SMART Transportation Division-represented trainmen, engineers and yardmasters employed by Lake Terminal Railroad have ratified a new six-year agreement by a unanimous vote.
The agreement provides for six annual wage increases, beginning July 1, 2013, and rolls in previous cost-of-living adjustment increases, resulting in an 18.7 percent cumulative wage increase over the life of the contract.
It also includes lump sum back pay, establishes a $5 certification pay for conductors, engineers and remote control operators, increases carrier-matching contributions to 401(k) accounts to $1,300, and establishes an additional retirement account for new hires with a $75 monthly carrier contribution. There will be limits on employee health and welfare contributions to 12 percent of the plan costs and a freeze on co-pays and deductibles for the life of the contract.
SMART Transportation Division Vice President Dave Wier, who assisted with the negotiations, congratulates Lake Terminal General Chairperson Brad Elias and Local Chairperson Russ Tolson for “the exceptional effort put forth in bringing the members’ concerns to the bargaining table and negotiating an agreement with significant improvements in wages and working conditions.”
Related News
- Online fundraiser established for Local 821 officer’s family
- Ground broken on Brightline West — new rail jobs incoming!
- RME members: Make your voices heard ahead of national negotiations!
- After FRA rule, Jared Cassity explains why we still need the Rail Safety Act
- ALERT for L.A.-area members — operator stabbing suspect at large
- SMART-TD wins SEPTA members’ security in their chosen craft
- Shining brightly in the midst of darkness
- Early-bird pricing for TD National Training Seminar ends April 30
- SMART-TD endorses U.S. Sen. Mike Braun (R-Indiana) as the next governor of the Hoosier State!
- FTA action on bus, transit safety plans praised by SMART-TD