Get more! Sign up for PLANSPONSOR newsletters.
Benefits February 13, 2012
Casino Union Asks for Boycott of Tropicana for Pension Termination
February 13, 2012 (PLANSPONSOR.com) – Atlantic City’s main casino union is asking groups that have booked conventions at the Tropicana Casino and Resort to book elsewhere due to a pension contributions dispute.
Reported by Tara Cantore
According to the Associated Press, Local 54 of Unite-HERE says it asked 30 groups to cancel bookings at the Tropicana to protest the casino’s intention to terminate pension plans for its employees. Last month the Tropicana declared it will implement its final offer, which includes an end to pension contributions.
The AP report states that under the offer, the Tropicana would contribute $1.77 per hour per employee that would have otherwise gone into a pension fund into the employees’ 401(k) plan or in a lump-sum cash payment, which would be at the discretion of each employee for as long as they work at the casino.