A cost-of-living adjustment will be made Jan. 1 to UTU-member wages governed by the national rail contract.
The amount of the COLA, based on a formula contained in the national rail contract, is three cents per hour.
The COLA reflects a low rate of consumer inflation. By contrast, Railroad Retirement and Social Security benefits will be frozen at the 2010 level in 2011 owing to the low-rate of consumer inflation as calculated by the U.S. Labor Department’s Bureau of Labor Statistics.
The national rail contract also provides that health care insurance cost sharing will increase slightly in 2011. Effective Jan. 1, the employee contribution will be $202.90 monthly for operating craft employees, and $202.71 for yardmasters. The difference is due to the straight-time equivalent-hours component in the national rail contract formula that determines health care insurance cost sharing.
To view the 2008 national rail agreement, click on the following link:
https://static.smart-union.org/worksite/PDFs/Agreements/utu_nccc_070108.pdf
Related News
- Safety Starts With Us
- BNSF Seeks Dangerous RCO Waiver
- Mourning the Loss of Brother Benjamin Bicknell
- I’m Not Qualified =’s I’m Not Doing It!
- Train Lengths Would Be Capped Under New Arizona Bill
- Senate Hearing Highlights the Good, the Bad, and The Ugly of RRB
- On-Duty Assault Leaves Amtrak Conductor Facing Financial Hardship
- Transit Equity Day: Remembering Rosa Parks
- Railroads Have Short Memories: East Palestine 3 Years Later
- RIDER Safety ACT Aims to Curb Transit Assaults Nationwide