The benefits weren't "stopped", they were swapped out to something that's really a better model for everyone. Defined benefits plans are very hard to administer and they often fail when the investments don't deliver. At least defined contributions are more transparent for everyone.
You left out where I specified the pension. They were stopped.
I personally prefer a 401k - it enables greater career mobility, but also requires greater knowledge and planning by the employee.
In an area or industry with few comparable employers, they might not value that flexibility as highly. They’re allowed to negotiate for the retirement plan they want.
https://www.nytimes.com/2024/10/24/business/boeing-union-str...
> What a great way to alienate people that haven’t gotten a pay rise at all for years to your cause.
What other opinions matter in the negotiation between the union and the employer?