Posts tagged retirement plan
Op-ed: President Trump’s investing order puts workers first
January 12, 2026 // Trump’s executive order will help right this wrong by refocusing the advice that proxy advisors give to plan managers. So would Sen. Bill Cassidy’s (R-La.) Restoring Integrity in Fiduciary Act, which would require retirement plan managers to focus solely on financial factors when making decisions on behalf of investors.
Workers Reject Boeing’s Latest Offer After Nearly Three Months on Strike
October 28, 2025 // “To fund the increases in this offer, we had to make trade-offs,” including reduced hourly wage increases tied to attendance and certain shift work, Boeing Vice President Dan Gillian said in a message to workers on Thursday. IAM leaders have pressed the planemaker for higher retirement plan contributions and a ratification bonus closer to the $12,000 that Boeing gave to union members on strike last year in the company’s commercial airplane division in the Pacific Northwest.
Michigan Republican presses Chavez-DeRemer to rescind Biden-era labor regulations
March 20, 2025 // “I encourage DOL to enforce its laws while providing robust compliance assistance to workers and businesses instead of continuing the enforcement-only approach taken by the Biden-Harris administration,” Walberg said Wednesday to Chavez-DeRemer in a letter shared with The Hill.
US Overpaid Teamsters Pension Counting Dead Participants
November 3, 2023 //
Feds: Carpenters union gets $183M of stimulus to restore cut pensions
August 18, 2023 // The retirement plan covering nearly 5,400 Southwest Ohio union carpenters got a nearly $183 million government bailout on Tuesday, according to an announcement by the federal Pension Benefit Guaranty Corporation. The money comes from a program aimed at shoring up pension plans, created as part of the broader stimulus package enacted in 2021 in the wake of the COVID-19 outbreak. The money will benefit members of the Southwest Ohio Regional Council of Carpenters Pension Plan, which in 2019, slashed pension benefits for thousands of members by an average of 18% to remain solvent. PBGC’s approval enables the plan to restore benefits previously suspended and to make payments to retirees to cover prior benefit suspensions, the federally chartered corporation said in a statement. The funding will enable the plan to pay retirement benefits without reduction for many years into the future.
Bow Wow makes plea for rap artists to unionize: “Protect this thing we call hip hop!”
January 17, 2023 // “Hip hop culture is the hottest scene in society today,” said “The Breaks” rapper Kurtis Blow in a statement. “Everyone around the globe is tuning in to listen to what hip hop has to say. We truly live in a hip hop generation. Rap music is the No. 1 streamed music on the planet. The agreement between SAG-AFTRA and the Hip Hop Alliance will bring many benefit options to the culture in the near future,” he added.