Posts tagged Pension
UPS offers buyout to union drivers, drawing ire from Teamsters
July 7, 2025 // The package offered through its “Driver Voluntary Severance Plan” is in addition to any retirement benefits, including health care and pension disbursements, according to a company emailed cited by Bloomberg. But according to the Teamsters union -- which represents 340,000 UPS (NYSE:UPS) drivers -- the “illegal” plan violates the contract between UPS and the Teamsters signed in August 2023, and would be less than what rank-and-file Teamsters now earn and could continue to make over the life of the current agreement.
NYC Employee Pension Payments Cross $6 billion; 70 Members Collect $200k+
June 21, 2025 // The pension plan covering most New York City government agencies, including the City’s subway system, had 70 members with pension payments of at least $200,000 last year, almost quadrupling 2019’s tally of 19, according to new data posted today at SeeThroughNY.net, the Empire Center’s transparency website. According to the data collected from the New York City Employees’ Retirement System (NYCERS), total payments climbed to $6.05 billion in 2024, a five percent increase since 2023 ($5.78 billion).
Disney, Marvel & ‘Avatar’ Franchise VFX Workers Ratify First IATSE Contracts
May 22, 2025 // The VFX crews at Marvel and Disney filed for a unionization election with the National Labor Relations Board in August 2023. A supermajority of Marvel's more than 50-worker crew signed authorization cards saying they want to be represented by the IATSE, while a supermajority of the 18 in-house VFX crewmembers at Walt Disney Pictures signed cards.
More than 2,500 nursing home workers across WNY plan to strike
May 13, 2025 // Caregivers from the following facilities are expected to walk off the job starting May 20 at 6 a.m.: Buffalo Center for Rehabilitation & Nursing Comprehensive Rehab and Nursing Center at Williamsville Elderwood at Lockport Elderwood at Williamsville Ellicott Center Garden Gate Manor Gowanda Nursing Home (excluding Pros/Techs) Newfane Rehabilitation & Health Center North Gate Manor Ascension Living Our Lady of Peace Absolut Care of Gasport Safire Rehabilitation of Northtowns Schofield Residence The Grand at Delaware Park Williamsville Suburban Care Center
Opinion: One mother’s fight against forced union dues
April 29, 2025 // Every pay period, a portion of my hard-earned wages disappears into the Teamsters’ “Health and Welfare Trust Retiree Plan.” It is likely this deduction isn’t just about healthcare for retirees. A portion of the funds may be channeled into the union’s shareholder activism — buying shares in companies and then pressuring corporate boards to adopt political positions I never agreed to support. The lawsuit challenges California’s Meyers-Milias-Brown Act, which essentially traps public employees like me in a financial relationship with unions we’ve explicitly rejected.
CT Electric Boat workers OK strike option, as UAW President Fain tells company ‘clock is ticking’
April 17, 2025 // Among Local 571’s demands are record wage increases, pensions for all members, a cost-of-living adjustment, profit sharing and better health care benefits. In the meantime, Local 571 members are working under the terms of their expired agreement. Electric Boat officials were not immediately available for comment on Monday night. Company officials said in a statement last week that they had “presented our best and final offer” to the union in the previous week. They added that their offer “provides historic wage growth, a continuation of our premium benefits package and retirement enhancement for all employees.”
NYC beer deliveries affected as workers for distributors go on strike
April 17, 2025 // Hundreds of unionized workers are on strike over what they describe as unfair labor practices at their local beer distribution center. The strike is impacting customers who enjoy popular brands such as Corona, Coors or Modelo.
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