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HIGHLIGHTS OF THE MEMORANDUM OF AGREEMENT
May 26, 2017
- 5 Year Agreement Expiry July 1, 2022
- $1.33 COLA Rolled in upon ratification and soft
float rolled in at expiry of 5 years.
- 2 Weeks single day vacation entitlement increased
SPECIAL MEMBERSHIP PRESENTATION CONTRACT 2017 MAY 31 st 2017 Two - - PowerPoint PPT Presentation
SPECIAL MEMBERSHIP PRESENTATION CONTRACT 2017 MAY 31 st 2017 Two - - PowerPoint PPT Presentation
SPECIAL MEMBERSHIP PRESENTATION CONTRACT 2017 MAY 31 st 2017 Two meeting times 1 st meeting@ 3:30 2 nd meeting @ 7:30 LEGION BRANCH 163 435 Limeridge Rd. E Hamilton ON Across from Limeridge Mall Your Negotiating Committee is presenting this
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- New Defined Benefit Pension Plan to take effect January 1, 2018 for
members that were hired before October 15, 2011, this plan will mirror our current legacy plan which will be frozen as of December 31, 2017.
- Defined Contribution Plan Increased to $2.65 from $2.50 including
hours for period of Lay-off to a maximum 35 weeks, hours for absence for WSIB and Weekly Indemnity(STD), hours for leave of absence for Maternity/Parental leave at the rate of 40 hours per week, leave for military service per Employment Standards Act (ESA)
- After 40 years of credited service you start collecting Defined
Contributions (DC)
- Legacy Pension $30 million up front, 10 million per year for 5 years
and 15 million per year for 15 years
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- Weekly Indemnity (Short Term Disability) increased to $805 weekly
from $705 weekly.
- Weekly Indemnity (Short Term Disability) waiting period is reduced
to 5 days from 7 days.
- Production Payment Plan (PPP) average to be shared equally across
the plant.
- Lines of Progression (LOP) creation of a new Stand Alone Crane Box
in Cold Mill and a review of all LOP within 6 months jointly between union and company
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- Quarterly Expedited Arbitration added to our current Section
9 Grievance procedure.
- Letter of Understanding Injured and disabled workers will be
paid no less than level 2
- Letter of Understanding (LOU) Permanent Lay-off and
Closure of Department Primary Division 18 months notice if Coke Ovens were to close.
- Include language for opportunity transfer out of Primary to a
new line or new or vacant position elsewhere in the plant.
- Letter of Understanding for outstanding Human Rights
matters to be reviewed providing the individual agrees.
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1st Payment Date: COLA FLOAT = TOTAL COLA FLOAT $0.000 Effective first pay: Stadard Hury b Wage TTA Cass eves Scae Ca Fat SPP Wage Level 1 Student 1st Year
$17.330 $17.330
2nd Year
$19.830 $0.000 $19.830
New Hire
$23.000 $0.000 $23.000
Level 2- J.C. 5 to 7
$27.452 $0.000 $0.266 $27.718
Level 3- J.C. 8 to 11
$28.680 $0.000 $0.418 $29.098
Level 4- J.C. 12 to 15
$29.908 $0.000 $0.570 $30.478
Level 5- J.C. 16 to 20
$31.136 $0.000 $0.760 $31.896
Level 6- J.C. 21 to 25
$32.978 $0.000 $0.950 $33.928
Level 7- Mechanical
$33.285 $0.000 $0.988 $34.273
Level 8- J.C. 26 to 28
$33.899 $0.000 $1.064 $34.963
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- Renew all existing letters of understanding (L.O.U’s).
- 320 Hours for Union to administer ELHT Trust.
- $200 million for OPEB’s over ten years to fund Employee
Life Health Trust (ELHT) to pay for Benefits (OPEB’s) for USW 1005 Retirees.
- Additional Possible funding for OPEB’s (7.59% of any free
cash flow over $200 million per year of the ten year commitment)
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STAKEHOLDER AGREEMENTS
- Pension Agreement
- Pension Deficit Funding Agreement
- OPEB Funding Agreement
- Employee Life and Health Trusts
- Bedrock Guarantee
- Carried Interest Agreement
- Tax Savings Agreement
- Land Vehicle LP Agreement
- Leases
- Province Loan Agreement
- Mutual Global Lease Agreement
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The Collective Bargaining Agreement will only become effective upon the execution and delivery of the Stakeholder Agreements listed
- n Appendix hereto. Such agreements shall be
in form and substance satisfactory to the Negotiating Committee of the Local, such satisfaction to be evidenced by their execution and delivery thereof for and on behalf of the Local or by a certificate signed by the Negotiating Committee if the Local is not a party to any such Agreement. This condition may also be waived in whole or in part by the Negotiating Committee of the Local, such waiver to be evidenced by a written waiver signed by the Negotiating Committee.
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