Reported 30 days ago
Boeing employees are advocating for the reinstatement of traditional pension plans that the company abandoned a decade ago, but experts argue that this is unlikely to succeed due to Boeing's current financial challenges. The union negotiator suggested exploring alternative defined-benefit options, but reinstating the plans would require significant concessions from the company, which has moved away from this model. The trend has seen a sharp decline in defined-benefit plans, with only 18% of workers covered by them by 2022, compared to 62% in 1983.
Source: YAHOO