STONE DERRICKMEN RIGGERS, IW LOCAL 197
HANDSET REGULAR RATE SHEET
Effective 01/01/26 – 06/30/26
PAY RATES — Journey 50% 70% 80% 90%
Apprentice Apprentice Apprentice Apprentice
WAGE $59.67 $29.84 $41.77 $47.74 $53.70
Union Assessment $4.54 $2.24 $3.20 $3.55 $3.91 (deductedfrom wages)
IU Org. Fund (3/8 of 1%) $0.22 $0.22 $0.22 $0.22 $0.22 (deductedfrom wages)
LDF/Admin Fund $1.70 $1.70 $1.70 $1.70 $1.70 (deductedfrom wages)
BENEFIT RATE- 100% 50% 75% 75% 75%
Vacation $16.00 $7.50 $11.50 $11.50 $11.50 (taxable IN & OUT)
Welfare $14.50 $10.55 $12.50 $12.50 $12.50
Pension $13.00 $8.25 $13.00 $13.00 $13.00
Annuity $17.00 $3.49 $7.93 $7.93 $7.93
Apprentice $2.14 $1.34 $1.97 $1.97 $1.97
Supp. Unemployment $0.00 $0.00 $0.00 $0.00 $0.00
Industry Promotion $0.15 $0.08 $0.10 $0.10 $0.10
IU IMPACT (5/8 of 1%) $0.37 $0.37 $0.37 $0.37 $0.37
Benefits Total $63.16 $31.58 $47.37 $47.37 $47.37
TOTAL PACKAGE $122.83 $61.42 $89.14 $95.11 $101.07