https://ble-t.org/news/blet-smart-td-reach-tentative-agreement-with-railroads/
The tentative agreement calls for an immediate wage increase of 14% once compounded with an additional 4% on July 1, 2023, and 4.5% on July 1, 2024. In addition, wage increases of 3% effective July 1, 2020, 3.5% effective July 1, 2021, and 7% effective July 1, 2022, will be fully retroactive, for a compounded increase of 24% over the 5-year term of the agreement. The agreement also includes annual lump-sum bonus payments totaling $5,000.
The parties’ Health and Welfare Plan point-of-service costs will remain unchanged; there will be no increases to copays or deductibles and there are no disruptions to the existing health care networks. After over 20 hours of negotiations, we were able to reach an agreement that freezes our members’ monthly health care contributions at the end of the agreement. No additional increases will apply to our monthly contributions while the parties bargain over the next National Agreement.
The solidarity shown by our members, essential workers to this economy who keep America’s freight trains moving, made the difference in our Unions obtaining agreement provisions that exceeded the recommendations of the Presidential Emergency Board. We listened when our members told us that a final agreement would require improvements to their quality of life as well as economic gains. As a result, this agreement includes agreement provisions that will create voluntary assigned days off for members working in thru freight service, and all members will receive one additional paid day off. Most importantly, for the first time ever, the agreement provides our members with the ability to take time away from work to attend to routine and preventive medical care, as well as exemptions from attendance policies for hospitalizations and surgical procedures.