Proposal
4-Year Contract
September 1, 2022 through September 1, 2026
Last Updated: 12/20/2022
$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%* 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)