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Tartalom megjelenítő

4-Year Contract

September 1, 2022 through September 1, 2026
Last Updated: 11/8/2022

TENTATIVE AGREEMENT HIGHLIGHTS

Wages
The tentative agreement includes a 5% base wage increase each year for 4 years, equal to 21.55% compounded. Combined with our uncapped profit-sharing, this keeps you among the best paid workers in the industry. 

Appreciation Bonus
The tentative agreement also includes a $4,000 Essential Worker Appreciation Bonus payable upon ratification.

Inflation Protection
You’re protected from inflation through the Inflation Recognition Payment, which provides quarterly payments if inflation hits certain markers. 

Profit Sharing
Our uncapped profit sharing is the same. For the third quarter 2022, profit sharing is more than $25 per hour – which puts cash in your pocket. 

Active Healthcare
We heard how important it is for you to keep your same providers, and this agreement preserves your current healthcare options. 

Pension and Retirement
To add additional security for your retirement, the agreement includes an increase in hourly contributions to the SteelWorkers Pension Trust (SPT) by $0.50/hour. 
In addition, employees hired after January 1, 2016 will receive an additional $0.10/hour contribution to their Retiree Healthcare Account. 
The defined benefit multiplier increases to $126 for future years of service (post January 1, 2023) and $115 for past years of service. 

Floating Holiday
Aligned with U. S. Steel’s commitment to diversity and inclusion, you’ll receive one floating holiday each year that you can use to celebrate a day that is important to you. 

Vacation
Employees with more than 30 years of service will receive an additional week of vacation, for a total of 6 weeks. 
For newer employees their vacation eligibility begins after their probationary period.

Leaves of Absence
12 days paid time off for victims of domestic violence and 2 weeks paid parental leave. 
 

 


$4,000 in Guaranteed Pre-Tax Cash Payments
  • $4,000 lump sum “Essential Employee Appreciation Bonus” payable upon ratification

*Subject to reduction by applicable taxes


No Changes to the Current Un-Capped Profit Sharing Plan
  • Continued, un-capped profit-sharing
  • 7.5% on profits between $10 and $50 of Profit per Ton Shipped
  • 15% on profits above $50 Per Ton Shipped

More Than 21%* Guaranteed Base Wage Increases Over Life of Contract**
  • 5% increase each year


  *Compounded total increase over 4-year contract
**In addition to the protections provided by the Inflation Recognition Payment language in the Contract

Excellent Retirement Benefits
  • $0.50/hour increase in hourly contributions to the SteelWorkers Pension Trust

 


Competitive Retiree Healthcare
  • No changes to plan design or monthly premiums for those eligible for the Retiree Health Program (RHP)
  • $0.10/hour increase in contributions to the Retiree Healthcare Account for employees hired after 1/1/2016

Active Health Insurance Coverage With No Premiums
  • No changes to 2018 BLA, current healthcare options preserved

Improved Holiday, Vacation, and Leaves of Absence
  • One floating holiday each year that you can use to celebrate a day that is important to you
  • 6 weeks of vacation for those with more than 30 years of service
  • 12 days paid time off for victims of domestic violence and 2 weeks paid parental leave.

Continued Investment in USW-Represented Facilities
  • $1B capital investment commitment over time of contract (2022 - 2026)