Disney trades 25% higher starting wage and 401(k) style match for pension

Posted | Contributed by rollergator

Walt Disney Co. has offered to raise starting pay at its Florida theme parks by 25 percent to $10 an hour over two years. Disney also told the unions it wants to stop offering pensions to new hourly employees starting in 2016. New hires would be offered a 3 percent company match to a 401(k)-style retirement plan.

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