1105 Tape – September 19, 2012
Finally, I am able to advise members that as of 12pm today, CWA, IBEW NY, NE, NJ and Mid-Atlantic have reached a tentative agreement with Verizon on a new collective Bargaining Agreement. For 4 years terminating August 1, 2015.
The following is a brief outline contained in the new agreement.
WAGES: SIGNING BONUS of $800.00
2012 ——- 2.25 % (effective the Sunday after ratification)
8/2013—– 2.75%
8/2014—– 3.00%
PENSIONS: STATUS QUO
Lump Sum Remains
No capping at 30 years
MEDICAL: MEP-PPO / HCN
PREMIUM PAYMENTS: MONTHLY
SINGLE
2012 – $30.00
2013 – $45.00
2014 – $50.00
2015 – $55.00
FAMILY
2012 – $60.00
2013 – $90.00
2014 – $100.00
2015 – $110.00
HEALTH CARE REIMBURSTMENT ACCOUNT (HRA)
$850.000 to offset increases in deductible, co-pays, co-insurance and out of pocket maximums.
Deductibles now apply to out of pocket maximum.
EPO/HMO – Alternate Choice Medical
Premium is 1 ½ times the premium of the MEP-PPO / HCN
EPO is frozen for any new member
RETIREE MEDICAL
No premium payment for members who retire prior to 1/1/ 2013
Members who retire after 1/1/13 will pay same as actives.
Medicare eligible pays only 50% of premium.
PRESCRIPTION DRUGS
Go to the two available schedules which are generic and single source
Must go mail order after 3rd refill
GENERIC————RETAIL————MAIL
2013————–DNP or $8.00……..DNP or $16.00
2014———— -DNP or $8.00……..DNP or $16.00
2015———— -DNP or $9.00……..DNP or $18.00
SINGLE SOURCE————RETAIL————MAIL
2013 ———————–30% DNP or $25———$30% DNP or $50.00
2014 ———————–30% DNP or $25———$30% DNP or $50.00
2015 ———————–30% DNP or $26.50——-$30% DNP or $53.00
OUT OF POCKET MAXIMUM; Increased
Applies only to mail order:
2013 -$600.00
2014 _ $700.00
2015- $742.00
LANGUAGE PROTECTED
JOB SECURITY
FAP
35 MILE RULE
0.7 MOW
CPS (guaranteed $700 minimum)
TAP (Capped at $8000.00 per year and eliminated for Medical & Aviation)
EWD DAYS
HOLIDAYS
DISABILITY (STD & LTD as well as Accident Disability)
WORK & FAMILY: $1.5 million per year, for 2011, 2012, 2013 and 2014 totaling $6 Million.
CHANGES
Pay day moved to Friday
Elimination of the Next Step Program
Absence
10 days paid
4 days exempt from the ACP
An incentive for days not used.
½ Christmas Eve for those members who actually work on Christmas Eve.
Again this is a brief outline.
It’s been a long 15 months and now it will be up to the members to accept or reject this offer.