Contract ratifications vote Saturday May 5th. Construction members of Local 44, 532, and 768 with paid up dues receipt travelers working in area for at least six months. This package come out with a do pass recommendation from the negotiation team you elected. The basic package economics are:
Fully Funding Lineco Insurance,
Addition of a Bennie Card (HRA) for first time ever, 25cents per hour.
2018--3% wages + .25 HRA + .05 Annuity = 3.6% Wages = 45.74
2019- 1.64 period pension fund increase + .05 Annuity = 3.7% lineman Classifications (Larger percentage for Operators and Groundman and Gas classifications)
2020--2.75% wages + .10 Annuity = 3% Wages to 47.00
Using 1892 hours {11 months work @ 40 hr's}, times $1.64 = $3103 per year into the pension fund. A person working 2 more years would add $6206 more into their account. Take that times the mod factor of 1.5% = a $93 increase in just these 2 years. 5 years would result in an increase of $232, and a person that has 10 years before retirement would add $464 a month to his retirement. These figures are based on straight time only. Any overtime would increase this.
The groundmen end up with a 15.3% economic package over 3 years.
The operators get 12.6%. And lineman get 11.3% over 3years
Three year agreement.
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