Word: pension
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...Pension Plans...
While many employees are concerned with salary inequities, the economic problem which most workers and HUCTW organizers emphasize is the pension plan...
...Most plans take social security into account. Before 1986, the Harvard pension was calculated and then 80 percent of an employee's social security was deducted. Now we take a lesser cut of social security," said Joan Bruce, who is in charge of employee benefits. Bruce adds that Harvard's social security plan is viewed by other employers in the Boston area as "generous...
HUCTW organizers argue that unionization will improve pension benefits, using the Yale contract agreement as a case in point...
...Yale contract improved pensions by approximately 10 percent, according to Richard Silva, Yale director of benefits and records. The contract assured that pension benefits would be calculated independent of social security benefits...