Why Striking Workers Are Pushing to Get Pensions Back
- Social Security COLA: Projected 2025 Payments Tick up on Latest Inflation Data
- Thousands of Social Security Recipients Will Soon Qualify for Bigger Payments
- 3 Moves to Make if You're Retiring in 2023
- Retirees Can Now Wait an Extra Year Before They Have to Withdraw From Their 401(k)s
- Dollar Scholar Asks: How Often Is Too Often to Check My 401(k)?
Don’t touch that dial: Hot labor summer seems to be stretching into the fall.
With the Writers Guild of America strike finished and SAG-AFTRA in negotiations, focus has turned to the United Automobile Workers union, which began striking in mid-September. Like their counterparts in entertainment, the members of the UAW are pushing for better pay — but they’ve also included a unique request on their list of demands.
The UAW wants Ford, Stellantis and General Motors to bring back pensions, which they stopped offering to new hires amid the 2008 financial crisis. Employees now get the option of a 401(k), but the UAW says on its website that “all workers deserve the retirement security UAW members had for generations.”
Here's what you need to know about pension plans.
Defined contribution vs. defined benefit
