1 / 23

Four Year Contract 2007-2010

Four Year Contract 2007-2010. Tentative Agreement Subject to Ratification Members have a right to approve or reject a Contract by vote. Ask yourself: Is this con tract in the best economic interest of you & your family?

april-hamilton
Download Presentation

Four Year Contract 2007-2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Four Year Contract2007-2010 • Tentative Agreement Subject to Ratification • Members have a right to approve or reject a Contract by vote. • Ask yourself: Is thiscontract in the best economic interest of you & your family? • Ask yourself : Did the CWA National act in your best interest or for other motivation?

  2. Givebacks -Concessions • 1.5% base salary pay toward Health Benefits • .5 % of base salary into pension system. • Ask yourself: Is this turning back the economic clock?

  3. Across the Board Increases 3 % • 07/01/07Year 1: Increase on $alary • 07/01/08 Year 2: Increase on $alary • 07/01/09Year 3: Increase on $alary • 07/01/10Year 4: Increase on $alary 3 % 3.5 % 3.5 %

  4. Administrative/Clerical Equalization • The salary tables of the A Bargaining Unit will be adjusted to reflect the P,R, & S Units. The equalization provision adds $50 to $125 to the annual salary to workers in the A bargaining unit. Administrative/Clerical Equalization

  5. Bonus for Workers Making Less than $37,000 • Employees making less than $37K receive their % raise plus a cash bonus. • The bonus is calculated per the following formula: Base$ minus $37K times .03% = Bonus

  6. Do the Math! Example 1. Jane makes $25,000 and will get a 3% raise: .03 x $25,000 = $750 plus $25,000 = new salary of $25,750. Now calculate the bonus….. • Base$ minus $37K x .03% = Bonus $25,000 minus $37,000 = ($12,000 x .03 %) = $360

  7. Do the Math! Example 2. Joe makes $30,000 and will get a 3% raise: .03 x $30,000 = $900 plus $30,000 = new salary of $30,900. Now calculate the bonus….. Base$ minus ($37K x .03%) = Bonus $30,000 minus $37,000 = ($7,000 x .03 %) = $210

  8. CLOTHING ALLOWANCE • July 1, 2007 Clothing Allowance = $650 • July 1, 2008 Clothing Allowance = $650 • July 1, 2009 Clothing Allowance = $675 • July 1, 2010 Clothing Allowance = $700

  9. Health Benefit Concession • Effective July 1, 2007 1.5% of your salary will be deducted for the cost of health care. Scenario #1 Jane makes $25,000 and receives her July 07 raise. Her new base salary is now $25,750. The cost of her health share cost is calculated by the following formula: Base $alary X .015 = Health Care Cost $25,750 X .015= $ 386.25 More than half of the increase eaten away by the health care give-back! Recall that Jane also received a $360 bonus but that was eaten away by the increase in gasoline and heating oil

  10. Health Benefit Concession Scenario #2 Joe makes $30,000 and receives his July 07 raise. His new base salary is now $30,900. The cost of the health share cost is calculated by the following formula: Base $alary X .015 = Health Care Cost $30,900 X .015= $ 463.50 More than 1/2 of the increase eaten away by the health care give-back! Recall thatJoe also received a $210 bonus but that was eaten away by the increase in prescription drugs & co-pays.

  11. Health Benefit Concession Example #3 Jill makes $50,000 and receives her July 07 raise. Her new base salary is now $51,500. The cost of the health share cost is calculated by the following formula: Base $alary X .015 = Health Care Cost $51,500 X .015 = $ 772.50 More than 1/2 of the increase eaten away by the health care give-back! Jill received no bonus but faced the same increases in gasoline, heating oil and prescription drugs & co-pays as Jane and Joe.

  12. Increased Medical Co-pays • Effective 07/01/07: Doctor visit co-pays increase from $10 to $15 or 50%. • Effective 07/01/07: Emergency room visit co-pays increase from $25 to $50 or 100%. Remember Jane making $25,750 now with her new base salary. She is a single Mom with a two-year old and a seven year-old. Last year the family had six visits to the doctor and two emergency room visits (Don’t ask). Last year that amounted to $115. Next year it will cost $190 or 60 % more. Maybe the kids won’t get sick. Maybe they won’t get hurt. Good Luck Jane.

  13. Prescription Drug Co-Pays • Effective 07/01/07 30- DayNon- Mail Order: • $3 Generic Drugs • $10 Brand Names(where there is no generic equivalent or the patient is unable to use the generic.) $25 Brand Names (where there is a generic & patient does not have doctor certification for exclusion.) NEW

  14. Prescription Drug Co-Pays • Effective 07/01/07 90-Day Mail Order: • $5 Generic Drugs • $15 Brand Names(where there is no generic equivalent or the patient is unable to use the generic.) $40 Brand Names (where there is a generic & patient does not have doctor certification for exclusion.) NEW

  15. Pension Deduction Increase • All Bargaining Unit Employees shall increase their Pension contribution from 5.0 % to 5.5% • Jane makes $25,000 • 07/01/07 her salary increases to $25,750 and will contribute $1287.50 per year (5.5% x 25750) – (5.0% x 25750) = Differential • $1416.25 -1287.50 =$128.75 more

  16. New Preferred Provider Organization (PPO) Health Plan • Effective January 1, 2008 • Features no gate-keeper to approve referral to a specialist. • Features a broad national network, • Traditional Plan and NJPlus no longer available for active employees. • Will Retirees retain Traditional Plan and NJPLus? or Enroll in New PPO

  17. PENSIONS • An employee hired after 07/01/07 making more than the S.S. Max ($97,200) will participate in the D.B. Plan for salary up to that amount. • The salary in excess of SS Max will be subject to a D.C. Plan with the employer contributing 3% and the employee contributing 5.5%.

  18. PENSIONS • All B.U. Employees shall increase their Pension contribution from 5.0 % to 5.5% Take Jane the single mom making $25,000: • 07/01/07 her salary increases to $25,750 and will contribute $1416.25 to her pension. • That amounts to $128.75 more at the 5.5% rate.

  19. PENSIONS • Take Joe who is making $30,900 • 30,900 x 5.5% = $1699.50 - $1545@5% =$154.50 More • Take Jill who is now making $51,500 • 51,500 x 5.5% = $2832.50 - $2575@5% =$257.50 More

  20. PENSIONS Two-Tier Provisions • Employees hired after 07/01/07 must reach sixty (60) for full retirement without penalty. • Early retirees between 55 and 60 will incur a 1% per year penalty.

  21. The Worm in the Apple There never was a juicy Red Apple to be negotiated because that apple was eaten away before it was placed on the table by: 3.2% THE WORM of INFLATION

  22. VOTE NO FOR RATIFICATION • Turns Back the Economic Clock • Provisions are Inequitable to Jill, Joe & Jane. • The Health & Pensions Concessions are contrary to motions made by the members. • Other Unions were given better benefits. • Ideologically it sets the labor movement back 50 years. • The increases do not keep up with the rate of inflation. • The National played political football at our expense.

More Related