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W age Chronology— Ford Motor Company October 1973-September 1976 On October 26, 1973, the Auto Workers (UAW) and Ford Motor Co. reached tentative agreement on a 3-year national pact for 185,000 workers (which was subsequently accepted by the union), along the lines of a pattern-setting agreement reached at Chrysler Corp. on September 17.1 The Chrysler pact had incor porated a number of innovative features which had been adopted as bargaining goals for the industry by a UAW Special Collective Bargaining Convention held March 22-23. In that Convention, a discussion of “noneconomic” issues had preceded “economic” matters, emphasizing the union membership’s concern for an end to man datory overtime, eased production standards, limits on subcontracting of work, expanded job transfer rights, and improved health and safety standards.2 The union’s wage goals included substantial wage hikes, a revised cost-of-living escalator formula, “full wage parity” for workers in the United States and Canada, and increased overtime premiums. Other goals included additional holidays, liberalized vacations and a vacation bonus, improved health benefits and the establishment of a dental program, improved pensions, with emphasis on benefits for those already retired and “30 (years)-and-' out” retirement (with “special consideration” for forge and foundry workers) regardless of age. Also discussed were increased supplemental unemployment benefits plan financing, and an attendance incentive program. Although talks had begun in mid-July at each of the Big 3 auto companies, little negotiating progress was 1See details of Chrysler settlement in Current Wage Develop ments, October 1973. 2 “Noneconomic” issues (primarily production standards) had resulted in a number of “ministrikes” at various General Motors facilities in late 1972. Supplement to Bulletin 1787 U.S. DEPARTMENT OF LABOR Bureau of Labor Statistics April 1975 made until the union selected a “target” company with which it could achieve a pattern settlement. Chrysler was so selected on August 21 and the bargaining pace at that company quickened, with negotiating teams at Ford and General Motors awaiting the results. An impasse was reached at Chrysler, however, primarily over voluntary overtime, and when agreement could not be reached by the September 14 contract termination date, workers went on strike. Ford and General Motors, which also had a September 14 expiration date, had agreed to day-today contract extensions on September 10 and workers at those companies remained on the job. Agreement at the national level for Chrysler hourly employees was reached on September 173 and work resumed after the contract ratification on September 23. Ford then became the focal point of bargaining, with the union seeking to improve on the Chrysler package by gaining “25-and-out” retirement benefits for about 12,000 forge and foundry workers. At Chrysler, adop tion of “25-and-out” was to be dependent on results of a future study of the incidence of illness and longevity of such workers. Ford forge and foundry retirement and voluntary overtime were the subjects of hard bargaining until agreement at the national level was reached on October 26.4 Agreement on retroactivity of the initial wage increase was the last item to be resolved. On November 12, the union announced that the pact had been approved by other-than-skilled trades employees, but had been rejected by skilled trades workers—the two groups had voted separately.5 Skilled trades workers objected to voluntary overtime provisions which allowed 3An agreement for Chrysler salaried employees represented by the UAW was reached several days later. 4 General Motors and UAW reached tentative agreement on November 19. 5The ratification tally showed that skilled workers had rejected the contract by 20,089 to 5,943, while other workers had accepted it by 105,843 to 38,684. the company to upgrade production workers or use outside help to perform overtime work refused by the trades workers. The union announced on November 14 that it considered the pact ratified, but that it would seek renegotiation o f the disputed overtime sections. The company said that it would explore the problem. Most local agreements were reached in October and November. The last local agreement was reached on June 19,1974. The agreement provided for a general wage increase retroactive to September 15, 1973, ranging from 22 cents to 33.5 cents an hour as well as for two deferred annual improvement factor increases ranging from 11.5 cents to 23.5 cents in the second year and 12 cents to 24 cents in the third year of the contract. The merit spread for skilled trades workers was modified, allowing the maximum rate of the spread rate to be reached within 3 months after attainment of seniority or being reclassified to the classification, whichever is later. The pact also provided for special increases for certain truck drivers and related classifications and a provision for resolving local wage claims. On November 19, 1973, 35 cents of the 40-cent accumulated cost-of-living allowance was to be incor porated into base rates. The escalator clause was revised to provide 1-cent adjustments for each 0.3-point change in consecutive 3-month averages of a Combined United States-Canadian Consumer Price Index. To obtain a Combined Index, the Consumer Price Index for Canada is multiplied by 0.1 and the Consumer Price Index for the U.S. is multiplied by 0.9. This ratio approximates the proportion of auto production and employment in each country. As the Canadian Index is presently published on a 1961 base, a conversion factor of 0.8665511 is used to convert the Canadian Index to a 1967 base consistent with that of the U.S. Index; the previous formula for U.S. workers was based on the U.S. Index 1957-59=100. The first quarterly escalator adjust ment was to be made in December 1973 (through June 1976). One cent of each net quarterly increase in the allowance is to be diverted to finance fringe items beginning in March 1974, up to a maximum of 10 cents over the contract term. With certain exceptions, voluntary overtime pro visions allow workers to decline work (1) after 9 hours a day for those in manufacturing plants and after 10 hours a day for those in assembly plants (after 8 hours on Saturdays at assembly plants); (2) for those in manufac turing plants, 1 of every 3 Saturdays, if the previous 2 had been worked, and, for those in assembly plants, Saturdays in excess of 6 designated 8-hour Saturdays during a model year (outside the model changeover period),6 provided a worker in either type of plant is not absent during the week before the Saturday; and (3) Sundays for workers not absent during the week before the Sunday except for a Saturday declined as allowed under (2) above. The 1973 agreement, and supplemental agreements reached November 29, 1973, permit skilled employees in a given plant to elect, as a group, to have overtime assignments guided by (1) pro visions negotiated before the 1973 agreement, (2) pro visions of the 1973 agreement as appropriate for other employees, or (3) special local arrangements having the approval of the company and the UAW International staff. The day after Thanksgiving was added as a paid holiday in 1974 and the unbroken Christmas-New Year’s holiday period was extended by 1 paid holiday in the period that began in 1973 and by 2 paid holidays in the periods that were to begin in 1974 and 1975. Additionally, shift premium pay is to be included in holiday pay beginning with Thanksgiving Day in 1975, but not for Decem ber 14, 1975, or for holidays falling within the Christ mas-New Year’s period. The definition of “immediate family” for bereave ment pay purposes was expanded and educational pay increased to $700 per year for tuition and compulsory fees. Insurance program improvements include the addition of three brackets of benefits to the group life and disa bility insurance plan for employees in higher wage brack ets. Also, for employees at work on or after October 1, 1975, all brackets for life insurance and for accidental death and dismemberment benefits are to be increased by $1,000 and $500, respectively. Survivors’ income benefits also are increased. Hospital-medical-surgicaldrug benefits are improved and a reciprocity program was established to assure prompt payment when expenses are incurred away from home. A dental program was established, as well, for employees and their dependents. The 6-year pension agreement provides for retirement at unreduced benefit rates after 30 years of service regardless of age (“full 30-and-out”). Foundry workers in specified job classifications who have 25 years of service or more, are to be given a 20-percent-of-service credit premium, allowing them to retire on a full benefit after only 25 years of service on specified job classifica tions, regardless of age. The union stated in a letter to the company dated October 26, 1973, that the same retirement for forge workers would be the subject of 6 The model year period begins at the end of the model launch period (the week frames for the first unit of a new model are launched plus 3 weeks or else until line speed reaches scheduled production, whichever is later); it ends 2 weeks before the announced model build-out date (the date the last unit of the old model is scheduled to be completed). 2 that had been financed from SUB funds are to be paid directly by the company, as well as short workweek benefit costs in excess of 3 cents per hour in any year. bargaining in 1976 if a study should prove that forge work had an adverse effect on longevity. The principle of a “lifetime level benefit” was established to end the “cliff effect” caused by the drop in an early retiree’s income at age 65 when the supplemental allowance ceased. Pensions for past and future retirees are now to be increased in each year of the pension agreement. A fourth benefit class code was established to provide higher pension benefits for skilled trades workers and those in equivalently rated jobs. The Special Age 65 benefit was increased to $6.30 a month with provision for payment o f the benefit to retirees and survivors enrolled in'Medicare. Contributions to the SUB fund for straight-time hours are increased in the first and third years of the contract and contributions for overtime hours are established in the second year and increased in the third year. Certain insurance premiums for laid-off employees More worker participation in resolving. problems involving health and safety are agreed to and a joint committee is to be set up to study and attempt to improve the work environment. The contract is scheduled to remain in effect until 11:59 pjn. September 14, 1976, except for the pension plan, which is to remain in effect until midnight September 14, 1979 (or if later, the termination date of any agreement expiring in 1979). This supplement brings the Ford Motor Co. wage chronology up to date through the respective expiration dates, except for possible cost-of-living adjustments and a reopener in September 1976 under the pension plan to discuss an increase in survivors’ benefits. 3 Table 1. General wage changes1 Effective date Applications, exceptions, and other related matters Provision Sept. 15, 1973 (agreement dated Oct. 31,1973). 