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| Highlights of October 31 Proposal | Red Line of Offer October 31 Proposal | Health Care Costs | Strike Settlement Agreement October 31 |
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| All Highlights to Date in One Doc |
Latest Company Proposal - October 31st, 2024
With the assistance of Secretary of Labor Julie Su, this updated proposal between the Union and Boeing, includes several key improvements aimed at resolving the strike. In addition to what was offered in the rejected September 12, 2024 offer, here’s a breakdown of the key elements.
We are planning to vote this proposal on Monday November 4, 2024.
Wages: A 38% general wage increase spread over 4 years (13% in Year 1, 9% in Year 2, 9% in Year 3, and 7% in Year 4).
Incentive Pay:The AMPP incentive plan is reinstated, with a guaranteed minimum annual payout of 4%. Including 2024 payout in February, 2025.
Retirement: Company 401(k) match increased to 100% of the first 8% contributed, alongside a 4% automatic company contribution. Removed one time 401k $5,000 contribution.
Pension: The BCERP multiplier benefit increases to $105 for vested employees.
Ratification Bonus: A one-time bonus of $12,000.
Sick Time Call-Out: Reverts to the existing contract language’ call in before shift language removed from contract
Wage Growth Examples and Compounding - Updated to October 31 Proposal
For reference only
Members at MAX rate will receive 43.65% wage growth over the 4-year agreement not including any annual COLA fold in. Those in progression will see an even higher percentage increase over the life of the agreement when adding seniority progression increases. We provided some examples to give you an idea of how you may be impacted. Although none of the examples given include any unknown COLA increases.
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| Wage growth examples Oct 31st offer | Pay History Contract by Contract for reference |
Excel File Wage Growth Calculator - Must have Excel to use
Google Drive of the same calculator Click Here
Click on this image to download the Excel file
Questions or concerns with Excel file
contact Edl@iam751.org
Here is another of the same built into our web site
Wage Growth Calculator Click Here
Issue Specific Language and History Updated to October
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| Compounding Wage Example | One Set of Progression in a Year | Overtime Rules | Retirement Security: 401k Details |
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| Letter Of Understanding 37 | Medical Cost Share Reduction | Why Job Security is Important | Retirement Multiplier |
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| Facilities Maintenance Protections | Key Details | 401k Growth | All Highlights to Date in One Doc |
All other provisions not listed above remain the same as the September 12th 2024 proposal.