Ft. Smith Ratifies Contract
March 17, 2008
Members at Ft. Smith, UAW, Local 716, ratified a new labor contract on March 15, 2008, by a vote of 304 for and 99 against. Highlights of the new contract are as follows:
Wages:
$.60 yr.1
$.40 yr.2
$.40 yr.3
Pension:
$2.00 yr1 to ($40.00)
$0 yr2
$0 yr3
Insurance cost sharing:
21% yr.1
22% yr.2
24% yr.3
Prescription Drug Co-Pays
Generic single source Multi source
yr.1 $6 $26 $31
yr.2 $6 $28 $35
yr.3 $6 $30 $40
* generic copays will remain ay $6.00 as long as 40% of the membership completes the
Life Steps Scorecard by 1/1/2010, and 50% - by 1/1/2011
* mail order is required on the 3rd refill @ 2.5 times copay on all mainenance medications.
2 Tier Benefits for those hired after 3/16/08
