Wages & Fringe Benefits |
Definitions• Taxable Base Rate- The hourly pay rate on the employees check.• H W- Health and welfare. This plan covers the employee and all dependants. It is administered by a committee comprised of labor and management. • Loc Pen- Local pension plan. Provides your employees with the security of the knowledge that they will live their retirement years in comfort. It is administered by a committee comprised of labor and management. • Nat Pen- National pension plan. It is administered by national SMACNA and SMWIA. • 401K- This is an employer 401K that your employees have the option of contributing additional monies on their own. Provides your employees with a supplemental form of retirement that will increase their standard of living. It is administered by a committee comprised of labor and management. • SASMI- Stabilization of the sheet metal industry. This fund contributes to employee welfare in times of economic hardships. • IFUS- Industry fund. Promotion of the sheet metal industry. • Local appr trg- This fund covers costs involved in training and upgrading the skills of your employees. It is administered by a committee comprised of labor and management. • Schlr fund, ITI, NEMI, SMOHI- Provides for college scholarships, Text books, and research on chronic health risks your employees are exposed to on the job. |
WAGE MATRIX – JULY 1, 2007 THROUGH JUNE 30, 2008** Indentured prior to July 1, 2005 * Indentured after July 1, 2005 |
| Classification | Percent | Wage | H&W | Local Pension | National Pension | Employer 401(k) | SASMI | IFUS | Local Training | National Funds | Drug Test | Total Package | Working Assessment | Vacation Fund |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Journeyman | 100% | $28.04 | $5.00 | $3.17 | $0.54 | $0.21 | $1.10 | $0.25 | $1.01 | $0.19 | $0.03 | $39.54 | $1.37 | $1.00 |
| Foreman | 110% | $30.84 | $5.00 | $3.17 | $0.54 | $0.21 | $1.19 | $0.25 | $1.01 | $0.19 | $0.03 | $42.43 | $1.37 | $1.00 |
| Gen. Foreman | 120% | $33.65 | $5.00 | $3.17 | $0.54 | $0.21 | $1.27 | $0.25 | $1.01 | $0.19 | $0.03 | $45.32 | $1.37 | $1.00 |
| 1st Year Apprentice** | 50% | $14.02 | $5.00 | $3.17 | $0.54 | $0.21 | $0.68 | $0.25 | $1.01 | $0.19 | $0.03 | $25.10 | $0.69 | $0.50 |
| 2nd Year Apprentice** | 60% | $16.82 | $5.00 | $3.17 | $0.54 | $0.21 | $0.77 | $0.25 | $1.01 | $0.19 | $0.03 | $27.99 | $0.82 | $0.60 |
| 3rd Year Apprentice** | 70% | $19.63 | $5.00 | $3.17 | $0.54 | $0.21 | $0.85 | $0.25 | $1.01 | $0.19 | $0.03 | $30.88 | $0.96 | $0.70 |
| 4th Year Apprentice** | 80% | $22.43 | $5.00 | $3.17 | $0.54 | $0.21 | $0.93 | $0.25 | $1.01 | $0.19 | $0.03 | $33.76 | $1.10 | $0.80 |
| 1st Year Apprentice* | 50% | $14.02 | $5.00 | $1.59 | $0.27 | $0.11 | $0.63 | $0.13 | $0.51 | $0.10 | $0.03 | $22.39 | $0.69 | $0.50 |
| 2nd Year Apprentice* | 60% | $16.82 | $5.00 | $1.90 | $0.32 | $0.13 | $0.72 | $0.15 | $0.61 | $0.11 | $0.03 | $25.79 | $0.82 | $0.60 |
| 3rd Year Apprentice* | 70% | $19.63 | $5.00 | $2.22 | $0.38 | $0.15 | $0.82 | $0.18 | $0.71 | $0.13 | $0.03 | $29.25 | $0.96 | $0.70 |
| 4th Year Apprentice* | 80% | $22.43 | $5.00 | $2.54 | $0.43 | $0.17 | $0.91 | $0.20 | $0.81 | $0.15 | $0.03 | $32.67 | $1.10 | $0.80 |
| Classified Worker | 45% | $12.62 | $5.00 | $1.43 | $0.24 | $0.09 | $0.45 | $0.09 | $0.03 | $19.95 | $0.62 | $0.45 | ||
| Classified Worker | 50% | $14.02 | $5.00 | $1.59 | $0.27 | $0.11 | $0.51 | $0.10 | $0.03 | $21.63 | $0.69 | $0.50 | ||
| Classified Worker | 60% | $16.82 | $5.00 | $1.90 | $0.32 | $0.13 | $0.61 | $0.11 | $0.03 | $24.92 | $0.82 | $0.60 | ||
| Classified Worker | 70% | $19.63 | $5.00 | $2.22 | $0.38 | $0.15 | $0.71 | $0.13 | $0.03 | $28.25 | $0.96 | $0.70 | ||
| Classified Worker | 80% | $22.43 | $5.00 | $2.54 | $0.43 | $0.17 | $0.81 | $0.15 | $0.03 | $31.56 | $1.10 | $0.80 | ||
| Classified Worker | 90% | $25.24 | $5.00 | $2.85 | $0.49 | $0.19 | $0.91 | $0.17 | $0.03 | $34.88 | $1.23 | $0.90 | ||
| Material Handler | 35% | $9.81 | $5.00 | $0.03 | $14.84 | $0.48 |