22-to 33.5-cent-an-hour increase, depending on base hourly rate.2 Nov. 19, 1973 (agreement dated Oct .31,1973)« Dee. 3, 197 3 ........... Agreement also provided: (1) 2 deferred improve ment factor increases effective Sept. 23, 1974 and Sept. 22, 1975; (2) incorporated 35 cents of the 40-cent accumulated cost-of-living allowance into base rates effective Nov. 19, 1973; (3) a revised escalator formula to provide quarterly adjustments of 1 cent for each 0.3-point change in the 3-month average Combined Bureau of L abor S ta tistic s Consumer Price Index (1967=100) and Statistics Canada Consumer Price Index (1961=100) beginning Dec. 3, 1973 (through June 1976), based on the 3-month averages of the Combined Consumer Price In dexes for Aug., Sept., and Oct. 1973 and the averages for 3-calendar-month periods thereafter (1 cent of each of the adjustments of Mar. 1974 through June 1976 was to be diverted to finance fringe items, provided that the allowance had increased above the level attained in any previous 3-month period, allowing a possible diversion of up to 10 cents over the contract term);3 (4) that other-than-skilled trades employees hired or re hired on or after Nov. 19,1973, were to receive a hiring rate 45 cents below the job rate for 1st 4 weeks and then 25 cents below the job rate until regular rate was reached after 8 additional weeks (such hires or rehires, upon attaining 6 months’ seniority, were to receive an additional payment equal to 25 cents plus any shift or overtime premium for each hour worked during the 1st 4 weeks of employment and 15 cents plus shift and overtime premium for each hour worked during the 5th through 12th weeks of employment; (5) a special adjustment of 50 cents an hour for certain truck drivers and other related classifica tions effective Sept. 15, 1973; and (6) for any claims arising under provisions of the wage claims settlement agreement dated Oct. 31, 1973 to be effective Sept. 23,1974. 35 cents of the40-cent accumulated cost-of-living allowance was incorporated into base rates. 12-cent-an-hour increase. Mar. 4 , 1974 8-cent-an-hour increase. June 3, 1974 ., 13-cent-an-hour increase. Sept. 2, 1974 13-cent-an-hour increase. Quarterly adjustment in cost-of-living allowance based on average Combined Consumer Price Indexes for August, September, and October, 197 3.3 Quarterly adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for November and December 1973 and January 1974. An additional 1 cent was diverted from the allowance to finance fringe benefits.3 Quarterly adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for February, March, and April 1974. An additional 1 cent (total 2) was diverted from the allowance to finance fringe benefits.3 Quarterly adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for May, June, and July 1974. An additional 1 cent (total 3) was diverted from the allowance to finance fringe benefits.3 See footnotes at end of table. 4 Table 1. General wage changes1 —Continued Provision Applications, exceptions, and other related masters Sept. 23,1974 (agreement dated Oct. 31,1973). Increases ranging from 11.5 to 23.5 cents an hour, depending on base hourly rate,4 averaging about 16 cents an hour. Dec. 2,1974 ............................ 15-cent-an-hour increase. Mai. 3, 1975............................ 11-cent-an-hour increase. Improvement factor increase. In addition to the improvement factor increase, 1,284 skilled trades and other-than-skilled trades workers received additional increases as a result of the wage claims settlement agreement dated Oct. 31,1973. Quarterly adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for August, September, and October 1974. An addi tional 1 cent (total 4) was diverted from the allowance to finance fringe benefits.123 Quarterly adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for November and December 1974 and January 1975. An additional 1 cent (total 5) diverted from the allowance to finance fringe benefits.3 Possible adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for Feb ruary, March, and April 1975.3 Possible adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for May, June,and July, 1975.3 Improvement factor increase. E ffectiv e d a te June 2,1975 .......................... Sept. 1,1975 .......................... Increases ranging from 12 to 24 cents an hour, depending on base hourly rate,4 averaging about 17 cents an hour. Sept. 22,1975 (agreement dated Oct. 31,1973). Possible adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for August, September, and October 1975.3 Possible adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for November and December 1975 and January 1976.3 Possible adjustment in cost-of-living allowance based on Combined Consumer Price Indexes for Feb ruary, March, and April 1976.3 Dec. 1,1975 ............................ Mar. 1,1976 ............................ June 7,1976 .......................... 1 G en eral w age ch anges are u p w ard o r d o w n w ard a d ju s tm e n ts affe c tin g a su b s ta n tia l n u m b e r o f w o rk e rs. N o t in clu d e d w ith in th e te rm are a d ju s tm e n ts in ind iv id u al ra te s (p ro m o tio n s, m erit in creases, e tc .) and m in o r a d ju s tm e n ts in w age s tru c tu re th a t d o n o t have an im m e d ia te a n d n o tic e a b le e ffe c t o n th e average wage level. T h e g en eral ch anges listed in th is c h ro n o lo g y w ere th e m ajo r changes a ffe c tin g w age ra te s du rin g th e p erio d covered. Because o f o m issio n o f n o n g e n era l changes in ra te s, a n d o th e r fa c to rs, th e to ta l o f th e gen eral w age changes w ill n o t necessarily coin cid e w ith th e m o v em e n t o f stra ig h t-tim e average h o u rly earnings. 2 T h e increase ap p lied to base h o u rly ra te s (ex cluding th e cost-of-living allo w an ce in e ffe c t a n d sh ift p re m iu m s) as fo llo w s: Base rate b efo re S e p t 15, 1 9 7 3 A m o u n t o f increase (in cents) 22 22.5 23 2 3 .5 24 24.5 25 25.5 26 26.5 27 27 .5 28 2 8.5 29 29.5 30 30.5 31 31.5 32 3 2 .5 33 33.5 Less th a n $ 3 .4 2 .............. $ 3 .4 2 b u t less th a n $ 3 ,5 8 5 $ 3 ,5 8 5 b u t less th a n $3.75 $3.75 b u t less th a n $3 .9 2 $ 3 .9 2 b u t less th a n $ 4 ,0 8 5 $ 4 ,0 8 5 b u t less th a n $4.25 $4.25 b u t less th a n $ 4 .4 2 $ 4 .4 2 b u t less th a n $ 4 ,5 8 5 $4,585 b u t less th a n $4 .7 5 $4.75 b u t less th a n $4.9 2 $ 4 .9 2 b u t less th a n $ 5 ,0 8 5 $ 5 ,0 8 5 b b t less th a n $5.25 $ 5 .2 5 b u t less th a n $ 5 .4 2 $ 5 .4 2 b u t less th a n $ 5 ,585 $ 5,5 8 5 b u t less th a n $5.75 $ 5 .7 5 b u t less th a n $5.9 2 $ 5 .9 2 b u t less th a n $ 6 ,0 8 5 $ 6 ,0 8 5 b u t less th a n $6.25 $6.25 b u t less th a n $6.42 $6 .4 2 b u t less th a n $ 6 ,5 8 5 $ 6 ,5 8 5 b u t less th a n $6.75 $6.7 5 b u t less th a n $6.9 2 $ 6 .9 2 b u t less th a n $ 7 ,0 8 5 $7,0 8 5 th ro u g h $ 7 ,2 4 5 . , 5 Foot not es—Continued 3 T h e a g ree m e n t p ro v id ed th a t cost-of-living a d ju s tm e n ts effe c tiv e D ec. 3, 1 9 7 3 , a n d q u a rte rly th e re a fte r (b eg in n in g th e first fu ll p a y p e rio d in M ar. 1 9 7 4 up th ro u g h th e first fu ll pay p e rio d in J u n e 1 9 7 6 ) b e d e te rm in e d as fo llo w s: C o m b in e d C o n su m er Price I n d e x ,* U n ited S ta te s and Canada, 3 -m o n th average H o u rly cost-o f-livin g a llo w a n ce* * 1 3 0 .2 o r less .................................................................. 0 c en t 1 3 0 .4 t o 1 3 0 . 7 .............................................................. 1 cent 1 3 0 .8 t o 1 3 1 . 0 .............................................................. 2 c en ts 131.1 t o 1 3 1 . 4 .............................................................. 3 c en ts 4 c e n ts 1 3 1 .5 t o 1 3 1 . 7 .............................................................. 1 3 1 .8 t o 1 3 2 . 1 .............................................................. S c e n ts 1 3 2 .2 to 1 3 2 . 4 .............................................................. 6 c e n ts 132.5 t o 1 3 2 . 7 .............................................................. 7 c en ts 1 3 2 .8 t o 1 3 3 . 0 .............................................................. 8 c e n ts 133.1 t o 1 3 3 . 3 .............................................................. 9 c e n ts 1 3 3 .4 t o 1 3 3 . 6 ............................................................... 10 c e n ts 11 c e n ts 133 .7 t o 1 3 3 . 9 .............................................................. 1 3 4 .0 t o 1 3 4 . 2 .............................................................. 12 c e n ts 1 3 4 .3 to 1 3 4 . 5 .............................................................. 13 c e n ts 1 3 4 .6 t o 1 3 4 . 8 .............................................................. 14 c e n ts 1 3 4 .9 t o 1 3 5 . 1 .............................................................. 15 c e n ts 1 3 5 .2 t o 1 3 5 . 4 .............................................................. 16 c e n ts 135.5 t o 1 3 5 . 7 .............................................................. 17 c e n ts 1 3 5 .8 to 1 3 6 . 0 .............................................................. 18 c en ts 136.1 to 1 3 6 . 3 .............................................................. 19 c e n ts 1 3 6 .4 t o 1 3 6 .6 . . . . ; ............................................. 2 0 c en ts a n d so f o r th , w ith a 1-cent a d ju s tm e n t fo r eac h 0 .3 -p o in t change in th e average C o m b in e d In d e x (ro u n d e d t o th e n e are st 0.1 In d e x p o in t) f o r th e a p p ro p ria te 3 m o n th s . ♦ Q u arte rly cost-of-living review s beg in n in g in D ecem b er 197 3 w ere t o b e b a se d o n th e 3 -m o n th averages o f th e C o m b in ed C o n su m e r P rice In d e x es fo r A u g u st, S e p te m b e r, an d O c to b e r 1 9 7 3 a n d a t 3 -c alen d a r-m o n th in terv als th e r e a f te r , re sp ec tiv e ly . A 3 -m o n th average C o m b in ed C o n su m er Price In d e x is c alcu lated as show n in th e fo llo w in g ex am p le (w h ic h w ere calcu la tio n s used t o d e te rm in e th e M ar. 1 9 7 4 cost-of-living a d ju s tm e n t): E x am p le: T o o b ta in th e C o m b in ed C o n su m e r Price In d e x f o r th e U n ited e m p lo y m e n t in eac h c o u n try . A s th e used to c o n v ert th e C an ad ian In d e x to C o n su m er Price In d e x es, th e C o n su m er Price In d e x fo r C anada is m u ltip lie d b y 0.1 a n d th e S ta te s is m u ltip lie d b y 0 .9 . T his r a tio a p p ro x im a te s th e p ro p o rtio n o f a u to p ro d u c tio n a n d C anadian Index is p re se n tly p u b lish ed o n a 1961 base, a con v ersio n f a c to r o f 0 .8 6 6 5 5 1 1 is a 1 9 6 7 base co n sisten t w ith th a t o f th e U .S. In d e x . Consumer Price Index, U.S. Bureau o f Labor Statistics Consumer Price Index, Statistics Canada (1 9 6 7 = 1 0 0 ) (1 9 6 1 = 1 0 0 ) 1 3 7 . 6 ............................... 138.5 ............................... 1 3 9 .7 ............................... N ovem ber 19 7 3 ...................................... 155.5 D ecem ber 1 9 7 3 15 6 .4 Ja n u a ry 1 9 7 4 ............................................. 1 5 7 .6 (1 3 7 .6 X .9 ) + (1 5 5 .5 X . 8 6 6 5 5 1 1 X .1 ) = (1 3 8 .5 X .9 ) + (1 5 6 .4 X .8 6 6 5 5 1 1 X .1 ) = (1 3 9 .7 X .9 ) + ( 1 5 7 .6 X .8 6 6 5 5 1 1 X . l ) = C o m b in ed C o n su m e r Price In d e x , 3 -m o n th average 137.31 1 3 8 .2 0 1 3 9.39 3 )4 1 4 .9 0 . . . 138 .3 ♦ ♦ O n e c e n t o f e ac h o f th e M arch 1 9 7 4 th ro u g h Ju n e 1 9 7 6 a d ju s tm e n ts w as to be d iv e rte d to fin a n c e frin g e ite m s pro v id ed th a t th e a llo w a n ce has in creased ab o v e th e h ig h est level a tta in e d in a n y prev io u s 3 -m o n th p e rio d . T his w o u ld allo w fo r a m ax im u m possible d iv ersio n o f 10 c e n ts o ver th e c o n tra c t te rm . T he allo w an ces sh o w n in th e a b o v e sch e d u le w o u ld th e re fo re b e re d u c e d b y a n y a c c u m u la te d d iversions. 6 Footnotes—Continued 4 T he S e p t. 2 3 , 1 9 7 4 , a n d S ep t. 2 2 , 197 5 , im p ro v e m en t fa c to r increases a p p lie d t o base h o u rly ra te s (e x clu d in g cost-of-living allo w an ce in e ffe c t a n d sh ift p re m iu m s) as fo llo w s: H o u r ly im p r o v e m e n t fa c to r increase Base rate b efo re increase Less th a n $ 3 .9 2 ...................................... ............................................... $ 3 .9 2 b u t less th a n $ 4 ,0 8 5 .................................................................. $ 4 ,0 8 5 b u t less t h a n $ 4 . 2 5 .................................................................. $4 .2 5 b u t less th a n $ 4 . 4 2 .................................................................... $ 4 .4 2 b u t less th a n $ 4 ,5 8 5 ................................................................ $ 4 ,5 8 5 b u t less th a n $ 4 . 7 5 .................................................................. $4.75 b u t less th a n $ 4 . 9 2 .................................................................... $ 4 .9 2 b u t less th a n $ 5 ,0 8 5 ................................................................ $ 5 ,0 8 5 b u t less th a n $5 .2 5 / .............................................................. $ 5 .2 5 b u t less th a n $ 5 . 4 2 .................................................................... $ 5 .4 2 b u t less th a n $ 5 ,5 8 5 ................................................................ $ 5 ,5 8 5 b u t less th a n $ 5 . 7 5 .................................................................. $ 5 .7 5 b u t less th a n $ 5 . 9 2 .................................................................... $ 5 .9 2 b u t less th a n $ 6 ,0 8 5 ................................................................ $ 6 ,0 8 5 b u t less th a n $ 6 . 2 5 .................................................................. $6.25 b u t less th a n $ 6 . 4 2 .................................................................... $ 6 .4 2 b u t less th a n $ 6 ,5 8 5 ................................................................ $ 6 ,5 8 5 b u t less th a n $6.75 .................................................................. $6.75 b u t less th a n $ 6 .9 2 .................................................................... $ 6 .9 2 b u t less th a n $7,0 8 5 ................................................................ $ 7 ,0 8 5 b u t less th a n $ 7 . 2 5 .................................................................. $7.2 5 b u t less th a n $ 7 .4 2 .................................................................... $ 7 .4 2 b u t less th a n $ 7 ,5 8 5 ................................................................ $ 7 ,5 8 5 b u t less th a n $7.75 .................................................................. $7.7 5 b u t less th a n $ 7 .9 2 ..................................................................... $ 7 .9 2 th ro u g h $8.08 ............................................................................ Table 2. 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20 2 0 .5 21 2 1 .5 22 2 2 .5 23 2 3 .5 24 c en ts cen ts c en ts c e n ts c en ts c en ts c en ts c en ts cen ts c en ts cen ts cen ts c en ts c en ts c en ts cen ts c en ts c en ts c en ts c e n ts c en ts c en ts c en ts cents cen ts c en ts Hourly job rates,1 selected occupations,2 1973-75 Occupation Sept. 15, 1973 Nov. 19, 197 34 Sept. 23, 1974 Sept. 22, 1975 Janitor3 ..................................................................... Assemblers, major3 ................................................. Pipefitters.................................................................. Toolm akers................................................................ $4,505 4.765 6.010 6.255 $4,855 5.115 6.360 6.605 $5,000 5.270 6.550 6.805 $5,150 5.430 6.745 7.010 T h e ra te s sh o w n in c lu d e o n ly t h a t p o rtio n o f th e cost-of-living allo w an ce in c o rp o ra te d in to base ra te s o n stip u la te d d a te s. E x cep t fo r assem b lers (m a jo r) and ja n ito rs w h ic h are fla t ra te classificatio n s, r a te s sh o w n are th e m ax im u m o f th e r a te range fo r each o c c u p a tio n . 2 T hese basic h o u rly ra te s g e n era lly ap p lie d to all o f th e c o m p a n y ’s p lan ts. 3 A ll n o n sk ille d w o rk e rs have fla t ra te s a n d a re h ired o r re h ire d a t 45 c en ts an h o u r (2 0 c en ts b e fo re N ov. 19, 1 9 7 3 ) b e lo w th is ra te . T h ey receiv e a 2 0 -c en t-an -h o u r (1 0 c e n ts b e fo re Nov. 19, 1 9 7 3 ) a d ju s tm e n t a fte r 4 w e ek s a n d a re in cre ased t o th e jo b ra te a fte r a to ta l o f 12 w e ek s (8 w e ek s b e fo re N ov. 19, 1 9 7 3 ). E ffec tiv e w ith th e 1973 a g ree m e n t, u p o n a tta in in g 6 m o n th s o f se n io rity , su ch hires o r re h ire s are to receiv e an a d d itio n a l p a y m e n t o f 25 c en ts a n h o u r plu s sh ift o r o v e rtim e p re m iu m fo r eac h h o u r w o rk e d d u rin g first 4 w eek s o f e m p lo y m e n t a n d 15 c e n ts p lu s sh ift o r o v e rtim e p re m iu m fo r each h o u r w o rk e d d u rin g 5 th th ro u g h 1 2 th w eeks o f e m p lo y m e n t. 4 R e fle cts in c o rp o ra tio n o f 35 c e n ts o f th e ex istin g 4 0 -c en t cost-of-living allo w an ce in to b ase ra te s. 7 Table 3. Supplementary compensation practices I Effective date Provision Applications, exceptions, and other related matters Holiday pay Nov. 19,1973 (agreement dated Oct. 31,1973). Added: One basic holiday (day after Thanksgiving) beginning in 1974 and to the unbroken Christmas-New Year’s holiday period, 1 additional day off with pay in the period that began in 1973 and 2 additional days off with pay in each of the periods that began in 1974 and 1975. (See opposite para graph for schedule of paid holidays.) The holidays consisted of (1) 5 basic holidays in the 1st contract year and 6 basic holidays in each of the next 2 contract years, Good Friday, Memorial Day, 4th of July, Labor Day, Thanks giving Day and beginning Nov. 29, 1974, the day after Thanksgiving and (2) a holiday period during the Christ mas-New Year’s season (plus additional days of holiday pay for Sunday, Dec. 16, 1973; Sunday, Dec. 15,1974; and Sunday, Dec. 14, 1975) with the following days off with pay: 1st period-Dec. 24, 25, 26, 27, 28, and 31, 1973, and Jan. 1,1974; (b) 2d period-Dec. 23, 24, 25, 26, 27, 30, and 31,1974, and Jan. 1,1975; and (c) 3d period-Dec. 24, 25, 26, 29, 30, and 31, 1975, and Jan. 1, and 2, 1976. Changed (only as to Saturdays and Sun days involved): Days on which em ployee could be called to work only in emergency (not applicable to' 7-day operations; Steel Operations; 5-day em ployees who support 7-day operations at Dearborn and Nashville glass plants; and Sunday work which was part of No. 1 shift Monday): (a) Sat.-Dec. Sun.-Dec. Sat.-Dec. Sun.-Dec. Sat.-Dec. Sun.-Dec. Sat.-Dec. Sun.-Dec. Sat.-Dec. Sun.-Dec. Sat.-Jan. Sun.-Jan. 22,1973 23,1973 29,1973 30,1973 21, 1974 22,1974 28,1974 29,1974 27,1975 28,1975 3,1976 4,1976 If otherwise eligible, employee not disqualified for holiday pay if he de clined work assignment on 1 or more of the above days. Changed: In the case of holiday pay for the Christmas-New Year’s holiday period, a seniority employee absent without excuse on both (l)th e last scheduled workday before and (2) the next scheduled workday after the holi day period, was to be ineligible for holiday pay for all the holidays within the period. A seniority employee ab sent without excuse on only one of either (1) or (2) above was to be ineli gible for 2 of the holidays, but could See footnotes at end of table. 8 Table 3. Supplementary com pensation practices—Continued E ffectiv e d a te Applications, exceptions, and other related matters P rovision Holiday Pay-Continued not receive pay for the remaining holidays, if otherwise eligible. Changed: A seniority employee laid off during the second workweek before week in which 1 or more of holidays in Christmas-New Year’s holiday period fell and who worked last scheduled workday before layoff was, if other wise eligible, to receive pay for holi days in Christmas-New Year’s period. A seniority employee on layoff or sick leave absence when holiday occurred and who returned to work following holidays but during week in which holiday fell, was to receive pay for such holidays. Prior administrative policy incorporated into contract: A seniority employee on a personal leave of absence which expired during Christmas-New Year’s holiday period, was, if otherwise eli gible, to receive pay for holidays in the period which fell (1) after the final day of such leave, or (2) on or after date employee notified plant of availability for work, whichever was later. A se niority employee whose vacation in cluded either (1) the last scheduled day before or (2) the first scheduled day after the Christmas-New Year’s holiday period was, if otherwise eligible, to receive pay for holidays during the period if the employee worked the scheduled workdays immediately be fore and after the vacation when such workdays were within the workweeks that included what would have been either (1) or (2). Changed: For employees working on necessary continuous 7-day operation whose work involved work on holidays-if a designated holiday fell on one of employee’s regularly scheduled days off, the employee, in addition to his holiday pay, was paid double time for time worked. Nov. 19,1973 (agreement dated Oct. 3 1 ,1973)-Continued Nov; 27,1975 (agreement dated Oct. 31, 1973). Added: Effective with the Thanksgiving Day holiday in 1975, shift premium to be included in holiday pay (except for Dec. 14, 1975 and holidays falling in the Christmas-New Year’s holiday period). Bereavement pay Added: To definition of immediate family-grandparent, grandparent of current spouse, half-brother, and halfsister. Changed: Employee hired or rehired on or after Nov. 19, 1973, had to have acquired seniority to be eligible for bereavement pay. Nov. 19,1973 (agreement dated Oct. 31,1973). See footnotes at end of table. 9 Table 3. Supplementary compensation practices-Continued E ffectiv e d a te A p p lica tio n s, e x c e p tio n s, a n d o th e r re la te d m a tte rs Provision Education pay Nov. 19,1973 (company letter dated Oct. 31,1973). Increased: To $700 a year for tuition and compulsory fees for seniority em ployee on active rolls taking approved courses at accredited college when such courses were successfully completed. Insurance benefits Nov. 19,1973 (agreement dated Oct. 31,1973). Employees in all States. Group insurance. Increased: Three brackets of bene fits added to group life and disability insurance schedule for em ployees in higher wage b r a c k e t s , 1 r esult ing in (1) $7,500 to $16,000 life insur ance before age 65; (2) $1,500 to $2,400 life insurance at age 65 and over with 10 but less than 20 years under the retire ment plan, and $2,250 to $4,800 with 20 years or more under the plan; (3) $3,750 to $8,000 accidental death and dis memberment benefits; (4) $85 to $170 weekly sickness and accident benefits; (5) $150 to $320 monthly total and perma nent disability benefits; and (6) $285 to $655 monthly ex tended disability benefits.