Contract Ratification Update

Local 2432 Brothers and Sisters,

Below are highlights from the new contract which we’ll be bringing to you for a ratification vote soon:

EVERGREEN STUDY

The Evergreen Study will be implemented for all three bargaining units which merges pay grades (no more General/Enterprise/Tier A/Tier B). Employees have started receiving letters explaining their individual classification change and wage info.  All employees should receive their letter within the next week.

WAGES:

October 2015 :

  • 2.5% Wage Increase
  • 1.5% Merit Increase

October 2016:

  • 2.5% Wage Increase
  • 1.5% Merit Increase

October 2017:

  • 1% Wage Increase
  • 0.5% additional wage increase if Pension funding meets threshold

PENSION:

30 years and out for those covered under the new normal retirement date calculation. An employee would have had to work until age 60 regardless of when hired (example: 20 year old currently has to work 40 years to retire)

HEALTH INSURANCE:

No employee premium increase, FSA card was increased (ratified December 2015)

No health insurance coverage in retirement for employees hired after ratification

We are working towards a ratification date of April 5, 2016.   The proposed contracts will be posted on the website very soon for members to review.