WASHINGTON, April 19, 2016 /PRNewswire-USNewswire/ -- Teamster local unions on the East Coast and in California that represent 16,000 Costco members are recommending ratification of a new tentative agreement after members rejected an earlier proposal last month.
Since the previous offer was voted down, the parties met and negotiated a tentative agreement that now has the full recommendation of the bargaining committee.
Although the terms of the settlement cannot be disclosed until members are given the opportunity to ratify the offer, it does include for the first time the opportunity for East Coast Costco Teamsters to participate in the Western Conference of Teamsters Pension Trust Fund.
The California Costco Teamsters have traditionally participated in the pension plan for over 30 years. Language changes and economic changes were made that enabled the committee to reverse its position from a rejection to a positive recommendation of the latest offer.
"The Costco Teamsters collective bargaining agreement has traditionally been the best contract in the organized retail industry and by far exceeds anything that other big box stores provide for their workers," said Rome Aloise, Teamsters International Vice President and Negotiations Chair. "This new offer will give all of the Costco Teamsters the opportunity to maintain that advantage while they are working, and to have a secure retirement in their future."
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters.