Just wanted to give kudos to the negotiating team forrepresenting the rail road unions. Not agreed to and ratified yet but a strong offer in my opinion.
The offer:
The tentative agreement calls for an immediate wage increase of 14% once compounded with an additional 4% on July 1, 2023, and 4.5% on July 1, 2024. In addition, wage increases of 3% effective July 1, 2020, 3.5% effective July 1, 2021, and 7% effective July 1, 2022, will be fully retroactive, for a compounded increase of 24% over the 5-year term of the agreement. The agreement also includes annual lump-sum bonus payments totaling $5,000.
The parties’ Health and Welfare Plan point-of-service costs will remain unchanged; there will be no increases to copays or deductibles and there are no disruptions to the existing health care networks.