I heard the union and company will meet next month for a possible extension. Hopefully it will be a 3 year deal. The union should ask for a 5 % raise for each year, 2% raise for pensions. Plus get the new hires a pension for their retirement.
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Im know someone on the company side that sits a the big table and they stated that the company is adamant about return to work for union workers . Main agenda. Me personally I dont think the company is in a position to play hard ball at the moment. I can see a 2 year extension as "talks" continue.FYI ,Im not walking for work at home .I'll will walk to the closest exit though.
ATT and CWA have a tentative agreement on a 4 year contract that includes 14.5% raise, 4% increase to pension(1% increase per year) and increases to medical. We will probably see a similar contract.
Pension math is actually much easier than the cheating the congress allowed once Senator Claude Pepper died. It is called a sinking fund and is no different than life insurance. The problem is that the company underfunded and overvalues to make their personal bonuses better.
The Union has the power at the moment because the current BOD is ALL DEI as are many of the senior execs and a lot of foreign folks in jobs where Americans should be.
The c suite has no friends in Washington anymore. But the union does.
The union should get di-k as a raise.
The people who think we can get a pension are so delisional its not even funny. Would a pension be great? Of course! But you're pretty f'n d-mb if you think you have a 1% chance of that. The power company doesnt even have one anymore. The best we could get is a couple percent extra on a match. 18% gor 4 years would be nice but slim chances.
Let’s see if the Union is as powerful as they say, let’s see if they get a solid contract for all members. The last solid contract we got was getting paid FMLA for 12 weeks eliminated, that was crushing the members, huge win. Also in that big win contract, they won the members paying for medical along with making n-days a part of life. We haven’t seen serious progress since, but as long as our dues are higher then any other Union, the members are “winning” .
Dream on about new hires getting a pension, it ain't happening
Be thankful you still have a pension . And Verizon has been selling that off
New hires are lucky to even be employed in this economy. They're an afterthought and shall be treated,as such.
Are you trying to sabotage the union's negotiations lol. They could ask for 5% and will probably get 3% but there is no way that new hires are getting pensions. It's an unsustainable business model and has proven to be such. Job security is the best you're gonna get and maybe a slight raise