Posts tagged Pension
CTU contract: Union’s tentative agreement with CPS will cost $1.5 billion; how will the city pay?
April 3, 2025 // The Civic Federation weighed in on the budget back-and-forth Tuesday. "That's the million-dollar question — or rather, the hundreds-of-millions-of-dollars question," the Civic Federation sad in a statement. "As of now, we don't have any further insight into how CPS plans to pay for the contract beyond the first year." Mayor Brandon Johnson was asked about that $175 million pension payment. "The contract is paid for by a separate entity of government, the Chicago Public Schools. And that, in part, is the responsibility of the CEO to be able to come up with mechanisms to be able to satisfy that," said Mayor Johnson. Martinez's suggestion to cover the pension payment is a tax levy.
Bill would authorize two pensions for WA state employees
March 19, 2025 // Union-backed legislation under consideration by state lawmakers in Olympia could open the door for the state to fund union-run pensions for state workers in addition to the existing state-run pension system. If adopted, HB 1069 would allow unions representing state employees to collectively bargain over “supplemental” retirement benefits. Depending on the result of these negotiations, such supplemental benefits could be funded by the state/taxpayers, deductions from state employees’ wages, or some combination of the two.
The Strip Is Now Completely Unionized Thanks to a New Agreement at Fontainebleau Las Vegas
March 13, 2025 // For the first time in its 90-year history, every casino resort on the Strip is unionized
Op-ed: Protect American workers: How Trump’s team can fulfill his promise
March 6, 2025 // Regulatory reform is needed at three federal agencies that oversee labor laws and regulations: the U.S. Department of Labor, the National Labor Relations Board, and the Equal Employment Opportunity Commission. At the Labor Department, the administration should remove the economically inept "environmental, social and governance" investment criteria and instead protect workers’ retirement savings. Investment managers should be prohibited from advancing political agendas that reduce pension returns. The administration should guarantee workers freedom of information and transparency, so union members know how their leaders are spending dues.
Colorado King Soopers files lawsuit in response to union worker’s strike
February 9, 2025 // King Soopers claims they have proposed a “last, best and final offer” that includes $180 million in additional wages, comprehensive and affordable healthcare benefits, a $4.50 per hour wage increase for top rate associates, and pension stability to protect retirement security. “We’re committed to a fair contract that delivers real wage increases, affordable healthcare, and pension stability—just like we always have," King Soopers president Joe Kelley said. “But we won’t be pressured by illegal actions that hurt our stores, our associates, or the communities that rely on us.”
How lavish benefits pushed by NY teachers’ unions ramped up school spending — to highest in nation at $36K per kid: reports
January 21, 2025 // Empire State teachers were the second-highest compensated in the US during 2024, raking in an average of $92,696, according to a National Education Association study. And their generous pay has only increased from the 2020-2021 school year, when New York teachers’ $87,738 was the highest average pay in the nation, the Empire Center for Public Policy found. Employee benefits at that time were between 200% and 250% higher than the national average, according to the report from the Albany-based government watchdog group.
SEPTA and unions reach contract agreement, avoiding a strike in the Philadelphia region
November 21, 2024 // SEPTA and the unions representing suburban and city transit workers have come to a tentative 1-year agreement, avoiding a transit strike in the Philadelphia region. Action News has learned Wednesday that the agreement includes a 5% wage increase, as well as a pension increase. However, there were no concessions to healthcare. They also made "significant improvements" in safety, including a pilot program on eight buses for bulletproof enclosures around drivers.
This housekeeper fought to unionize Trump’s Vegas hotel. Now, she’s fighting to keep him out of office
November 5, 2024 // “It’s important for a president to be pro-union,” said Olvera. “Without a union, a worker invests the majority of their time at work only to find they can’t afford health care for their kids. They leave work tired, have to work two jobs, and still find that the money isn’t enough.”
Philly’s largest city workers union votes to authorize strike during rush-hour rally
November 3, 2024 // During the rally, the union members held a voice vote to authorize a strike, FOX29 reported, but the union is expected to take a formal vote during a meeting in the next week. Union leaders will give Mayor Cherelle Parker's administration a 10-day notice about a potential strike, 6ABC reported. In August, District Council 33 submitted a 17-page proposal for a four-year contract that included pay raises, better pension plans, alternate work schedules, pandemic relief and a change in the residency requirement that most workers live in the city.
Chicago Teachers Union’s actions affect all Illinoisans
October 31, 2024 // What exactly does Davis Gates think is “emergency” status for all of Illinois? CTU’s more than $10 billion in demands include 9% wage increases for Chicago teachers, a housing program for Chicago teachers, a 100% electric bus fleet and solar panels for Chicago school buildings – to name a few. CPS has projected just 52 of CTU’s demands would create a $2.9 billion deficit for the district next fiscal year and a $4 billion hole by 2029. Illinoisans outside Chicago may not think that’s their problem to solve.