The Results of the Special Called Meeting on April 17, 2016 are as follows:
Vote #1: Continue to cover out-of-work members
Continue to cover out-of-work members at a cost of $0.17 per hour (down from
$0.18 last year), for a total contribution rate of $4.00 per hour. The $0.01 reduction is possible because we have fewer out-of-work members.
Accept 264 Reject 17 Spoiled 3
Vote #2: Switch to generic drugs
Reimburse drug expenses based on the lowest priced alternative, which is usually a generic drug. Brand-name drugs will be reimbursed only if there is a medical reason provided by a doctor why you need to use the brand. The change will take effect November 1, 2016 to give you time to talk to your doctor or pharmacist about the change.
Accept 64 Reject 169 Spoiled 4
Vote #3: Increase pension contributions
Increase the hourly contribution rate to $7.76, which is the maximum allowed by law based on a $1.00 increase in the wage package. For ICI members: increase by $0.16 from $7.60 to $7.76
For LRA members: increase to be determined. This contribution rate includes $0.86 per hour to help pay down the shortfall.
Accept 249 Reject 21 Spoiled 1
Vote #4: Make housekeeping change to pension plan
Add the following to the definition of “Voluntary Participant” in the legal document that governs the pension plan:
“Any person employed by an employer that has entered into a participation agreement directly with the Board of Trustees whereby the employer has agreed to make pension contributions to the Pension Fund on account of the person on such terms and conditions as determined by the Board of Trustees.”
Accept 214 Reject 43 Spoiled 6