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Why Pensions Are Part of Labor Discussions Again
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 Oct. 10, 2024 | RETIREMENT | Nearly four weeks into the Boeing worker strike, the parties are no closer to reaching a union contract. The plane manufacturer offered a 30% pay increase over four years, and union members said no. The major sticking point here? Pensions. Boeing workers stopped getting defined benefit plans a decade ago, and they want them back. Fifty years ago, most full-time workers had a pension. Once they retired, their employers sent them a check every month, until they died. But in the 1980s, pensions started to disappear. … Last year, just 15% of workers had access to pension plans. Now, unionized workers like the ones at Boeing are negotiating to get them back. Whether they’re likely to succeed depends on who you ask. Marketplace
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