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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?

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Four Year Contract 2007-2010

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  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.

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