Comment on What did UAW members at the "Big 3" gain with their strike?

mmababes@lemmy.world ⁨1⁩ ⁨year⁩ ago

• SinningStromgald@lemmy.world ⁨1⁩ ⁨year⁩ ago

  How much they match contributions to 401k’s I think. So it looks like they match up to 10% now.

  source

  • MeatRobot@lemmy.world ⁨1⁩ ⁨year⁩ ago

    It’s a straight up contribution. For every dollar paid in wages, the company also contributes ten cents to the employees 401k.

    source

    • princessnorah@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

      This is kind of wild to me. In Australia we have a similar thing called Superannuation. Everyone is entitled to 11% from their employer, going up to 12% by the 1 July 2025. Unions bargain for agreements with extra contributions on top of that base percentage.

      source

      • Asafum@feddit.nl ⁨1⁩ ⁨year⁩ ago

        “Everyone is entitled to 11% from their employer”

        That sounds an awful lot like a socialism and from what I’ve been told just doing a socialism once will bring a dictator to your door who will genocide your entire population.

        F’s in chat for Norah. :(

        source
  • quicksand@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Man, that’s really good

    source

    • ChlorineAddict@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Compared to zero, yes, but employers can, and I know some that actually do, match up to 100%.

      source

      • quicksand@lemm.ee ⁨1⁩ ⁨year⁩ ago

        Oh I thought it meant they matched 100% up to 10% of your paycheck. That’s how my work does it but only up to like 3% and then 50% for another 3%

        source

        • -> View More Comments
      • prole@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

        Based on what someone else said, this isn’t a match but a straight up contribution. So if that is to be believed…

        source

        • -> View More Comments
• Waluigis_Talking_Buttplug@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I’d assume it means not all workers get the boosted 401k benefits, probably due to vesting timeline or position

  source