* De leted lowest 2 brackets under previous program. Added: For “ short-service” employee hired or rehired on or after Nov. 19, 1973, the weekly accident and sickness benefits, during a continuous disability beginning in 1st 4 months after acci dent and sickness insurance was in force, were to be the following per centages of the weekly amount deter mined from the schedule of.benefits:1 (1) 50 percent during disability begin ning 1st and 2nd month that employee had coverage or 75 percent beginning any week in which 3d day of hospital confinement occurred within 14 con secutive days and for succeeding week ending in same month as month in which 3d day of confinement occurred and (2)75 percent during disability beginning in 3d and 4th months of coverage. Changed: Uninsured employee retiring before age 65 (was between ages 55 and 65) without returning to work from layoff or leave of absence with pension benefits beginning on or after Nov. 19, 1973, to be insured if under age 65, for same coverages for group life and disability that otherwise could have been continued at time of retire ment for the amount in force while employee was last working. See footnotes at end of table. 10 Table 3. Supplementary com pensation practices—Continued E ffectiv e d a te P rovision Nov. 19,1973 (agreement dated Oct. 31, 1973)-Continued Changed: Three brackets added to contri butions for group life and disability insurance for employees in higher wage brackets under age 65 who stopped working for any reason.2 A p p lica tio n s, e x c e p tio n s, a n d o th e r re la te d m a tte rs In su ra n ce b e n e f its - C o n tin u e d Added: Company commitment to pay premiums, taxes, or contributions that employee may be required to pay as a result of National Health Insurance; company to retain any “ savings” . Added: Employee eligible for extended disability benefit, including those who qualified for extended disability bene fit but were not eligible for payment of such benefits because benefit from other sources exceeded extended dis ability benefit amount, and who was enrolled in Medicare Part B to receive $6.30 per month while so eligible (unless receiving same amount under pension plan). Mar. 1,1974 (agreement dated Oct. 31, 1973). June 1,1974 (agreement dated Oct. 31,1973). Oct. 1,1974 (agreement dated Oct. 31,1973). Employees in all States. Hospital-surgical-medical-drug-dental bene fits. Added: National Blue Shield Reciprocity Program to assist employees and retirees (and their dependents or surviving spouses) in receiving prompt payment for expenses incurred outside the local Blue Shield area. Amounts are based on usual, reasonable, and custbmary charges. Established: Dental program for em ployees with at least 1 year of seniority and their dependents which provided (1) 100 percent of reasonable and cus tomary charge for most preventative services and emergency palliative treat ment; (2) 85 percent of reasonable and customary charge for most X-rays, extractions and oral surgery, except for orthodontic work; periodontal treat ment; general anesthetics when medi cally necessary with oral or dental surgery; root canal treatment; restora tion fillings; or in certain cases, crowns, inlays, onlays and gold fillings; anti biotic injections by dentist; repairs to bridgework, dentures; relining or rebas ing of dentures; or (3) 50 percent paid for (a) initial fixed bridgework, includ ing inlays or crowns to install it; initial removable dentures; replacement of some existing fixed bridgework or re movable dentures or addition of teeth to either; and (b) orthodontic diagnos tic and treatment services for children under age 19. The program provided for a maximum of $750 per person per year except in the case of (3) (b) above which had a lifetime maximum of $500. See footnotes at end of table. 11 Covered expenses included surgery; anes thesia; radiation therapy; diagnostic X-ray; diagnostic laboratory and path ology; in-hospital medical care for gen eral conditions, TB, mental treatment, drug addiction, and chronic alcohol ism; outpatient and physicians office emergency treatment; and consulta tions. Company-paid dental coverage not pro vided while on leave, layoff, or for retirees or surviving spouses, or spon sored dependents. Dental coverage pro vided at employee’s expense while on local union leave or approved medical leave, but not to exceed period equal to seniority when absence began. Table 3. Supplementary compensation practices—Continued Effective date Provision Applications, exceptions, and other related matters Insurance benefits-Continued Oct. 1,1974 (agreement dated Oct. 31, 1973)-Continued Employees in all States. Group insurance. ....................................... Oct. 1,1975 (agreement dated Oct. 31,1973). Employees in all States. Group insurance. Increased: Insurance before age 65 for employees who had been at work on or after Oct. 1, 1975; (1) life insurance-by $1,000 for each bracket; (2) monthly total and permanent disability benefit s - by $20 for each bracket; and (3) accidental death and dis memberment benefits-by $500 for each bracket.1 Increased: Life insurance at or after age 651 for employees who had been at work on or after Oct. 1, 1975, by (1) increasing mini mum amount for 10-year em ployees to $2,000; (2) eliminat ing the 30 percent maximum; and (3) counting years of service under retirement plan up to age 68 in determining amount of continuing life insurance. (See opposite paragraph for calcula tion of continuing life insur ance.) See footnotes at end of table. Changed: Survivor income, benefits coverage for early and special early retirees who retired before Oct. 1, 1974 pro vided to age 55. The increased life and accidental death and dismemberment benefits were not to be payable until 6 months after death when it occurred before age 65. Changed: For employees who were at work on or after Oct. 1, 1975, the life insurance was reduced at and after age 65 by 2 percent per month until (1) for employees with 10 years or more service under retirement plan, face value decreased to 1Vi percent of insurance in effect on 65th birthday times years of service under retirement plan at end of month employee at tained age 68 (minimum $2,000) and (2) for those with less than 10 years of service under retirement plan, face value decreased to lVi percent of insur ance in effect on 65 th birthday times years of service under retirement plan at end of month employee attained age 68 (minimum $500). Reduced insur ance continued until death for em ployee with 10 years of service under the retirement plan, and until the earlier of dates when seniority was broken or after 25 months of continu ous layoff for employee with less than 10 years of service under retirement plan, except that such employee if at work on or after Oct. 1, 1975 and attained 10 years of service after 65th birthday, was to have life insurance in force at end of month in which he attained age 65, reduced and continued as for 10-or-more-year employees. Added: For employee who was at work on or after Oct. 1, 1975, definition of total and permanent disability for such benefits was expanded to include in ability for rest of life to perform work in plant where worker had seniority. Table 3 . Supplementary compensation practices—Continued E ffectiv e d a te Provision A p p lic a tio n s, e x c e p tio n s, a n d o th e r re la te d m a tte rs Insurance benefits-Continued Added: For employee who was at work on or after Oct. 1, 1974, with extended disability benefit that would begin on or after Oct. 1, 1975, definition of total disability for extended disability benefits was expanded to include pre vention by bodily injury or disease from regular work in plant in which employee had seniority. If employee no longer satisfies requirement but, within 2 weeks after end of benefits, again became so disabled, benefits were to be resumed. Changed: For employees who were at work on or after Oct. 1, 1974 with extended disability benefit that would begin on or after Oct. 1, 1975, military service connected disability not to be disqualifying for extended disability benefit (previously qualified only if 10 years elapsed since separation from military). Changed: For employees who were at work on or after Oct. 1, 1974, with extended disability benefits that would begin on or after Oct. 1, 1975, ex tended disability benefits not reduced by benefits for total disability due to pneumoconiosis as defined as of Nov. 19, 1973 under Federal Black Lung Benefits Act of 1972. Changed: For employees laid off on or after Oct. 1, 1975, coverage for life, accidental death or dismemberment, and survivors insurance benefits pro vided for the greater of (a) 1 month (up to 12) for each 4 weeks of regular SUB to which employee was entitled at layoff or (b) the number of months (up to 12) to which employee would be eligible on basis of years of seniority as of last day worked before layoff (or date placed on layoff for returning veteran) as follows (previously formula (a) above only): 0tet. 1, 1975 (agreement dated Oct. 3 1 ,1973)-Continued Years of seniority Survivor income benefit insurance. Increased: Transition benefit-Vox survivor of employee who had been at work on or after Oct. 1,1975, to $200 for any month for which no eligible survivor of deceased employee was eligible for an See footnotes at end of table. 13 Maximum number o f months without cost to employee Less than 1 0 2 1 but less than 2 4 2 but less than 4 4 but less than 6 6 8 6 but less than 8 10 8 but less than 10 12 10 or more Added: A class A or Class B survivor of employee who had been at work on or after Oct. 1, 1975, was allowed to revoke waiver of survivor benefits. Table 3. Supplementary compensation practices—Continued E ffectiv e d a te Oct. 1, 1975 (agreement dated Oct. 3 1 ,1973)-Continued P rovision Insurance benefits-Continued unreduced old-age, survivors or dis ability benefit under the Federal Social Security Act; otherwise $125. Increased: Bridge benefit-Foi survivor of employee who had been at work on or after Oct. 1, 1975, to $200 a month paid to eligible spouse of deceased employee, if spouse was age 45 (was 48) or more on date of employee’s death, paid after termination of transi tion benefit. Hospital-medical-surgicaldrug-dental benefits: Prescription drugs: Expanded: To provide addi tional maintenance “ legend” drugs. Hospital-medical-surgical benefits were to be improved effective Oct. 1, 1975 after selection in May 1975 from an agreed upon list which included benefits for alcoholism and drug addiction treatment (employees only); prosthetic aids (except hearing aids); durable medical equip ment; outpatient psychiatric treatment; organ tissue trans plant evaluation; home care from extended care facility; pap smear and lab tests; chemo therapy; emergency first aid and emergency medical care; ob stetrical lab; and outpatient physiotherapy. Retirement benefits Oct. 1,1973 (agreement dated Oct. 31,1973). Increased: Normal monthly retirement benefits-employee retired (1) before Oct. 25, 1967, by 75 cents per year of credited service; or (2) on or after Oct. 25, 1967, by 75 cents to amount ranging from $7.25 to $8.50 per year of credited service, depending on bene fit class code and date of retirement.3 Increased: Early and disability monthly retirement benefits. For retirement at company option or under mutually satisfactory conditions (special early retire ment) or for total and perma nent disability (disability retire ment) (1) before Sept. 1, 1964, by (a) special early retirement75 cents in life income benefit rates and (b) disability retire m ent-75 cents in life income benefit rates plus $1 in tempor ary benefit rates;4 (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $7 per year of See footnotes at end of table. 