Walt Disney World Offers Minimum Wage Increase and Elimination of Pensions
Walt Disney World offered a new contract to its largest labor group that would increase starting pay for full-time workers to $10 an hour, but eliminate pensions for future hires, according to the Orlando Sentinel. Under the deal, starting pay would immediately rise to $9 an hour this year (from $8.03), increase to $9.50 next year and then to $10 in 2016. As part of the deal, workers hired on or after Jan. 1, 2016, would not be eligible for pensions, but would be enrolled in 401(k) plans instead. The Service Trades Council, a coalition of six unions that represent more than 20,000 full-time workers at the resort, is reviewing the deal.