Why are pre 2012 Union employees getting any match on their 401k?

I don't understand how they are receiving a 83% match per dollar from the company along with their pension.

I heard directly from our delegate that the company turned down talks about increasing the match for new hires. We instead get this cps 4k which really amounts to not much more then our stock together payout which has now come to an end.

The company is just moving money around, giving the illusion that the new hires are getting something new. What I find funny is how the pension band increase each year by 1% which is more then the cps payout.

#401K #Compensation #Pension #Union

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Next stop Union raising dues.

@OP Jelly? SAD

A Union without a pension! Lol what is the point. Go become an electrician.

@OP Ya gotta fight the fight to earn the right
less you let your silence defeat the the righteous
to those, so-self-called, folks on the "right?".

@a7
2008 The healthcare went away,
2012 The pension went away.
2016 All pre-medicare but still on the job future retirees are gonna pay BIG TIME for medical coverage, no matter how long ago you were hired.

@OP, thanks for carrying their water in our collective middle-class race to the bottom.
You're making the one-per$enters proud son.

Old Timer's opinion:
Sacrifices = Benefits
whereas
Capitulation = Manipulation.

That's why we should all vote NO so the sides can go back to the negotiating table, but we know the tentative agreement will pass with flying colors.

@a3 post pension employees. 2008 The healthcare went away, post 2012 the pension went away. If you’re in between that, you’re doubly fcked.

You need to read the contract. A 1% raise on the pension is roughly $360 a year. A lot less than 4k. Also it’s true you lost STI, but it got added to cps awards. The 4k a year is an additional benefit given only to post 2008 employees who don’t have a pension.

Thread regarding Verizon Communications Inc. layoffs

Why are pre 2012 Union employees getting any match on their 401k?

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