1-29-10 Negotiations Update #5
Posted: January 29, 2010
January 29, 2010
Update #5 2010 Negotiations
Brothers and Sisters:
As you know our contract is scheduled to expire at 12:01 am this Monday, February 1st, 2010. Since there are still numerous, large items on the table, both parties agreed to extend the contract for six (6) weeks. While we continue to meet in an effort to resolve our issues, we wanted to make our members aware of just a few of the major concession proposals made by the Company. They are:
1) Benefits - the Company proposes:
a) For us to accept management’s entire benefit package for the Medical, Dental and Vision plans.
b) Prescription costs, which are currently excluded, to be included in what we pay for medical costs
c) ALL of which will SUBSTANTIALLY INCREASE YOUR COSTS COMPARED TO WHAT YOU PAY TODAY!
2) Pension Plan – the Company proposes:
a) for the first time ever, reductions for OUR CURRENT MEMBERS:
1) Anyone under the age of fifty (50) as of 09/01/10 TO reduce YOUR pension benefit including ELIMINATING overtime from your RETIREMENT calculations!
b) FOR NEW HIRES:
1) To reduce their pension multiplier from 1.6% to 1.3%.
2) To cap their service calculation at thirty (30) years.
3) To eliminate any paid retiree medical.
These are but a few of the concessions the Company is proposing; however, they would have a HUGE impact on our members. While your Negotiating Committee works hard to bring back the best package possible, we need our members’ support as we go forward. After all, there is no
Fraternally,
Your Local Union #1238 Negotiating Committee
