By Joel Rose Source: KPBS At a rally here this month, machinists union vice president Gary Allen addressed a hall full of striking Boeing workers. “When I’m out on the picket line, I ask everybody, what is the strike about to you?,” he said. Allen didn’t even have a chance to answer his own question before the machinists in the room interrupted. “Pension! Pension! Pension!,” they chanted. Pensions are a major sticking point between Boeing and the union. The [...]

Source: Yahoo! Finance Boeing machinists are voting on a new tentative labor contract that could end the five-week strike. Salvatore Capizzi, Dunham & Associates Investment Counsel Inc. executive vice president, joins Wealth! to discuss why defined benefit pensions are important for the union. "I think it comes down to the fact that we're all recognizing the fact that we are going to be living longer... If we as a society are living longer, the 401 (k)s, the traditional defined [...]