Today's Deal Promo Box - A&M sign

Login or Signup

Facebook user?
You can use your Facebook account to log in.
Join The Community
Login | Register | Subscribe
 
HomeNewsNews

Small pensions, lack of severance will harm some, employee says

Closure putting steelworkers back in job market

Closure putting steelworkers back in job market
Font Size:
Default font size
Larger font size

CHICAGO | A steelworker at Ryerson's 111th Street facility expects to lose his job with "zero chance" of being transferred to Burns Harbor and "zero chance" of being able to live on his pension.

Although the worker, who asked not to be identified, said he is eligible for retirement benefits, his pension will total about $1,000 monthly, plus a $400 monthly "kicker," which is reduced by a percentage of the amount of money earned at another job.

"If you earn $8,000 (a year), that completely wipe, the kicker out," he said. "I'm in my 50s so I need to get another job. If you're pension age, that's another story."

Plus, he contends workers are concerned because the United Steelworkers union contract with the company doesn't contain severance benefits. He contends the majority of the union plants where Ryerson will be sending the work currently done at 111th Street have severance in their contracts.

"The union negotiated a new contract for us a year and a half ago and forgot to put in severance," he said. "How was that overlooked? Or, wasn't the union wasn't able to get severance in a shutdown situation."

Joe Fabbre, staff representative for USW Subdistrict 1, District 7, said he isn't sure if that's the case, but the lack of severance benefits in a contract doesn't mean the workers won't get them.

"Whenever there is a shutdown you do 'effects' bargaining and that's when you sit down and negotiate shutdown benefits even though they aren't spelled out in the contract," he said. "Sometimes companies won't put them in a contract. They still have to sit down and negotiate with us. Some companies take a different approach but nine times out of 10, we're able to do it."

During contract negotiations, the union is more concerned with ongoing operations rather than with severance, which Fabbre called "taking a negative approach."

Copyright 2012 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Print Email

Sponsored Links

Current Conditions
33° F
Sponsored by:
Promo Banner - iPad App

Latest Local Offers

Winey Insurance Agency
Teen Drivers
Winey Insurance Agency
Emergency Towing Services Available
Ask Auto Towing and Lock Out Service
Ciao Bella Ristorante
Carnivale di Venezia Wine Dinner- Tues, Feb 21st Six Courses. Reception 6:30 Reservations Required 322-6800
Ciao Bella Ristorante
Seminar
Levin Tire Center
$24.95 Oil Change w/ 4 Tire Rotation Special...
Levin Tire Center

Featured Businesses

Hint: Enter a keyword that you are looking for like tires, pizza or doctors or browse the full business directory, powered by Local.com

Poll

Do you support the preferred route chosen for the Illiana Expressway?

Loading…
Yes
No