Pension Holders Push Boeing Machinists Toward Deal
Six political leaders have urged machinists in the Puget Sound to accept a proposed contract from Boeing that moves them away from a fixed-payment pension plan—even though the officials have the same type of retirement package.
On Monday, government and other officials gathered in Everett, Wash., to talk about the importance of machinists accepting a new contract this week. Six called on union members to accept the deal, including one who is already drawing pension payments and five others who are expected to do so upon retirement.
Snohomish County executive John Lovick currently earns about $150,000 a year and is separately drawing more than $60,000 in pension payments from his career in the Washington State Patrol, according to records obtained by The Associated Press under public records law.
Lovick said he did not have the expertise to assess the differences between retirement plans and didn't know how much machinists would have to surrender under the plan.
He said his push for a deal centered on job security because Boeing is vowing to produce the new 777X airplane in the region if the contract is approved.