Thursday, May 12, 2005 Local Lodge 2171 in Johnstown PA concluded negotiations
with Lockheed Martin AeroParts Company.
A meeting was scheduled and held on Friday May 13, 2005 for the membership to
vote their decision on ratification action. The results of those meetings are as
follows: 64.4% voted to accept the contract; 35.6 voted to reject.
following highlights are provided for your review:
3 Year Agreement
effective 14 May 2005 through 16 May 2008
4%General Wage Increase the first year and 3% in the
second and third year
All GWI's applied to all minimum and maximum rates
$1500.00 ratification bonus
to be paid after ratification
Capital Accumulation Plan from $150.00 quarterly to
Increased Basic Life Insurance coveragefrom
$20K to $24K
Increased Accidental Death and Dismemberment
coveragefrom $20K to $24K
Increased 401k match amount of 50% up
to $42.00 to 50% up to $51.00
Increased Short Term Disability benefitfrom
$240.00 weekly to $280.00 weekly
Weekly Employee Medical Contributions capped at 8% of
Three Tier Prescription Drug Plan
with 10% up to $10, 30% up to $20 and 50% up to $50 max co-pays. Mail
order @ 90 day supply for 2 month cost.
New Healthcare language
to attempt to secure additional medical plans
areas of improvement in contract language.