Take it with a grain of salt, but there’s a text message exchange circulating on Facebook that details supposed highlights of the new Deere tentative agreement, from someone present at negotiations. If it’s legit, the new TA contains…
— An immediate 10% raise (up from 5%), plus 5% in 2023, and 5% in 2025, so 20% over 6 years (up from 11-12%).
— new hires will have option of pension or 401k benefit. So *sounds like* they killed the third tier, but devil is in the details.
No new tier, better wages. Wins.
— new hires will have option of pension or 401k benefit. So *sounds like* they killed the third tier, but devil is in the details.
No new tier, better wages. Wins.
What it *doesnt* do is the big one: revert to pre-1997 pension levels or retiree healthcare. That is the white whale for this strike. Lots of members wanted that, lots of members didn’t think it could happen in one contract cycle.
Looks like pension is getting a bump, with the formula baseline up to $48 (it was $42 in the rejected TA, but it’s $53 for pre-97 hires)
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