14 A p p lica tio n s, e x c e p tio n s , a n d o th e r re la te d m a tte rs Changed: Hospital-medical-surgical drugs (but not dental coverage) for em ployees laid off on or after Oct. 1, 1975, to be provided on the basis of the greater of (a) as previously con tinued (based on SUB credit units) or (b) the number of months (up to 12) to which employee would be eligible on basis of years of seniority on last day worked before layoff as follows: Years of seniority Less than 1 1 but less than 2 2 but less than 4 4 but less than 6 6 but less than 8 8 but less than 10 10 or more Maximum number o f mon ths without cost to employee 0 2 4 6 8 10 12 Table 3. Supplementary compensation practices—Continued Effective date Oct. 1,1973 (agreement dated Oct. 31,1973)—Continued Provision Applications, exceptions, and other related matters Retirement benefits-Continued credited service, plus temporary benefit of $7.75 per year of service up to 25; and (3) on or after Oct. 25, 1967, to amount ranging from $7.25 to $8.50 per year of credited service, depend ing on benefit class code and date of retirement3 plus tem porary benefit ranging from $8 to $8.50 per year of service up to 25, depending on date of retirement.5 For retirement at own option (reg ular early retirement) -em ployee re tire d (1) before Sept. 1, 1964, by 75 cents per year of credited service, as pre viously reduced; (2) on or after S ept. 1, 1964 but before Oct. 25, 1967, to $7 per year of credited service, times percent age for age when benefits began;6 (3) on or after Oct. 25, 1967 but before Oct. 1, 1971, to amount ranging from $7.25 to $8.50 per year of credited service, depending on benefit class code and date of retire ment,3 times percentage for age when benefits began;6 (4) on or after Oct. 1, 1971, to amount ranging from $8 to $8.50 per year of service, depending on benefit class code3 times per centage for age when benefits began,6 and upon attaining age 65 for retiree who had 30 years of credited service, such retiree was to be paid life income bene fit rate for his benefit class code,3 reduced by amount equal to one-third of 1 percent times number of months from date benefits began to month of 62d birthday until Oct. 1, 1974 if he retired before Sept. 15, 1973, or Mar. 1, 1974 if he retired on or after Sept. 15, 1973, after which no reduction in the benefit would be made because of retirement before age 62. I n cr ea sed: Vesting—dtfenzd monthly benefit for break in seniority on or after Nov. 19, 1973, ranging from $8 to $8.50 per year of credited service, depending on benefit class code.7 Changed: Supplemental allowance-bene fit payable on or after Oct. 1, 1973, for employee retired at own option under regular early retirement reduced for any month before age 65 for which See fo o tn o te s at end o f table. 15 Table 3. Supplementary compensation practices-Continued E ffectiv e d a te A p p lic a tio n s , e x c e p tio n s, a n d o th e r re la te d m a tte rs P rovision Retirement benefits-Continued he would be eligible for an unreduced social security benefit on or after Oct. 1, 1973 as follows: (1) On or after Sept. 1, 1965, but before Oct. 25, 1967, reduced by $7.75 a month per year of credited service up to 25; (2) on or after Oct. 25, 1967, but before Sept. 15, 1970, by $8 a month per year of service up to 25; (3) on or after Sept. 15, 1970, by $8.50 a month per year of service up to 25. Added: Employee with 5 years of senior ity as of Nov. 19, 1973, who was laid off during any calendar year after 1950 and before 1956, was credited with 40 hours for each complete calendar week of such absence during which worker had seniority, multiplied by percentage as follows: Oct. 1,1973 (agreement dated Oct. 3 1 ,1973)-Continued Nov. 19,1973 (agreement dated Oct. 31, 1973). Employee seniority on Nov. 19,1973 Percent 20 years or m o r e ................. * .'... .100 15-20 y e a r s ....................................... 75 10-15 y e a r s ....................................... 50 5-10 y e a r s ........................................25 Changed: Eligibility requirement for dis ability retirement liberalized to require 5 years (formerly 10) seniority be tween separation from military service and onset of disability resulting from service in Armed Forces for employees with seniority on or after Nov. 19, 1973. Mar. 1,1974 (agreement dated Oct. 31, 1973). Increased: Normal monthly retirement benefits—employee retired on or after Mar. 1, 1974, by 75 cents to amount ranging from $8.75 to $9.25 per year of credited service, depending on bene fit class code.3 Increased: Special early and disability m o n th ly re tirement benefits-employee retired on or after Mar. 1,1974, to amount ranging from $8.75 to $9.25 per year of credited service, depending on benefit class code,3 plus temporary benefit of $9.50 per year of service up to 25.5 Increased: Regular early monthly retire ment benefits-employee retired on or after Mar. 1, 1974, to amount ranging from $8.75 to $9.25 per year of service, depending on benefit class code,3 times percentage for age when benefit began,6 and upon attaining age 65 for employee with 30 years of credited service, such employee was to be paid life income benefit rate for proper benefit class code,3 with no reduction because of retirement before age 62. S ee fo o tn o te s at end o f table. 16 Changed: For employee retired on special early or disability retirement on or after Mar. 1, 1974, temporary benefit continued until age 62 or prior date when retiree became or could have become eligible for an unreduced social security benefit. Table 3. Supplementary compensation practices—Continued Effective date Provision Applications, exceptions, and other related matters Retirement benefits-Continued Mar. 1,1974 (agreement dated Oct. 3 1 ,1973)-Continued Oct. 1,1974 (agreement dated Oct. 31,1973). Increased: Vesting-deferred monthly benefit for break in seniority on or after Mar. 1, 1974, ranging from $8.75 to $9.25 per year of credited service, depending on benefit class code.1 Increased: Supplemental allowance for employee retiring on early or total and permanent disability retirement on or after Mar. 1, 1974, with 30 years of credited service or more which when added to early or disability benefit would bring total benefit to (a) $550 for months before age 62 and (b) $395 ($320 for months before Oct. 1, 1975 for retirements beginning on or after Mar. 1, 1974, but before Oct. 1,1974) after 62nd birthday through month retiree attained age 65.8 Added: Supplemental allowance “interim supplement” ranging from $3.50 to $7.50 per year of credited service, depending on age at retirement,9 pay able through month age 62 attained for employee retiring on regular early re tirement on or after Mar. 1,1974 with less than 30 years of service and before month age 62 attained. (The interim supplement was not payable for any month he was eligible for unreduced social security benefit.) Increased: Special age 65 benefit- to $6.30 a month. Increased: Normal monthly retirement benefits-employee retired (1) before Oct. 25, 1967, by from $1.25 to $1.70, to $8.25 per year of credited service; (2) on or after Oct. 25, 1967, by varying amounts ranging from 25 cents to $1, to amount ranging from $8.25 to $10 per year of credited service, depending on benefit class code and date of retirement.3 Increased: Special early and disability mo n th ly retirement benefits-em ployee who retired (1) before Sept. 1, 1964 on (a) special early retirement to $8.25 per year of credited service, or (b) disability retirement-to $8.25 per year of credited service plus pre vious temporary benefit ranging from $6.60 to $7.25 per year of service up to 25, depending on date of retire ment;4 (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $8.25 per year of credited service, plus previous temporary benefit of $7.75 per year of service up to 25; (3) on or after Oct. 25, 1967, to amount ranging from $8.25 to $10 per year of credited See fo o tn o te s at end o f table. 17 Changed: Supplemental allowance-bene fit payable on or after Mar. 1,1974, for employee retiring at own option under regular early retirement on or after Mar. 1, 1974, reduced for any month before age 62 for which retiree would be eligible for an unreduced social security benefit, by $9.50 a month per year of credited service, up to a maxi mum of 25. Changed: Supplemental allowance-in computing amount of allowance for employee retired under special early or disability retirement (except for such retirement on or after Mar. 1, 1974 with less than 30 years of service) pension to include temporary benefit payable for such retirement whether or not pension actually included such amount. Added: Special age 65 benefit applicable to pensioner or spouse if under age 65 and enrolled in voluntary Medicare by making contributions. No change in life income benefit rates for those who retired on normal, early, or disability pensions on or after Mar. 1, 1974 but before Oct. 1,1974. Added: New benefit class code for skilled classifications and certain high-rated other-than-skilled trades classifications.3 Table 3. Supplementary compensation practices—Continued E ffectiv e d a te Provision A p p lic a tio n s, e x c e p tio n s, a n d o th e r re la te d m a tte rs Retirement benefits-Continued Oct. 1,1974 (agreement dated Oct. 3 1 ,1973)-Continued service depending on benefit class code and date of retirement,3 plus tempo rary benefit ranging from $8 to $9.50 per year of service up to 25 depending on date of retirement.5 Increased: Regular early monthly retire m en t b e n e f i t s - employee retired (1) before Sept. 1, 1964, to $8.25 as previously reduced; (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $8.25 per year of credited service, times percentage for age when benefits began;6 (3) on or after Oct. 25, 1967 but before Oct. 1, 1971, to amount ranging from $8.25 to $8.75 per year of credited service depending on benefit class code and date of retirement,3 times percentage for age when benefits began;6 and (4) on or after Oct. 1, 1971 to amount ranging from $8.25 to $10 per year of service, depending on benefit class code and date of retirement,3 times percentage for age when benefits began,6 and upon attaining age 65 for a retiree who had 30 years of credited service, the full life income benefit to be paid with no reduction because of retirement before age 62. Increased: Vesting—deferred monthly benefit for break in seniority on or after Oct. 1, 1974 ranging from $9.25 to $10 per year of credited service, depending on benefit class code.7 The supplemental allowance as calculated according to age and date of retirement was to be redetermined on each date that life incon^e benefit rates were increased on or after Oct. 1, 1974 (Oct. 1 of 1974, 1975, 1976, 1977, and 1978). Increased: Supplemental allowance for employee retired on early or disability retirement on or after Oct. 1, 1974 with 30 years of credited service which when added to early or disability bene fit would bring total benefit to (a) $625 for months before age 62 and (b) $395 after 62nd birthday through month retiree attained age 65.® Increased: Special survivorship optionbase amount to $3 per year of retiree’s credited service. Added: Survivors benefit payable to sur viving spouse of employee who died before age 55 on or after Oct. 1,1974, with 30 years of credited service or more (provided employee had seniority at time of death or had broken senior ity by retirement but before start of retirement benefits). S ee fo o tn o te s at end o f table. 