A Path to a Brighter Future
When it comes to pay, most employees are faced with an awkward conversation with their boss about asking for a raise. How often have we all heard, ‘It’s just not in the company's budget’ or ‘Let’s revisit this conversation next year, and we’ll see if we can get close to what you need’? Even worse, how many times have you heard of people taking on a new role with more responsibility without the corresponding pay?
In a unionized organization, the guesswork and awkwardness are taken out of the equation. As a union electrical worker, your contract is well defined under the Collective Bargaining Agreement with such detail that there should be no questions about when your next pay increase will occur.
Your pay shouldn't be something you have to guess about—not now or in the future—whether it’s on your paycheck or in your pension fund.
As of 2024, according to the Bureau of Labor Statistics, only 15% of Americans have access to a traditionally defined pension, which provides the employees with guaranteed retirement benefits based on a plan formula. In fact, most of the American workforce, if given access to a retirement plan, falls under an employee contribution and employer match 401k fund. Oftentimes, the employee then must become a financial expert to know how to make their money grow, on top of their work responsibilities.
In a unionized organization, the employer pays for the pension based on the employees' hours, days, months, and years worked. So that whenever it’s time to retire, the employee can rest with dignity and draw on their pension for the rest of their lives.
To learn more about wages, pensions, and the benefits of being organized, click Learn More below.
