Retirement Benefits Remain Sticking Point in UAW-Automaker Contract Talks
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Autoworkers used to have generous lifelong health care and pension benefits, which they want restored in current union negotiations.
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These benefits became unsustainable for automakers as the ratio of retirees to active workers increased.
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In 2007, the UAW agreed to a two-tier system, with fewer retirement benefits for new hires.
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Retirement security remains a sticking point in ongoing talks between the UAW and automakers.
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The automakers have offered improved 401(k) contributions and other retirement sweeteners, but the union wants more.
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