pension

Business
3:06 pm
Thu March 6, 2014

Boeing Shifts 26,000 Non-Union Workers In The Seattle Region Away From A Pension

Boeing plans to shift its non-union employees away from a defined benefit pension plan, including about 26,000 workers in the Puget Sound region. 

In January, machinists here narrowly accepted a similar pension freeze to win the 777X production line. Now, Boeing’s including non-union employees in the retirement plan change because the company says its pension obligation is unsustainable.

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Washington Supreme Court
2:58 pm
Thu October 24, 2013

Billions at Stake as State Supreme Court Hears Pension Cases

Cacophony / Wikipedia

The state Supreme Court on Thursday heard oral arguments in a pair of pension cases involving billions of dollars at stake. Unions for teachers and state employees want the high court to restore two benefits that were nixed due to their cost.

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Pension Investigation
12:16 pm
Tue August 20, 2013

Wash. to Shrink Pensions for 3 Ex-Firefighters

Washington auditors have determined that pre-retirement salary increases led to more than $30,000 in excess pension payments for three former firefighters, and the state projects it will save the system more than $140,000 by permanently reducing their combined pension values.

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Business
5:00 am
Fri March 1, 2013

Boeing's latest move confirms nationwide trend to end pensions

Members of Boeing's engineering union tally contract votes. The company asked engineers and technicians to give up the pension for new hires
Ashley Gross KPLU

Boeing has been – until recently – one of the last remaining places in the corporate world where you could still get a pension in retirement. Now Boeing’s technical workers are being asked to drop the pension for new employees – it’s part of a broader strategy at the company.

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