The raises???? 3% after ratification and 2.5% on anniversary of ratification date for every year until August 2019. So if the contract is ratified on June 17 as predicted, our 2.5% raise in 2019 will be effective for approx. 6 weeks!!! But!!! Big but!!!! Our medical premiums will increase on the 1st of each year. Starting July of this year and increasing close to 50% over course of conract!!! Keep in mind that come Jan. 2019 your premium family plan will be $220 a month and your raise will have raised to 7.5% at this time. So this whole thing is really a wash at this point. You will see more of a bump in wages during the six week window before we go on strike again, Aug. 2019. In my opinion, 3% raise should have started immediately with the next raise 2.5% coming August 1 of this year. Regardless of back pay, that we should have received, but apparently is now unrealistic.
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Sure healthcare costs are increasing I get that, but our year 4 "raise" will be for a few weeks before the contract ends. Also, without knowing the full details on forced OT how do we know we won? They can label something different the LTSD and force ridiculous hours. I would like to see the final contract before voting, not voting yes on a tentative agreement.
You people do understand that healthcare costs are rising for every employee at every company, and that Verizon has some of the best healthcare coverage there is, right?
The non-union employees have been gradually paying more for healthcare each year, especially since Obamacare came into play. Unfortunately, higher premiums are the way of the world for EVERYONE.
Exactly, plus they are still bargaining some issues for the mid-Atlantic after RATIFICATION. This "big win" is a polished turd. We should not ratify a contract that negotiates forced OT and performance measures AFTER RATIFICATION! What are they hiding?
The way it appears to me is 3 percent immediately going back to August 2015 retro applied to all wages and ot since then. Year 1. Then 2.5 percent raise in 2 months August 2016. Year 2. Then 2.5 in August 2017. Year 3. Final year raise applied August 2018 until expiration of contract in August 2019. Year 4.
That's 10.5 percent over 4 years with compounding! It comes out to something around 11 percent actual.
Take tta/field tech rate in nyc. Now 42.73 to 44.01 to 45.11 to 46.24 to 47.39 final year. That's 10.9 percent with compounding.
How do you know if you are going to see 10.5% if you already make top pay and the top pay schedules have not been released?
better then the 4% raise in the initial company offer in June 2015
So, they should stop toting the raises as 11.9% over the next 3 years!!! Its really 7.5% plus a 2.5% bump for the last six weeks of the 2019 contract. Minus, the almost 50% increase in premiums over the next 3 years and six weeks!!! Minus, the increase in copays, deductible, out of pocket max, prescriptions, etc....
From a NY Times article "The company’s real miscalculation may have been its assessment of the unions’ ability to hold out."