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 $202.71 for yardmasters. The difference is due to the straight-time equivalent-hours component in the national rail contract formula that determines health care insurance cost sharing.
To view the 2008 national rail agreement, click on the following link:
https://static.smart-union.org/worksite/PDFs/Agreements/utu_nccc_070108.pdf
Related News
- Union Leadership Meets with New N.S. Trainees in McDonough, Georgia
- CSX Asks to keep Safety Reports out of the Crew Rooms, Injuries are Up, Fatalities Continue, and Transparency is Down
- WE WILL NOT “SHUT THE !#*$ UP AND DRIVE”!
- Railroad Retirement Benefits Set to Increase in January
- Semi Crushes Member in Decatur, Ill.
- Long-time Union Ally Mikie Sherrill Runs for New Jersey Governor
- FRA Suspends Safety Reports due to Government Shutdown
- SMART-TD to Port Terminal Railroad Association: Your Harassment Stops Now.
- Honoring the Professional Drivers Who Keep Our Children Safe
- Report Transit Assaults to Help SMART-TD Fight Back