Ericksen's pilot project prompts questioning
In Our Opinion
This past week, state Sen. Doug Ericksen, R-Ferndale, announced his intentions to introduce a bill in legislative session in regards to a $10,000 incentive to state workers who agree to switch from their state pension plan to a 401(k)-style retirement plan.
Ericksen’s proposed bill is similar to Boeing’s recent campaign of paying up to 31,000 machinists a $10,000 signing bonus for training their pensions as part of the contract extension that guarantees assembly of the 777X in Washington state.
As a result of the contract extension, the machinists gave up their pensions in exchange fo...
For access to this article please sign in or subscribe.