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Wages & Fringe Benefits

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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, 2011 THROUGH JUNE 30, 2012


ClassificationPercentWageH&WLocal
Pension
IFUSDrug
Test
Local
Training
National
Pension
Employer
401(k)
National
Funds
SASMITotal
Package
Working
Assessment
Vacation
Fund
Journeyman100%$31.66$5.35$3.62$0.40$0.03$1.26$0.54$0.21$0.19$1.23$44.49$2.72$1.00
Foreman110%$34.83$5.35$3.62$0.40$0.03$1.26$0.54$0.21$0.19$1.33$47.76$2.72$1.00
Gen. Foreman120%$37.99$5.35$3.62$0.40$0.03$1.26$0.54$0.21$0.19$1.43$51.02$2.72$1.00
1st Year Apprentice50%$15.83$5.35$1.81$0.20$0.03$0.63$0.27$0.11$0.19$0.70$25.12$1.36$0.50
2nd Year Apprentice60%$19.00$5.35$2.17$0.24$0.03$0.76$0.32$0.13$0.19$0.81$29.00$1.63$0.60
3rd Year Apprentice70%$22.16$5.35$2.53$0.28$0.03$0.88$0.38$0.15$0.19$0.91$32.86$1.90$0.70
4th Year Apprentice80%$25.33$5.35$2.90$0.32$0.03$1.01$0.43$0.17$0.19$1.02$36.75$2.18$0.80
Classified Worker45%$14.25$5.35$1.63$0.03$0.57$0.24$0.09$0.19$22.35$1.22$0.45
Classified Worker50%$15.83$5.35$1.81$0.03$0.63$0.27$0.11$0.19$24.22$1.36$0.50
Classified Worker60%$19.00$5.35$2.17$0.03$0.76$0.32$0.13$0.19$27.95$1.63$0.60
Classified Worker70%$22.16$5.35$2.53$0.03$0.88$0.38$0.15$0.19$31.67$1.90$0.70
Classified Worker80%$25.33$5.35$2.90$0.03$1.01$0.43$0.17$0.19$35.41$2.18$0.80
Classified Worker90%$28.49$5.35$3.26$0.03$1.13$0.49$0.19$0.19$39.13$2.45$0.90
Material Handler40%$12.66$5.35$0.03$18.04$1.09
Haz-Mat Pay$3.75