Brief summary of the IAM's 272-page contract proposal to Boeing
Job Security
* To stop offloading and subcontracting of existing hourly work.
Also to bring work that
has been subcontracted back in-house to have hourly IAM members
perform the work.
* Language to prohibit any in-plant subcontractors.
Retirement Plan
* Significantly improve Boeing pension plan.
* Add IAM Pension Plan as a supplemental plan, in addition to
the Boeing plan.
* Improved early retirement package including improvements to
retiree medical.
* COLA for retirees.
Medical Plan
* No reductions in medical coverage.
* Reduce co-pays and enhance benefits while continuing to keep
plan costs down.
* Expand prescription drug program.
Life Insurance
* Significant increase to life insurance.
Vision
* Increase vision care benefits.
* Add one set of occupationally required prescription safety glasses
during a 1-year period.
Dental Care
Enhance and expand coverage.
After layoff, dental coverage similar to medical coverage offered.
Orthodontic Care
* Significantly increase orthodontia lifetime maximum.
Voluntary Investment
Plan
* Meaningful increase to amount members can contribute.
* Increase Company contribution.
Bereavement Leave
* Expand bereavement leave.
Vacation/Sick Leave
* Improve vacation/sick leave accumulation.
Holidays
* Add additional holidays.
Family & Medical
Leave
* Expand language on family and medical leave act.
Jury Duty/Witness Duty
* Expand jury and witness duty.
General Wage Increase/Lump
Sum Bonus
* A General Wage Increase (GWI) and bonus.
COLA
* Maintain current cost of living language.
Seniority Progression
Increase
* Reduction of time to achieve maximum pay rate
Shift Differential
* Propose increase in second and third shift differential.
Overtime
* Eliminate mandatory overtime -- all overtime is on a strictly
voluntary basis.
Jobs Committee
* Upgrades for numerous jobs, as well as changes to job descriptions
to better fit the existing workload.
Workforce Administration
* Expand/enhance Category A (recall rights).
* Revise lateral transfers using volunteers and seniority.
* Improve work rules.
* Downgrade rights without time limitation for employees with
10 or more years seniority.
* Downgrade rights extended if job is held for 30 calendar days.
Health & Safety
* Expand HSI and Site Committees to further promote safety in
the workplace.
QTTP
* Increase the Company contribution to QTTP.