DEFYING CONVENTION: CASH BALANCE? YES, SAY BOEING WORKERS; UNION BELIEVES THAT MOST MEMBERS WOULD FARE BETTER.

Pensions & Investments,  October, 1999  by Anand, Vineeta

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SEATTLE - Despite howls of protest against cash balance plans at companies nationwide, some Boeing Co. unionized employees actually want the company to include them in its new cash balance plan. Boeing converted its traditional pension plan, with $15 billion in assets, to a cash balance plan on Jan.

1, but did not offer that option to union workers. Now, the Society of Professional Engineering Employees in Aerospace, which represents 22,000 of Boeing's 203,800 employees, is expected to mention the issue, informally, in upcoming contract talks. Union executives hope the company ...

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