Workers push to revive pensions after decades-long decline
The Boeing machinist’s strike is now in its seventh week. Last Wednesday, the machinist's union rejected the latest contract from the company. A major sticking point continues to be union members’ insistence that the company reinstate a pension, also called a defined-benefits plan.
This is a long-held grievance. Union president Jon Holden said that the damage from a 2014 agreement— which froze pensions in favor of a 401(k) plan —remains unresolved.
Boeing machinists aren’t alone in this fight.
Striking autoworkers also sought to restore pensions during their 2023 strike, but received only…
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