View Full Version : 659?
12-07-2007, 11:30 PM
How did you guys do in negotiations? Did they whack company retirement?
These guys make the Scotts look like Spend Thrifty Christmas Shoppers!
01-04-2008, 09:59 PM
Anything on retirement?
IN THE SHADOWS
01-04-2008, 10:14 PM
Patriot.....I only have 2nd and 3rd hand info on what 659 settled for on the pension. As soon as I get a hold of the actual language I will post it. It did sound like the defined benefit plan for new hires is gone for sure. I dont work under the 659 agreement, but pretty close by.
01-26-2008, 02:44 PM
I heard they froze the retirement but added % to the 401K. Being that if you are 53 or 56:D , whatever your retirement is at that time, that is what it will be when you go out the door.
02-22-2008, 10:09 PM
I guess if we want to get an extension to our contract, we will have to accept 659's retirement plan. Doesn't sound to good. Cashed out, rolled into a 401 and a little more on the match to the 401. And no more company retirement.
03-17-2008, 09:40 PM
No it is just froze, and it will have no growth. With a few percentage added to the 401. I was told that is what 659 accpeted.
Powered by vBulletin® Version 4.1.5 Copyright © 2013 vBulletin Solutions, Inc. All rights reserved.