Mon, Jun 26, 2006
Bell Helicopter has
announced that a new agreement has been reached with UAW Local
218. The three year contract was ratified by the membership
at a vote taken Sunday, June 25, 2006. Officials from the Union
notified Bell of the acceptance vote late Sunday afternoon. The
vote was 67% in favor.
"The ratification of this new contract is a significant event in
the continued competitiveness of Bell Helicopter." said P.D.
Shabay, Executive Vice President, Administration and Chief Human
Resources Officer. "Both sides worked to reach a compromise that
will help enhance the future for all Bell Helicopter employees for
years to come."
The contract calls for a 3 percent general wage increase for UAW
Local 218 retroactive to June 11, 2006, and 3 percent again in 2007
and 2008.
Lump-sum payments of $3,500 will be paid to members of UAW,
Local 218 on July 7, 2006. Members' eligibility for the lump-sum
payment is based on their date of employment.
The basic pension formula for employees retiring on or after
Sept.1, 2006, under the early or normal retirement provisions of
the plan, increased to $60 from $51 per year of credited
service.
A choice of three
health care plans was offered to UAW Local 218 membership.
Whichever plan the individual member chooses will be effective
Jan.1, 2007. The plans offered are the Consumer Healthcare
Preferred Provider Organization (PPO), the Health Maintenance
Organization (HMO) Plus and a Traditional HMOs.
The contract affects approximately 2,400 Bell employees in UAW
Local 218, which represents about 25 percent of the Bell worldwide
workforce of 10,000.
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