CONTRIBUTION PER HOUR Effective Date: 07/01/19 07/01/20 07/01/21 07/01/22 07/01/23 $13.37 $14.00 $14.30 $14.80 $15.30 Pension $9.90 $10.75 $11.10 $12.10 $12.60 Vacation $10.00 $10.00 $10.50 $10.50 $10.50 Annuity $12.50 $12.50 $13.00 $13.00 $13.50 Apprenticeship Fund $0.50 $0.50 $0.50 $0.50 $0.50 Scholarship $0.40 $0.40 $0.40 $0.40 $0.40 Promotional $0.03 $0.03 $0.03 $0.03 $0.03 Labor Management Co Op Trust $0.38 $0.38 $0.08 $0.08 $0.03 Dues, Union Security $1.58 $1.55 $1.70 $1.70 $1.75 Ironworkers Impact $0.30 $0.30 $0.30 $0.30 $0.30 TOTAL BENEFIT FUNDS $48.96 $50.41 $51.91 $53.41 $54.91 HCIF ( Note 1 ) $0.20 $0.20 $0.20 $0.20 $0.20 TOTAL $49.16 $50.61 $52.11 $53.61 $55.11 Overtime : Holidays: The Employer agrees to pay all fringe benefits on payday on the jobsite, together with the reporting form. All checks for Fringe Benefit payments shall be made payable to the Metal Lathers Funds. METALLIC LATHERS LOCAL 46 Hours: Shift Differential: Overtime wages when worked Monday through Friday, as well as all day Saturday, shall be paid at time and one-half (1-1/2) rate. Sundays and Holidays – Double time. The workday shall be seven (7) or eight (8) hours at the straight time hourly rate. The Employer must notify the Union two days prior to start of the changes in hours worked per day and it shall be for five consecutive working days. The Employer may start their Lathers at either 6:00 AM, 7:00 AM or 8:00 AM at the straight time rate. There will be no shift differential paid on the first shift if more than one shift is employed. The shift differential will remain $12/hour on the second and third shift for the first eight (8) hours if worked. There will be no pyramiding on overtime worked on second and third shifts. The time and one half (1.5x) rate will be against the base wage rate, not the shift differential. Note 1: Fringe Benefits will be paid on hours worked, except for the annuity and vacation fund, which will be paid on hours paid. Welfare Fund (Medical, Dental, Substance Abuse) Fringe Benefits: New Year’s Day, President’s Day, Memorial Day, Fourth of July, Labor Day, Columbus Day, Thanksgiving Day, Christmas Day. There will be early release on Christmas and New Year’s Eve (12:00 Noon but paid full day). HCIF Contributions are to be paid by separate check, at the rate of twenty cents ($0.20) per hour on all hours worked, and forward same with your reporting form to the Fund Office at 260 E, 78th Street, New York, New York 1 of 3 $1.50 $1.50 $1.50 $1.50 increase Increase Increase Increase Effective Date 07/01/19 07/01/20 07/01/21 07/01/22 07/01/23 WAGE $44.65 $44.70 $44.70 $44.70 $44.70 FRINGE BENEFITS $48.96 $50.41 $51.91 $53.41 $54.91 SUBTOTAL $93.61 $95.11 $96.61 $98.11 $99.61 HCIF $0.20 $0.20 $0.20 $0.20 $0.20 TOTAL $93.81 $95.31 $96.81 $98.31 $99.81 APPRENTICESHIP BENEFIT CONTRIBUTIONS 07/01/23 to 06/30/2024 1st Year 2nd Year 3rd Year 4th Year $13.00 $12.00 $11.00 $10.00 $4.42 $4.42 $4.42 $4.42 $0.20 $0.20 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.03 $0.03 $0.03 $0.03 $0.30 $0.30 $0.30 $0.30 TOTAL BENEFITS $18.20 $17.20 $16.25 $15.25 HCIF (Note 1) $0.20 $0.20 $0.20 $0.20 TOTAL $18.40 $17.40 $16.45 $15.45 Note 1: HCIF Contributions are to be paid by separate check, at the rate of twenty ($.20) cents per hour on all hours worked, and forward same with your reporting form to the Fund office at 260 E. 78th Street, New York, New York. Pension Scholarship Apprenticeship Fund Welfare (Trust Fund) Note: The Foreman receives $3.00 per hour more than a Journeyman. Note: Annuity is not taxable. Note: The Employer agrees that all fringe benefits, including but not limited to contributions to the Metal Lathers Local 46 Trust Fund, Metal Lathers Local 46 Pension Fund, and others, shall be paid on pay day at the job site by check payable to the Metal Lathers Funds, and such payment must be accompanied by the reporting forms required to be filed by the Metal Lathers Funds. The present system for Employer contributions to the Vacation and Annuity Funds shall remain in effect. 7/1/2023 Ironworkers Impact Local 46 Rates JOURNEYMEN Promotional 2 of 3 WAGE & BENEFIT RATE FOR APPRENTICES 1st Year 2nd Year 3rd Year 4th Year WAGE $21.00 $22.00 $23.00 $24.00 DUES ASSESSMENT $1.55 $1.60 $1.60 $1.65 FRINGE BENEFITS $18.20 $17.20 $16.25 $15.25 SUBTOTAL $40.75 $40.80 $40.85 $40.90 HCIF $0.20 $0.20 $0.20 $0.20 TOTAL $40.95 $41.00 $41.05 $41.10 07/01/23 – 06/30/24 7/1/2023 Local 46 Rates 3 of 3
