US - Boeing and the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001 (SPEEA) have reached a tentative agreement which would preserve the defined benefit pension (DB) scheme for new employees, the union has said.
In addition, the text of the agreement stated that for the majority of SPEEA-represented employees who retired under the alternate, pay-based pension formula, base-salary increases and Employee Inc...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