18 Table 3. Supplementary com pensation practices—Continued E ffective date Oct. 1,1975 (agreement dated Oct. 31,1973). Provision Retirement benefits-Continued Increased: Normal m onthly retirement benefits-tm ployee retired (1) before Sept. 15, 1970, by 35 cents, to $8.60 per year of credited service; (2) on or after Sept. 15, 1970, by varying amounts ranging from 35 to 50 cents, to amount ranging from $8.60 to $10 per year of credited service, depending on benefit class code and date of retirement.3 Increased: Special early and disability m onthly retirement benefits— for em ployee who retired (1) before Sept. 1, 1964, on (a) special early retirementto $8.60 per year of credited service or (b) for disability retirem ent-to $8.60 per year of credited service, plus pre vious temporary benefit ranging from $6.60 to $7.25 per year of service up to 25 depending on date of retire ment;4 (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $8.60 per year of credited service, plus previous temporary benefit of $7.75 per year of service up to 25; (3) on or after Oct. 25, 1967, to amount ranging from $8.60 to $10 per year of credited service depending on benefit class code and date of retirement,3 plus previous temporary benefit ranging from $8 to $9.50 per year of service depending on date of retirement.5 Increased: Regular early m onthly retire m en t b e n e f i t s - employee retired (1) before Sept. 1, 1964, to $8.60 per year of credited service as previously reduced; (2) on or after Sept. 1, 1964 but before Sept. 15, 1970, to $8.60 per year of credited service, times percentage for age when benefits be gan;6 (3) on or after Sept. 15, 1970, but before Oct. 1, 1971, to amount ranging from $8.60 to $9.10 per year of credited service depending on bene fit class code,3 times percentage for age when benefits began;6 (4) on or after Oct. 1, 1971, to amount ranging from $8.60 to $10 per year of service depending on benefit class code and date of retirement,3 times percentage for age when benefits began,6 and upon attaining age 65 for retiree with 30 years of credited service, the full life income benefit was to be paid with no reduction because of retirement before age 62. Added: Supplemental allowance “lifetime supplement” of $75 payable monthly upon attaining age 65 to employee retired on normal, early, or disability retirement on or after Mar. 1, 1974, with 30 years of credited service.8 See fo o tn o te s at end o f table. 19 A p p lication s, ex cep tio n s, and oth er related m atters .No change in life income benefit rates for those who retired on normal, early, or disability pensions on or after Oct. 1, 1974. Table 3. Supplementary compensation practices—Continued Effective date A p p lica tio n s, e x c e p tio n s, a n d o th e r re la te d m a tte rs P rovision Retirement benefits-Continued Oct. 1,1975 (agreement dated Oct. 31, 1973)-Continued Added: Supplemental allowance “ageservice supplement” of $2 per year of service reduced for early or disability retirement by 1/36 for each month from start of benefit to 65 th birthday for employee retired on or after Mar. 1, 1974, with less than 30 years of credited service if employee retired on (a) early or disability retirement after agfe 62 plus 1 month or (b) nor mal retirement with at least 10 years of service (except employee who would receive normal benefit after age 65 while retired on disability). Changed: Maximum earnings permitted before penalty applied against supple m e n tal allowance-to $2,100 (or amount permitted without reduction in benefits under Federal Social Secur ity Act) in any calendar year after retirement and before age 65. Added: “Interim” and “age-service” sup plemental allowances in determination of maximum total monthly benefit (which was not to exceed 70 percent of employee’s final base pay including cost-of-living allowance). Changed: Supplemental allowance not ap plicable to employee discharged for cause before age 65 unless company or impartial umpire had determined the discharge should not result in former employee’s being ineligible for supple mental allowance. Changed: Supplemental allowance payable until earlier of (1) retiree’s death, (2) reemployment by the company, (3) his retirement benefit ceased, (4) age 62 in the case of the “interim” supplemental allowance, or (5) age 65 in the case of the regular supplemental allowance. Added: Grey iron foundry workers in certain job classifications with 25 years of service, all of which were on classifica tio n s specifically identified as foundry jobs, and retired on or after Oct. 1, 1975, to receive foundry ser vice premium (additional foundry ser vice) of 20 percent of past and future service in foundry so that years of c re d ite d service co n sisted o f (a) foundry service, (b) additional foundry service, and (c) any service not attributable to foundry jobs. Oct. 1,1976 (agreement dated Oct. 31,1973). Increased: Normal monthly retirement benefits—employee retired (1) before Sept. 15, 1970, by 50 cents to $9.10 per year of credited service; (2) on or after Sept. 15, 1970, by varying amounts ranging from 25 to 50 cents to amount ranging from $9.10 to S ee fo o tn o te s at en d o f table. 20 Table 3 . Supplementary compensation practices—Continued E ffective date Provision A p plications, ex cep tion s, and other related m atters Retirement benefits-Continued Oct. 1,1976 (agreement dated Oct. 31, 1973)-Continued $10.50 per year of credited service, depending on benefit class code and date of retirement.3 Increased: Special early and disability m o n th ly retirement benefits-employee who retired (1) before Sept. 1, 1964, on (a) special early retirement to $9.10 per year of credited service and (b) disability retirement-to $9.10 per year of credited service, plus pre vious temporary benefit ranging from $6.60 to $7.25 per year of service up to 25, depending on date of retire ment;4 (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $9.10 per year of credited service, plus previous temporary benefit of $7.75 per year of service up to 25; (3) on or after Oct. 25, 1967, to amount ranging from $9.10 to $10.50 per year of credited service, depending on benefit class code and date of retirement,3 plus temporary benefit ranging from $8 to $10 per year of service up to 25, depending on date of retirement.5 Increased: Regular early monthly retire m en t b e n e f i t s - employee retired (1) before Sept. 1, 1964, to $9.10 per year of credited service as previously reduced; (2) on or after Sept. 1, 1964 but before Sept. 15,1970 to $9.10 per year of credited service, times percent age for age when benefits began;6 (3) on or after Sept. 15, 1970 but before Oct. 1,1971, to amount ranging from $9.10 to $9.60 per year of credited service depending on benefit class code,3 times percentage for age when benefits began;6 (4) on or after Oct. 1, 1971, to amount ranging from $9.10 to $10.50 per year of service depending upon benefit class code and date of retirement,3 times percentage for age when benefits began,6 and upon attaining age 65 for retiree with 30 years of credited service, the full life income benefit was to be paid with no reduction because of retirement before age 62. Increased: Vesting deferred monthly bene fit for break in service on or after Oct. 1, 1976 ranging from $9.75 to $10.50 per year of credited service, depending on benefit class code.7 Changed: Supplemental allowance-bene fit payable for employee retired at own option under regular early retirement on or after Oct. 1, 1976 reduced for any month before age 62 for which he would be eligible for unreduced Social Security benefit, by $10 a month per year of credited service up to 25. See fo o tn o te s at end o f table. 21 Table 3. Supplementary com pensation practices—Continued E ffectiv e date Oct. 1,1976 (agreement dated Oct. 3 1 ,1973)-Continued Oct. 1,1977 (agreement dated Oct. 31,1973). Provision Retirement benefits-Continued Increased: Supplemental allowance for employee retired on early or disability retirement on or after Oct. 1, 1976 with 30 years of credited service which when added to early or disability bene fit would bring total benefit to (a) $650 for months before age 62 and (b) $400 after age 62 through month retiree attained age 65 .* Increased: Supplemental allowance “life time supplement” of $80 a month payable upon attaining age 65 for employee retired on normal, early, or disability retirement on or after Oct. 1, 1976 with 30 years of credited service or more. Increased: Normal monthly retirement benefits-employee retired (1) before Sept. 15, 1970, by 25 cents to $9.35 per year of credited service; (2) on or after Sept. 15, 1970, by 25 cents to amount ranging from $9.35 to $10.50 per year of credited service, depending on benefit class code and date of retirement.3 Increased: Special early and disability m o n th ly retirement benefits-employee who retired (1) before Sept. 1, 1964 on (a) special early retirementto $9.35 per year of credited service, or (b) disability retirement-to $9.35 per year of credited service, plus pre vious temporary benefit ranging from $6.60 to $7.25 per year of service up to 25, depending on date of retire ment;4 (2) on or after Sept. 1, 1964, but before Oct. 25, 1967* to $9.35 per year of credited service, plus previous temporary benefit of $7.75 per year of service up to 25; (3) on or after Oct. 25, 1967, to amount ranging from $9.35 to $10.50 per year of credited service, depending on benefit class code and date of retirement,3 plus previous temporary benefit ranging from $8 to $10 per year of service up to 25, depending on date of retire ment.5 Increased: Regular early monthly retire m en t b e n e fits-e m p lo y e e retired (1) before Sept. 1, 1964, to $9.35 per year of credited service as previously reduced; (2) on or after Sept. 1, 1964 but before Sept. 15, 1970, to $9.35 per year of credited service times per centage for age when benefits began;6 (3) on or after Sept. 15, 1970 but before Oct. 1,1971, to amount ranging from $9.35 to $9.85 per year of credited service, depending on benefit class code,3 times percentage for age when benefits began;6 (4) on or after See fo o tn o te s at end o f table. . 