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UAW-CIO Delegates Return From Chicago Parley on Guaranteed Pay
Local 674 delegates recount a two year study concluding existing guaranteed wage plans fall short. They outline six principles from the 1953 convention including year round employment incentives, guaranteed income when work is unavailable, joint union-management administration, and a pay as you go plus reserve funding model with reinsurance to spread risk. The piece notes automakers could fund a robust reserve pool larger firms can handle.
MENTIONED IN THIS ARTICLE
Uaw-Cio
Chicago
UAW
Modifica
International Executive Board
United States