STONE DERRICKMEN RIGGERS, IW LOCAL 197
HANDSET REGULAR RATE SHEET
Effective 07/01/26 – 12/31/26
PAY RATES Journey 50%
Apprentice
70%
Apprentice
80%
Apprentice
90%
Apprentice
WAGE $60.01 $30.01 $42.01 $48.01 $54.01
Union Assessment $4.59 $2.25 $3.21 $3.57 $3.93 (deductedfrom wages)
IU Org. Fund (3/8 of 1%) $0.23 $0.23 $0.23 $0.23 $0.23 (deductedfrom wages)
LDF/Admin Fund $1.70 $1.70 $1.70 $1.70 $1.70 (deducted from wages)
BENEFIT RATE- 100% 50% 75% 75% 75%
Vacation $16.50 $7.50 $11.50 $11.50 $11.50 (taxable IN & OUT)
Welfare $15.00 $10.80 $13.00 $13.00 $13.00
Pension $13.50 $8.50 $13.50 $13.50 $13.50
Annuity $17.00 $3.74 $8.00 $8.00 $8.00
Apprentice $2.13 $1.33 $2.02 $2.02 $2.02
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%) $0.38 $0.38 $0.38 $0.38 $0.38
Benefits Total $64.66 $32.33 $48.50 $48.50 $48.50
TOTAL PACKAGE $124.67 $62.34 $90.51 $96.51 $102.5