22 A pplications, ex cep tion s, and other related m atters No change in life income benefit rates for those who retired on normal, early, or disability pensions on or after Oct. 1, 1976. Table 3. Supplementary com pensation practices—Continued E ffective date Oct. 1,1977 (agreement dated Oct. 3 1 ,1973)-Continued Oct. 1,1978 (agreement dated Oct. 31, 1973). Provision Retirement benefits-Continued Oct. 1, 1971, to amount ranging from $9.35 to $10.50 per year of service depending on benefit class code and date of retirement,3 times percentage for age when benefits began,6 and upon attaining age 65 for retiree with 30 years of credited service, the full life income benefit was to be paid with no reduction because of retirement before age 62. Increased: Normal monthly retirement benefit s-tm p\oyee who retired (1) be fore Sept. 1, 1970, by 60 cents to $9.95 per year of credited service; (2) on or after Sept. 15, 1970, by varying amounts ranging from 50 cents to $1, to amount ranging from $9.95 to $11.50 per year of credited service, depending on benefit class code and date of retirement.3 Increased: Special early and disability m o n th ly retirement benefits-em ployee who retired (1) before Sept. 1, 1964 on (a) special early retirementto $9.95 per year of credited service and (b) disability retirem ent-to $9.95 per year of credited service plus pre vious temporary benefit ranging from $6.60 to $7.25 per year of service up to 25, depending on date of retire ment;4 (2) on or after Sept. 1, 1964 but before Oct. 25, 1967, to $9.95 per year of credited service, plus previous temporary benefit of $7.75 per year of service up to 25; (3) on or after Oct. 25, 1967, to amount ranging from $9.95 to $11.50 per year of credited service, depending on benefit class code and date of retirement,3 plus temporary benefit ranging from $8 to $11 per year of service up to 25, depending on date of retirement.5 Increased: Regular early monthly retire m en t b e n e fits - e mployee retired (1) before Sept. 1, 1964, to $9.95 per year of credited service as previously reduced; (2) on or after Sept. 1, 1964 but before Sept. 15, 1970, to $9.95 per year of credited service, times percentage for age when benefits be gan;6 (3) on or after Sept. 15, 1970 but before Oct. 1, 1971, to amount ranging from $9.95 to $10.45 per year of credited service, depending on bene fit class code,3 times percentage for age when benefits began;6 (4) on or after Oct. 1, 1971, to amount ranging from $9.95 to $11.50 per year of service depending on benefit class code and date of retirement,3 times percent age for age when benefit began,6 and upon attaining age 65 for retiree with See fo o tn o te s at end o f table. 23 A p p lication s, excep tion s, and other related m atters Table 3. Supplementary compensation practices—Continued E ffective date A pplications, excep tion s, and other related m atters Provision Retirement benefits-Continued Oct. 1,1978 (agreement dated Oct. 3 1 ,1973)-Continued 30 years of credited service, the full life income benefit was to be paid with no reduction because of retirement before age 62. Increased: Vesting- deferred monthly benefit for break in service on or after Oct. 1, 1978 ranging from $10.75 to $11.50 per year of credited service, depending on benefit class code.7 Increased: Supplemental allowance “life time supplement” of $100 a month payable upon attaining age 65 for employee retired on normal, early, or disability retirement on or after Oct. 1, 1978 with 30 years of credited service or more.8 Changed: Supplemental allowance-bene fit payable on or after Oct. 1, 1978 for employee retired at own option under regular early retirement on or after Oct. 1, 1978, reduced for any month before age 62 for which he was eligible for an unreduced social security bene fit, by $11 a month per year of credited service up to 25 years. Increased: Supplemental allowance for employee retired on early or disability retirement on or after Oct. 1, 1978, with 30 years of credited service which when added to early or disability bene fit would bring total benefit to (a) $700 for months before age 62 and (b) $430 after age 62 through month he attained age 65.8 Supplemental unemployment benefit plan Dec. 31,1973 (agreement dated Oct. 31, 1973). Jan. 1,1975 (agreement dated Oct. 31,1973). Increased: Regular benefit-maximum to $90 for any week employee exercised option to refuse work and did not receive State system benefit because of such refusal or refusal which occurred after exhaustion of State benefit rights. Added: Eligibility —laid off employee who received lost time benefit under a worker’s compensation law or other law providing benefit for occupational injury *or disease, while not totally disabled and while ineligible for acci dent and sickness benefit under com pany’s insurance plan, was deemed to be on a qualifying layoff if employee met other requirements for a qualify ing layoff. I n cr ea sed : Contributions- amount to range of 7 to 12 cents per hour depending on percentage relationship of the asset value of fund to maximum funding.10 Changed: Contributions for short work weeks-if market value of the assets of fund as of last Friday preceding first Monday in January each year was less than 100 percent of maximum fund ing, the company to contribute amount, if any, by which (a) total amount of automatic short week bene fits paid for layoffs that occurred during pay periods that began in pre vious calendar year, exceeded (b) 3 See fo o tn o te s at end o f table. 24 Changed: Company’s SUB contributions not offset by contributions for hospital-medical-surgical-drug coverage for laid-off employees and continuation of group life and disability coverage for laid-off employees. Table 3. Supplementary compensation practices—Continued Effective date Applications, exceptions, and other related matters Provision Supplemental unemployment benefit plan-Continued Jan. 1,1975 (agreement dated Oct. 31, 1973)-Continued Jan. 6,1975 (agreement dated Oct. 31,1973). cents times total number of hours employees received pay for pay periods begun in such calendar year, minus (c) total of contributions for months credit unit cancellation base fell below specified level ($495 effective Dec. 28, 1970) but not in excess of maximum funding. Changed: Contributions-with respect to each pay period which began within a month for which the current market value of the fund was less than the maximum amount, the company to contribute the lesser of the following amounts: (1) The amount required to increase the value of the fund to 100 percent of maximum funding; or (2) an amount determined by multi plying (a) the number of straight time hours, time and one-half hours, and double time hours, respectively, for which em ployees received pay from the company (excluding hours for which benefits under SUB plan were payable) during such peri od, by (b) a number of cents per hour (7 to 24 cents effective Jan. 6, 1975 and 9 to 26 cents effective Jan. 5,1976) depending on percentage relationship of the asset value of fund to maximum funding and type of hour paid for.10 1 S ch ed u le o f in su ra n ce b e n e fits is as fo llo w s: In su ran ce b e fo re age 65 M o n th ly to ta l a n d p e rm a n e n t d isa b ility b e n e fit* * L ife in su ra n ce Base h o u rly ra te * Up t o $ 3 .4 0 $ 3 .6 5 $ 3 .9 0 $ 4 .1 5 $ 4 .4 0 $ 4 .6 5 $ 4 .9 0 $ 5 .1 5 $ 5 .4 0 $ 5 .6 5 $ 5 .9 0 $ 6 .1 5 $ 6 .4 0 $ 6 .6 5 $ 6 .9 0 $ 7 .1 5 $ 7 .4 0 but but but but but but but but but but but but but but but but but and less t h a n $ 3 . 4 0 ........... less th a n $ 3 . 6 5 ........... less th a n $ 3 . 9 0 ........... less th a n $ 4 . 1 5 ........... less th a n $ 4 . 4 0 ........... less th a n $ 4 . 6 5 ........... less th a n $ 4 . 9 0 ........... less th a n $ 5 . 1 5 ........... less th a n $ 5 . 4 0 ........... less th a n $ 5 . 6 5 ........... less th a n $ 5 . 9 0 ........... less th a n $ 6 . 1 5 ........... less th a n $ 6 . 4 0 ........... less th a n $ 6 . 6 5 ........... less th a n $ 6 . 9 0 ........... less th a n $ 7 . 1 5 ........... less th a n $ 7 . 4 0 ........... o v e r ................................ A ccid e n ta l d e a th a n d d ism em b e rm e n t b e n e fit F o r th o se a t w o rk b e fo re O c t. 1, 1975 F o r th o s e a t w o rk o n o r a fte r O c t. 1, 1975 F o r th o se a t w o rk b e fo re O ct. 1, 1975 F o r th o s e a t w o rk on or a fte r O ct. 1, 1975 F o r th o s e at w o r k b e fo re O ct. 1, 1975 F o r th o se a t w o rk o n o r a fte r O c t. 1, 1975 $ 7 ,5 0 0 8 ,0 0 0 8 ,5 0 0 9 ,0 0 0 9 ,5 0 0 1 0 ,0 0 0 1 0 ,5 0 0 1 1 ,0 0 0 1 1 ,5 0 0 1 2 ,0 0 0 1 2 ,5 0 0 1 3 ,0 0 0 1 3 ,5 0 0 1 4 ,0 0 0 1 4 ,5 0 0 1 5 ,0 0 0 1 5 ,5 0 0 1 6 ,0 0 0 $ 8 ,5 0 0 9 ,0 0 0 9 ,5 0 0 1 0 ,0 0 0 1 0 ,5 0 0 1 1 ,0 0 0 1 1 ,5 0 0 1 2 ,0 0 0 1 2 ,5 0 0 1 3 ,0 0 0 1 3 ,5 0 0 1 4 ,0 0 0 1 4 ,5 0 0 1 5 ,0 0 0 1 5 ,5 0 0 1 6 ,0 0 0 1 6 ,5 0 0 1 7 ,0 0 0 $150 160 170 180 190 20 0 210 220 230 240 250 260 270 280 290 300 310 32 0 $170 180 190 200 210 220 230 240 250 260 270 280 290 300 310 320 330 340 $ 3 ,7 5 0 4 ,0 0 0 4 ,2 5 0 4 ,5 0 0 4 ,7 5 0 5 ,0 0 0 5 ,2 5 0 5 ,5 0 0 5 ,7 5 0 6 ,0 0 0 6 ,2 5 0 6 ,5 0 0 6 ,7 5 0 7 ,0 0 0 7 ,2 5 0 7 ,5 0 0 7 ,7 5 0 8 ,0 0 0 $ 4 ,2 5 0 4 ,5 0 0 4 ,7 5 0 5 ,0 0 0 5 ,2 5 0 5 ,5 0 0 5 ,7 5 0 6 ,0 0 0 6 ,2 5 0 6 ,5 0 0 6 ,7 5 0 7 ,0 0 0 7 ,2 5 0 7 ,5 0 0 7 ,7 5 0 8,000 8 ,2 5 0 8 ,5 0 0 25 Footnotes—Continued 1 Schedule o f insurance b en efits is as .fo llo w s—C ontinued In su ra n ce b e fo re age 65 Base h o u rly ra te * * Up t o $ 3 .4 0 $ 3 .6 5 $ 3 .9 0 $ 4 .1 5 $ 4 .4 0 $ 4 .6 5 $ 4 .9 0 $ 5 .1 5 $ 5 .4 0 $ 5 .6 5 $ 5 .9 0 $ 6 .1 5 $ 6 .4 0 $ 6 .6 5 $ 6 .9 0 $ 7 .1 5 $ 7 .4 0 but but but but but but but but but but but but but but but but but and W eekly sickness a n d acci dent b e n e f it•* ♦ M o n th ly e x te n d e d d isa b ility b e n e fit ♦♦* $ 85 90 95 100 105 110 115 12 0 125 130 135 140 145 150 155 160 165 170 $285 305 330 350 370 395 415 435 460 480 500 525 545 565 590 610 630 655 less t h a n $ 3 .4 0 ............................................ less th a n $ 3 .6 5 ............................................ less th a n $ 3 .9 0 ............................................ less th a n $ 4 .1 5 ............................................ less th a n $ 4 .4 0 ............................................ less th a n $ 4 .6 5 ............................................ less t h a n $ 4 .9 0 ............................................ less th a n $ 5 .1 5 ............................................ less th a n $ 5 .4 0 ............................................ less th a n $ 5 .6 5 ............................................ less th a n $ 5 .9 0 ............................................ less th a n $ 6 .1 5 ............................................ less th a n $ 6 .4 0 ............................................ less th a n $ 6 .6 5 ............................................ less th a n $ 6 .9 0 ............................................ less th a n $ 7 .1 5 ............................................ less th a n $ 7 .4 0 ............................................ o v e r .................................................................... L ife in su ran ce a t age 65 a n d a fte r M inim um (1 0 y ears in r e tire m e n t p lan ) F o r th o s e a t w o rk b e fo re O c t. 1, 1975 M axim um * ♦♦♦ (2 0 y ears in re tire m e n t p la n ) F o r th o se a t w o rk o n o r a fte r O ct. 1, 1975 F o r th o s e a t w o rk b e fo re O c t. 1, 1975 $ 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 0 0 2 ,0 2 5 2 ,1 0 0 2 ,1 7 5 2 ,2 5 0 2 ,3 2 5 2 ,4 0 0 2 ,4 7 5 2 ,5 5 0 $ 2 ,2 5 0 2 ,4 0 0 2 ,5 5 0 2 ,7 0 0 2 ,8 5 0 3 ,0 0 0 3 ,1 5 0 3 ,3 0 0 3 ,4 5 0 3 ,6 0 0 3 ,7 5 0 3 ,9 0 0 4 ,0 5 0 4 ,2 0 0 4 ,3 5 0 4 ,5 0 0 4 ,6 5 0 4 ,8 0 0 $ 1 ,5 0 0 1 ,5 0 0 1 ,5 0 0 1 ,5 0 0 1 ,5 0 0 1 ,5 0 0 1 ,5 7 5 1 ,6 5 0 1 ,7 2 5 1 ,8 0 0 1 ,8 7 5 1 ,9 5 0 2 ,0 2 5 2 ,1 0 0 2 ,1 7 5 2 ,2 5 0 2 ,3 2 5 2 ,4 0 0 . ♦ In su ran ce b ased o n average stra ig h t-tim e h o u rly earnings fo r em p lo y e es u n d e r th e in centive p lan . ♦ ♦B en efits w e re p ay ab le fo r a m ax im u m o f 50 m o n th s fo r e m p lo y e es w ith 10 y e ars o f service u n d e r plan. D isability h a d to beg in b e fo re age 60. ♦ ♦ ♦ S u b ject t o r e d u c tio n f o r o th e r b e n e fits as d e ta ile d u n d e r a cc id e n t a n d sickness o r e x te n d e d d isa b ility se c tio n s o f th e in su ra n ce p lan . ♦ ♦♦ ♦M ax im u m o f 30 p e rc e n t o f life in su ra n ce in e ffe c t at age 65, w ith 20 o r m ore y ears o f c red ita b le service, w as elim in a ted e ffe c tiv e f o r e m p lo y e es a t w o rk o n o r a fte r O c t. 1 ,1 9 7 5 . 