Posts tagged retirement benefits
New Bill Lowers 401(k) Plan Participation Age to 18
May 13, 2025 // “Americans who don’t attend college and immediately enter the workforce should be given every chance to save for retirement,” Cassidy said in a statement. “This legislation empowers American workers, giving them more opportunities to plan for a secure retirement.”
Wisconsin Supreme Court won’t hear case seeking to overturn 2011 anti-union law for now
February 18, 2025 // Dane County Circuit Judge Jacob Frost in December ruled that the law violates equal protection guarantees in the Wisconsin Constitution by dividing public employees into “general” and “public safety” employees. Under the ruling, all public sector workers who lost their collective bargaining power would have it restored to what was in place before 2011. The judge put the ruling on hold pending the appeal.
Federal employees confused, angered by Trump’s offer to quit
February 3, 2025 // “I’ve got my whole entire life invested in the federal government,” said the staffer, who also spent time in the military. “I’m not going to throw everything away.” Across the United States, multiple federal workers who spoke with CNN said they weren’t willing to sacrifice benefits beyond their salaries – including health and retirement benefits and student loan forgiveness – not to mention careers. They requested their names not be used for fear of retaliation.
Independent Contracting in 2025
January 8, 2025 // Independent contractors forgo workplace benefits that employees receive. Portable benefits are a way to give them access to benefits untethered from employment with one employer.
Unions score a major win in Wisconsin with a court ruling restoring collective bargaining rights
December 3, 2024 // Under the ruling by Dane County Circuit Judge Jacob Frost, all public sector workers who lost their collective bargaining power would have it restored to what was in place prior to 2011. They would be treated the same as the police, firefighter and other public safety unions that were exempted under the law. Republicans vowed to immediately appeal the ruling, which ultimately is likely to go before the Wisconsin Supreme Court. That only amplifies the importance of the April election that will determine whether the court remains controlled 4-3 by liberal justices.
Seattle Art Museum security staff goes on strike
December 2, 2024 // About two dozen picketing security staffers — or Visitor Service Officers — and supporters shouted slogans and handed out flyers as downtown tourists looked on, visitors entered the museum and passing vehicles honked. “After more than two years of unsuccessful negotiations, SAM VSO Union workers are striking now until the board and museum leadership recognize their needs and offer a fair contract,” the flyer reads.
Illinois needs responsible Tier 2 pension reform
November 22, 2024 // Illinois is at risk of getting in costly trouble with the federal government over its Tier 2 public employee retirement benefits. Here’s a solution that doesn’t make the state’s monstrous public pension debt even worse. Illinois’ public pension problems are facing a new threat impacting the newer hires covered under the more modest “Tier 2” retirement benefits: the state can either add $280 million a year into their plans or face the feds demanding over $856 million a year.
Boeing and IAM announce new contract vote on Nov 4
November 1, 2024 // With the assistance of Secretary of Labor Julie Su, the International Association of Machinist (IAM) 751 & W24 will be allowing its 33,000 members on Monday, November 4, to vote on an updated contract offer by Boeing with hopes to ending a 49-day strike that has cost billions of dollars in lost revenue.
Boeing reaches tentative labor deal with 25% pay hike, new plane commitment
September 9, 2024 // The deal comes as workers are capitalizing on tight labor markets to make gains. The United Auto Workers union won a similar 25% general wage pay hike over four-and-a-half years with the Detroit Three last autumn. The talks had been watched by members of U.S. President Joe Biden's administration, with Acting Labor Secretary Julie Su last week urging the sides in an interview with Reuters to get a "fair contract."
Kroger e-commerce center drivers vote to join Teamsters
August 29, 2024 // The facility in Georgia is set to become the grocer’s second fulfillment center where drivers have agreed to unionize.