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Four Year Contract 2007-2010

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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 contract ... – PowerPoint PPT presentation

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Title: Four Year Contract 2007-2010

1
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 contract 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
• 07/01/07 Year 1 Increase on alary
• 07/01/08 Year 2 Increase on alary
• 07/01/09 Year 3 Increase on
alary
• 07/01/10 Year 4 Increase on alary

3
3
3.5
3.5
4
• 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.

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!
• Base minus (37K x .03) Bonus
• 30,000 minus 37,000 (7,000 x .03 ) 210

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..
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 (Dont ask). Last year that amounted
to 115. Next year it will cost 190 or 60
more. Maybe the kids wont get sick. Maybe they
wont get hurt. Good Luck Jane.
13
Prescription Drug Co-Pays
• Effective 07/01/07 30- Day Non- 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 _at_5 154.50
More
• Take Jill who is now making 51,500
• 51,500 x 5.5 2832.50 - 2575 _at_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
JANE JOE Jill
06 Salary 25,000 06 Salary 30,000 06 Salary 50,000
07 Salary 25,750 07 Salary 30,900 07 Salary 51,500
750 Increase 900 Increase 1500 increase
Health -376 Health - 463 Health - 772
Before taxes 374 Before taxes 437 Before taxes 728
Pension - 129 Pension -154 Pension -257
Before taxes 245 Before taxes 283 Before taxes 471
9.42 / pay before tax 10.88 / pay before tax 18.11 / pay before tax
Bonus 360 Bonus 210 Bonus Zero
Total 605 Total 493 Total 471
No Clothing Allowance Clothing 650 No Clothing Allowance
A Unit EQ 33
22
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
23
VOTE NO FOR RATIFICATION
• Turns Back the Economic Clock
• Provisions are Inequitable to Jill, Joe Jane.
• The Health Pensions Concessions are contrary to