I thought that there was a COLA adjustment in the contract every other year with 5% increases in the opposite years - no?
I think the thing the are looking for now is full pension and full health insurance after they retire, paid by Deere, until they die. Seems like they want to work for 25 years (not have to save anything during that time) retire and get Deere to keep paying them throughout their retirement.
I might have to tell my nieces and nephews to skip the engineering degree and go straight to Deere.
- ~$46K starting base salary - up to $70K base (in today's dollars)
- Estimated 30% raise in the next 6 years (5%+5% guaranteed)
- No expense for 401K investment - paycheck and healthcare for life
- No monthly expense for healthcare - no deductible - no copay
- Overtime & CIPP (whatever that is - sounds like +15%??)
Dang - gotta HS classmate in Quad Cities - might have to check into that more.