Categorized | Business

ILWU ratifies new contract with Kaiser

MEDIA RELEASE

Kaiser Permanente Hawaii employees represented by the ILWU (International Longshore and Warehouse Union) recently ratified a new three-year collective bargaining agreement.

The contract provides for modest wage adjustments and benefit changes, including a move to a defined contribution retirement plan for employees hired after Jan. 1, 2015.

“The ratification of this new contract reflects give and take by both sides. It demonstrates what is possible when we work collaboratively to seek solutions and to adapt to new operational needs,” said Laura M. Lott, Kaiser Permanente spokesperson. “Kaiser Permanente is following a national and local trend moving toward a benefit cost structure that provides a secure retirement for our employee while ensuring the long-term sustainability of the organization.”

According to the 2012 Employee Benefit Plans in Hawaii survey conducted by the Hawaii Employers Council, Hawaii has seen a steady decline in the number of companies offering defined benefit plans.

In 2009, 30.4 percent of companies reported offering a defined benefit plan. In 2012, that number declined to 24.8 percent.

— Find out more:
www.kp.org

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Become a fan on facebook

 

Quantcast
%d bloggers like this: