| Represented Employees Hired on the Effective Date of This Agreement |
| Pension Plan |
| Normal Retirement Benefit (NRB) |
| Accrued Benefit as of closing date under Boeing formula (rolled up with earnings escalator) plus future service benefit under Chem-Tronics formula |
| Benefit Formula |
| .75% x FAE x SVC plus .60% x [FAE - CC] x SVC (Max 35 yrs) |
| Earnings Definition |
| Base Pay Only |
| Early Retirement (ER) |
| Accrued benefit under Boeing plan subject to Boeing ER factors. Future service benefit-Chem-Tronics plan payable at age 55 with 10 years of service, reduced 6% per year from age 65 to early retirement |
| Payout Options |
| Annuity only for Boeing benefit; lump sum or annuity for Chem-Tronics benefit |
| Savings / 401(k) Plan |
| Employer Match |
| 80% of employee deferrals (max 10%) for maximum match of 8% of salary for first 3 years, 50% of employee deferrals (max 8%) for maximum match of 4% of salary |
| Medical (Active and pre-65 Retirees) |
| Plan Design |
| Refer to Plan Summary |
| Employee Cost |
| 1st Year: 3% of the monthly premium (same as current Boeing percentage) |
| 2nd Year: 9% of the monthly premium (transition year) |
| 3rd Year: 18% of the monthly premium (same as Chem-Tronics percentage) |
| Contribution to FSA |
| Equal to difference in value between Chem-Tronics and Boeing benefit plans in year one, 50% of difference in 2nd year |
| Former Boeing PPO EnrolleesFormer Boeing POS |
| Enrollees |
| Year one contribution for EE Only |
| $240 |
| $120 |
| Year one contribution for EE+Children |
| $430 |
| $210 |
| Year one contribution for EE+Spouse |
| $480 |
| $230 |
| Year one contribution for EE+Family |
| $780 |
| $350 |
| Dental (Active and pre-65 Retirees) |
| Plan Design |
| Refer to Plan Summary |
| Employee Cost |
| 1st Year: x% of the monthly premium (same as current Boeing percentage) |
| 2nd Year: 9% of the monthly premium (transition year) |
| 3rd Year: 18% of the monthly premium (same as Chem-Tronics percentage) |
| Vision (Active and pre-65 Retirees) |
| Plan Design |
| Refer to Plan Summary |
| Employee Cost |
| 1st Year: 3% of the monthly premium (same as current Boeing percentage) |
| 2nd Year: 25% of the monthly premium (transition year) |
| 3rd Year: 50% of the monthly premium (same as Chem-Tronics percentage) |
| Ancillary Benefits Company Paid Life Insurance |
| 1 x Base Annual Earnings |
| Optional Life Insurance |
| Up to $1,000,000 (employee paid) |
| Company Paid Short Term Disability |
| 66-2/3% Base Annual Earnings (w/ offsets ie, workers' compensation, federal/state disability) |
| Company Paid Long Term Disability |
| 66-2/3% Base Annual Earnings (w/ offsets ie, workers' compensation, federal/state disability) |