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2020

WAGE BREAKDOWN - (4/1/2020)

TO ALL MEMBERS WHO ARE ACTIVE AND/OR CURRENTLY WORKING UNDER THE COLLECTIVE BARGAINING AGREEMENTS FOR STRUCTURAL AND ROD


With the current COVID-19 situation in the Province we will not be holding a monthly membership meeting in April to vote on the proposed wage breakdowns that take place the first of May, so I have broken down the increases (as shown below) and have had the Executive Committee review and endorse the following. We will keep these changes posted on the website and also take any comments from members up until April 10th.  Any comments or questions can be forwarded to ironworkers@iw700.com  or call the Hall at 519-737-7110. 

 
The proposed changes are as follows:

 
For Structural: effective May 03,2020 

There is a $1.30 to breakdown and the proposal is as follows- $0.90 to wages, $0.09 to vacation pay, $0.18 to pension (maximum allowed under CRA), and $0.13 to benefits. 

The breakdown on the $0.13 for benefits are as follows:

$0.02 to increase dental benefits to the 2020 Ontario Dental Association Fee Guide
$0.10 to pay towards the funding shortfall (currently projected to be at $.31 for 2020)
$0.01 to Dependant spouse and child life insurance benefit-$10,000 for spouse and $5000 per child (currently the benefit is only paid on the death of a member).
 

For Rodworkers: effective May 01, 2020

There is a $1.20 to breakdown and the proposal is as follows- $0.81 to wages, $0.08 to vacation pay, $0.18 to pension (maximum allowed under CRA) and $0.13 to benefits. 

The breakdown on the $0.13 for benefits are as follows:

$0.02 to increase dental benefits to the 2020 Ontario Dental Association Fee Guide
$0.10 to pay towards the funding shortfall (currently projected to be at $.31 for 2020)
$0.01 to Dependant spouse and child life insurance benefit-$10,000 for spouse and $5000 per child (currently the benefit is only paid on the death of a member).
 

Jason Roe
Business Manager-FST
Ironworkers Local 700


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