followed two years of 5.5% increases. These ten increases compound to about 60%.
JBS workers confirm March 16 strike at Greeley meat processing plant over labor practices
March 10, 2026 // Workers at the largest meat supplier in the world will strike at its Greeley plant, according to the workers' union, which said 99% of workers at the plant approved the strike over "poverty-level" wages.