[QUOTE=Seapistol;99997]What happens to that retirement money if the mariner quits the company and union after a few years and goes to work for a private company?[/QUOTE]
If you have more than 5 years with a union, you’re vested by federal law.
What about the 401k that has no match?
[QUOTE=Seapistol;100031]What about the 401k that has no match?[/QUOTE]
The 401k is rolled over into SIU Bocce Ball Club located on Mulberry Ave. in Bensonhurst.
[QUOTE=Tugted;99948]you forget that you don’t pay a nickel towards insurance or retirement. Crowley foots the full bill[/QUOTE]
Which is a fair chunk of change. Add in the pension being paid into and it ends up being about the same money as some of these so called high paying non union companies. You have to calculate the total benefits, training provided at no charge etc and pay rate to come up with a fair comparison. These companies are all pretty much the same as far as annual compensation is considered IF you can calculate. These companies are not stupid and they know what they have to pay to retain people [with enough brains to figure their own compensation].
[QUOTE=Seapistol;100031]What about the 401k that has no match?[/QUOTE]
The 401K was implemented at the same time I retired. We were told the company couldn’t contribute to a 401K by law if they were contributing to a defined pension plan. That was at the bottom of the market. The guys I talked to that participated in the 401K, even with no company contribution were pleased with their return.
Also there’s OT after 8hrs that’s not mentioned
Not to beat a dead horse but they run on a 12 hour day not 8 plus OT and the over time rate is strait time pay. So thats a crap point about how “good” things are in the wages. They have done away with the dock/at sea wage scale but they are still short on money across the board.