3 E m p lo y ee c o n trib u tio n s are as fo llo w s: C o n trib u tio n rate B asic h o u rly rate U p to $ 3 .4 0 $ 3 .6 5 $ 3 .9 0 $ 4 .1 5 $ 4 .4 0 $ 4 .6 5 $ 4 .9 0 $ 5 .1 5 $ 5 .4 0 $ 5 .6 5 $ 5 .9 0 $ 6 .1 5 $ 6 .4 0 $ 6 .6 5 $ 6 .9 0 $ 7 .1 5 $ 7 .4 0 but but but but but but but but but but but but but but but but but and less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n less th a n o ver . . $ 3 .4 0 $ 3 .6 5 $ 3 .9 0 $ 4 .1 5 $ 4 .4 0 $ 4 .6 5 $ 4 .9 0 $ 5 .1 5 $ 5 .4 0 $ 5 .6 5 $ 5 .9 0 $ 6 .1 5 $ 6 .4 0 $ 6 .6 5 $ 6 .9 0 $ 7 .1 5 $ 7 .4 0 . . . . . . . . . . . . . . . . . II** $ 3 .7 5 4 .0 0 4 .2 5 4 .5 0 4 .7 5 5.00 5.25 5 .5 0 5.75 6 .0 0 6.25 6 .5 0 6.75 7 .0 0 7 .25 7 .5 0 7 .75 8.00 ♦ ♦S ch ed u le II w as ap p licab le to th o se te rm in a te d b e tw e e n ages 60 a n d 65 (e x clu d in g r e tire m e n t); w hile a grievance w as p e n d in g ; m ed ical leave o f a b sen ce fo r a n y p e rio d fo r w h ich e m p lo y e r w as n o t re q u ire d to p a y ; a n d la y o f f fo r a n y p e rio d fo r w h ic h e m p lo y e r w as n o t re q u ire d to p ay . ♦S ch ed u le I w as ap p lic ab le fo r leave o f ab sen ce (ex cluding m ed ical a n d u n io n leave) d u rin g a n y p erio d fo r w h ic h em p lo y e r w as n o t re q u ire d t o p a y . I* $ 5 .2 0 5.63 6 .0 7 6 .5 0 6 .9 3 7 .3 7 7 .8 0 8 .2 3 8 .6 7 9 .1 0 9 .5 3 9 .9 6 10.40 1 0 .8 3 1 1 .2 6 1 1 .7 0 12.13 12.57 26 Foqtnotes—Continued 3 Life in com e b en efits based on b en efit class codes w ere determ ined as follow s: J o b classificatio n m ax im u m h o u rly r a te * (w h ich d e te rm in e d b e n e fit class c o d e ) as o f — B en efit Class C ode (see tab le b e lo w fo r a p p lic a tio n o f b e n e f it class co d es) A B C D O c t. 2 5 , 1967 th ro u g h N ov. 2 4 , 1 9 6 8 N ov. 2 5 , 1968 th ro u g h N ov. 2 3 ,1 9 6 9 N ov. 2 4 , 1969 th ro u g h N ov. 1, 1970 N ov. 2 , 1970 th ro u g h N ov. 2 1 , 1971 N ov. 2 2 , 1971 th ro u g h N ov. 19 , 1972 N ov. 2 0 , 1972 th ro u g h N ov. 18, 1973 O n or a fte r N ov. 1 9 ,1 9 7 3 $ 3 ,4 1 0 o r less 3 .4 1 5 - 3 .4 5 0 3 .5 4 5 a n d over $ 3 ,5 1 0 o r less 3.5 1 5 - 3.645 3 .6 5 0 a n d over $ 3 ,6 1 5 o r less 3 .6 2 0 - 3.755 3 .7 6 0 a n d over $ 4 ,2 7 5 o r less 4 .2 4 0 - 4 .4 2 0 4 .4 2 5 a n d over $ 4 ,4 0 5 o r less 4 .4 1 0 -4 .5 5 5 4 .5 6 0 a n d over $ 4 ,5 3 5 o r less 4 .5 4 0 - 4 .6 9 0 4 .6 9 5 a n d over $ 4 ,5 3 5 o r less 4 .5 4 0 - 4 .6 9 0 4 .6 9 5 - 5.34 5 5 .3 5 0 a n d over M o n th ly life in c o m e b e n efit ra te s (p e r y e ar o f service) fo r m o n th s c o m m e n cin g — D ate o f re tire m e n t under plan B enefit Class C ode O c t. 1 9 7 3 th ro u g h F eb. 1 9 7 4 M ar. 1974 th ro u g h . ' S ept. 1974 O ct. 1 9 7 4 th ro u g h S e p t. 1975 O ct. 1975 th ro u g h S ep t. 1 9 7 6 O ct. 197 6 th ro u g h S ep t. 1977 O ct. 1977 th ro u g h S ep t. 19 7 8 O ct. 197 8 a n d a fte r O n o r a fte r O c t. 2 5 ,1 9 6 7 b u t b e fo re S ep t. 1 5 ,1 9 7 0 A B C $7.25 7 .5 0 7 .7 5 $7.25 7 .5 0 7.75 $ 8 .25 8.25 8.25 $ 8 .6 0 8.6 0 8 .6 0 $ 9 .1 0 9 .1 0 9 .1 0 $ 9 .3 5 9 .3 5 9 .3 5 $ 9 .9 5 9.95 9.9 5 O n o r a fte r S e p t. 1 5, 1 9 7 0 b u t b e fo re S ep t. 1 5, 1 973 A B C 8 .0 0 8.25 8 .5 0 8 .0 0 8 .25 8 .5 0 8.25 8.5 0 8 .7 5 8 .6 0 8.85 9 .1 0 9 .1 0 9 .3 5 9 .6 0 9.35 9 .6 0 9.8 5 9 .95 1 0 .2 0 10.45 O n o r a fte r S ep t. 1 5 , 1 9 7 3 b u t b e fo re M ar. 1, 1 9 7 4 A B C&D 8 .0 0 8.25 8 .5 0 8 .0 0 8.25 8.50 8.25 8.50 8.75 8 .6 0 8.85 9 .1 0 9 .1 0 9 .3 5 9.60 9.35 9 .6 0 9.8 5 9.95 1 0 .2 0 10.45 O n o r after. M ar. 1, 1 9 7 4 b u t b e fo re O c t. 1, 1 9 7 4 A B C&D 8.75 9 .0 0 9.25 8.75 9 .0 0 9 .2 5 9.25 9 .5 0 9.75 9 .5 0 9.75 10.0 0 9.75 10.00 10.25 10.2 5 1 0 .5 0 10.75 O n o r a fte r O c t. 1, 1 9 7 4 b u t b e fo re O ct. 1, 1 9 7 6 A B C D 9 .2 5 9 .5 0 9 .7 5 10.00 9 .2 5 9 .5 0 9 .7 5 1 0 .0 0 9 .5 0 9 .7 5 10.00 10.25 9.75 10.00 10.25 10 .5 0 10.25 1 0 .5 0 10.75 1 1 .0 0 O n o r a fte r O ct. 1 , 1 9 7 6 b u t b e fo re O ct. 1 , 1 9 7 8 A B C D 9 .7 5 10.0 0 1 0 .2 5 1 0 .5 0 9 .7 5 1 0 .0 0 10.25 10 .5 0 10.50 10.75 1 1 .0 0 11.25 O n o r a fte r O c t. 1, 1 9 7 8 A B C D _ — _ _ — — — — - - _ _ _ _ — — — — — — — — - - - - — — — _ _ _ — — — — — — — — — — — — - - - - - - * In cen tiv e jo b classificatio n s also w e re assigned b e n e fit class co d es. 4 T em p o rary b e n e fit fo r th o s e r e tire d b e fo re S e p t. 1 9 6 4 o n d isa b ility w as: R etire d b e fo re S e p t i , 1958 $ 6 .8 0 (m ax im u m m o n th ly b e n e fit o f $ 1 9 3 .7 5 ) R e tire d o n o r a fte r S e p t. 1 , 1 9 5 8 b u t b e fo re S e p t. J , 1961 $ 6 .6 0 p e r y ear o f service a t re tir e m e n t f o r service b e fo re J a n . 1 ,1 9 5 8 \ I 1 $6.63 fo r d ie year \ / $ 6 .7 0 p er y ear o f service a t r e tire m e n t fo r service a fte r D ec. 3 1 , 1958 1 1 R etire d o n o r a fte r S e p t. J , 1961 b u t b e fo r e S e p t. 1, 1 9 6 4 ™ax i" lunl b e n e fit o f $1 9 3 .7 5 / 27 $7.25 (m ax im u m m o n th ly b e n e fit o f $ 1 9 3 .7 5 ) 10.75 11.00 11.25 11.5 0 F o o tn o te s —C on tin ued 5 Tem porary b en efit rates w ere as fo llo w s: M o n th ly tem p o ra ry b e n e fit p e r year o f cred ited service up to 25 M a x im u m m o n th ly tem p o ra ry b e n e fit O c t. 2 5 , 1967 th ro u g h S e p t. 14, 1 9 7 0 $ 8 .0 0 $ 2 0 0 .0 0 S ep t. 1 5 ,1 9 7 0 th ro u g h A pr. 197 4 8 .5 0 $ 2 1 2 .5 0 M ar. 1974 th ro u g h S ep t. 197 6 9 .5 0 2 3 7 .5 0 O c t. 1 9 7 6 th ro u g h S ep t. 1978 1 0 .0 0 2 5 0 .0 0 O c t. 1 9 7 8 o r a fte r 11.00 2 7 5 .0 0 D a te o f r e tir e m e n t u n d er p la n 6 Percentages were as follows: P ercen t A g e w h e n b e n e fit beg a n * 62 or over 100.0 9 3 .3 . . . . 8 6 .7 . . . . 8 0 .8 . . . . 7 5 .2 . . . . 6 9.4 . . . . 6 3.5 . . . . 57.9 . . . . 5 3 .2 . . . . 4 8 .9 . . . . 4 5 .0 . . . . 4 1 .5 . . . . 38.3 . . . . 3 5 .4 . . . . 3 2 .8 . . . . 3 0 .4 . . . . 2 8 .2 . . . . 26.1 . . . . . . . . 2 4 .3 2 2 .6 . . . . 2 1 .0 . . . . F o r each a d d itio n a l fu ll m o n th o f age w h e n b e n e fits b eg an , th e ap p licab le p e rc e n t w as to b e d e te rm in e d b y stra ig h t-tim e in te rp o la tio n fro m p e rce n ta g e app licab le t o n e x t h ig h er age in above sc h e d u le , ro u n d e d to th e n e are st 1 /1 0 o f 1 p e rc e n t. * R e d u c tio n fa c to rs fo r r e tire m e n t a t ages b e lo w age 55 ap p licab le o n ly to th o se w h o re tire d o n o r a fte r O ct. 1, 1 9 7 1 , w ith a t least 3 0 y ears o f c red ite d service (25 y ears fo r fo u n d ry w o rk e rs effectiv e O c t. 1, 1 9 7 5 ). 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 7 Vested benefits were determined as follows: J o b classifica tio n m ax im u m h o u rly ra te * (o n o r a fte r N ov. 19, 1 9 7 3 ) $ 4 ,5 3 5 o r less 4 .5 4 0 - 4 .6 9 0 4 .6 9 5 - 5 .3 4 5 5 .3 5 0 a n d o v er B en efit class co d e L ife in co m e b e n e fit ra te s fo r b re ak s in s e n io rity (w ith elig ib ility fo r a d e fe rre d v ested p e n sio n ) co m m e n cin g — N ov. 1 9 , 19 7 3 th ro u g h F e b . 1974 M ar. 1974 th ro u g h S ep t. 19 7 4 O ct. 197 4 th ro u g h S ep t. 19 7 6 O ct. 1976 th ro u g h S e p t. 1978 O c t. 1978 an d a fte r A B C $8.0 0 8.25 8 .5 0 $8.75 9 .0 0 9.25 $ 9.25 9 .5 0 9 .7 5 $ 9 .7 5 10 .0 0 10.25 $ 1 0 .7 5 11.00 11.25 D 8 .5 0 9.25 1 0 .0 0 1 0 .5 0 1 1 .5 0 *Incentive job classifications also were assigned benefit class codes. 28 F o o tn o te s—C ontinued 8 Supplem ental allow ance and lifetim e su pp lem en t were determ ined as follow s: A m o u n t o f t o ta l m o n th ly b e n e fits fo r d e te rm in in g su p p le m e n ta l allo w an ce A m o u n t o f m o n th ly life tim e su p p le m e n t a f te r m o n th in w h ic h re tire d e m p lo y e e a tta in s age 65 T h ro u g h m o n th in w h ic h re tire d em p lo y e e a tta in s age 62 A fte r m o n th in w h ic h re tire d e m p lo y e e a tta in s age 62 a n d th ro u g h m o n th in w h ic h he a tta in s age 65 M ar. 1 9 7 4 th ro u g h S ep t. 1 9 7 4 $550 $395* O c t. 1 9 7 4 th ro u g h S ep t. 1975 625 395 75** O c t. 197 5 th ro u g h S e p t. 1 9 7 6 625 395 75 O ct. 1 9 7 6 th ro u g h S ep t. 1 978 650 400 80 O c t. 1 9 7 8 o r a fte r 700 430 100 re tire m e n t u n d e r plan $ 75* * * $ 3 2 0 f o r a n y m o n th b e fo re O c to b e r 1 9 7 5 . * * N o t p ay ab le f o r a n y m o n th b e fo re O c to b e r 1 9 7 5 . * In te rim s u p p le m e n t ra te s w e re as fo llo w s: A tta in e d age w h e n b e n e fits began A m o u n t o f in te rim s u p p le m e n t* p e r year o f c red ited service 61 60 59 58 57 56 55 $ 7 .5 0 7 .5 0 6 .7 0 5 .9 0 5 .1 0 4 .3 0 3.5 0 * F o r each, a d d itio n a l fu ll m o n th o f a tta in e d age w h e n b e n e fits b e g an , th e ap p licab le ra te w as d e te rm in e d b y add in g 6 -2 /3 c e n ts fo r each su c h a d d itio n a l m o n th t o th e a m o u n t show n fo r a tta in e d age a t last b ir th d a y (n o t to ex ce ed re tire m e n t a fte r age 60 ). $ 7 .5 0 fo r 1 0 R e la tio n sh ip w as as fo llo w s: E ffectiv e d a te If th e p ercen tag e re la tio n s h ip o f th e value o f th e assets o f th e fu n d t o m ax im u m fu n d in g w a s — 8 7.5 7 5 .0 6 2.5 5 0 .0 37.5 Less b u t less th a n 1 0 0 .0 . b u t less th a n 87.5 . . b u t less th a n 7 5 .0 . . b u t less th a n 62.5 . . b u t less th a n 50 .0 . . th a n 3 7 . 5 ..................... D ec. 31, 1973 Ja n . 6, 1975 Ja n . 5, 1976 T he a p p lic a T he ap p lic a T he ap p lic a The a p p lic a T h e a p p lic a ble n u m b e r ble n u m b e r ble n u m b e r ble n u m b e r ble n u m b e r o f o f c en ts per o f c e n ts per o f cen ts o f c en ts per c e n ts per stra ig h tstraig h tp er h o u r tim e a n d oned o u b le tim e tim e h o u r tim e h o u r w as— h a lf h o u r w a s— h our w as— w a s— w as— 7 8 9 10 11 12 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 9 10 11 12 13 14 T he a p p lic a ble n u m b e r o f c en ts per tim e a n d oneh a lf h o u r w a s— T h e applicab le num ber o f c e n ts p er d o u b le tim e h o u r w as— 15 16 17 18 19 20 21 22 23 24 25 26 I f fo r a n y su c h p ay p e rio d , to ta l n u m b e r o f h o u rs em p lo y ees received p ay fro m c o m p a n y w h e n m u ltip lie d b y app licab le n u m b e r o f c en ts p er h o u r w as m o re th a n n u m b e r o f h o u rs re q u ire d to in crease v alue o f assets o f fu n d t o n e x t higher p erce n ta g e o f m ax im u m fu n d in g , o n ly n u m b e r o f h o u rs re q u ire d t o re a c h n e x t such h igher p ercen tag e w as t o b e m u ltip lie d b y ap p licab le c en ts per h o u r in ab o v e ta b le . T he rem ain in g h o u rs (th e d iffe re n c e b e tw ee n to ta l n u m b e r o f h o u rs a n d lesser n u m b e r o f h o u rs re q u ire d t o re a c h n e x t h ig h er p ercen tag e level) w as t o b e m u ltip lie d b y ap p licab le lesser c en ts p er h o u r set f o r th in a b o v e ta b le fo r n e x t h igher p e rcen tag e. 29 It’s H ere! The 1974 edition o f the Handbook o f Labor S tatistics An historical reference volume of the major statistical series of the U.S. Department of Labor's Bureau of Labor Statistics. Featuring: • Historical tables (175) from beginning • A table of sources of additional information; of the series through 1973; • An index; • Last 2 years of data shown monthly for many tables; • Data for foreign countries covering labor force, • Technical notes covering each series; productivity, earnings, prices, and work stoppages. Order Now! ! 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