Summary Report: Pyramid Corporation

Notes:

  • This summary reflects information available at the time of ratification.
  • Values between brackets represent information from the previous agreement.

General adjustments

Adjustments
January 10, 2016 -5.77%

Prover Operator 2

Total Package - Hourly Rates Wages
Previous Wage $35.28
January 10, 2016 $33.24

Field Electrician

Total Package - Hourly Rates Wages
Previous Wage $49.53
January 10, 2016 $46.67

Hours of Work

40 hours per week [unchanged].

Overtime

Time and one-half the regular hourly rate for all hours worked in excess of 8 hours per day or 40 hours per week [unchanged].

Health and Welfare

Life Insurance/Accidental Death and Dismemberment: $100,000 [$60,000] per employee.

Short-Term Disability:  Maximum of $600 [$700] per week.

Long-Term Disability: Maximum of $2,600 [$3,000] per week.

Drug Plan: 80% of $3,000 [$2,000] per year and 100% thereafter.

Employer Contributions

Registered Retirement Savings Plan: Employer contributes 3.0% of gross earnings into individual Registered Retirement Savings Plan account; employer contributes an additional 3.0% on behalf of those employees with more than 13,500 hours’ employment with Pyramid Corporation if the employee matches the 1.0% contribution [unchanged].

Pension Fund:  Employer contributes 2.0% of gross earnings [unchanged].

Health and Welfare: $1.62 ($1.51) per hour worked.

Clothing / Tool Allowance: $0.30 per hour worked [unchanged].

Training Fund: $0.10 per hour worked [unchanged].

Education Fund: $0.08¢ per hour worked [unchanged].

Vacation and Statutory Holiday Pay: 10% of gross earnings [unchanged].