Idridge, Structural, Ornamental and ^dein^orcin^ Oron IddaderJ
47-10 32nd Place, Suite 403, Long Island City, N.Y. 11101 Phone: (718) 361-6534 •Fax No: (718) 361-6584
Org 1866
ALL LOCAL 197 BSP SIGNATORY CONTRACTORS
This letter is to inform you in accordance with our Collective Bargaining Agreement, members working under the jurisdiction of the United Derrickmen and Riggers Union Local 197 “Building Stone & Precast Association Agreement” will receive an increase of One Dollar & Sixty Four cents per/hour for each hour worked effective Januaryl, 2025.
The specific change will be as follows;
| Welfare | $ 1.00 |
| Vacation | $ .32 |
| Annuity | $ .32 |
| Wage and Benefits Effective January 1, 2025 | |
| Wage Union assessment LDF/Admin- IU Organizing *Vacation *Welfare Pension*Annuity Apprentice | $ 60.40$ 4.52 (deducted from wages) |
| — $ 1.70 (deducted from wages) | |
| $ .23 (deducted from wages)$ 15.32 (taxable in and out)$ 14.00 | |
| — $ 13.00 | |
| $ 17.32 | |
| —– $ 2.14 | |
| Supp. Unemployment— | $ .00$ .15 |
| Promotion | — |
| Impact | —– $ .38 |
**lf you have any questions, please do not hesitate to contact this office.
Yours Truly,
TVdUcun
FS-T/Business Manager
STONE DERRICKMEN RIGGERS, IW LOCAL 197 BUILDING STONE PRECAST REGULAR RATE SHEET
PAY PATES———— Journey 50%
Apprentice
| WAGE | $60.40 $30.20 | |
| Union Assessment IU Org. Fund (3/8 of 1%) LDF/Admin Fund BENEFIT RATE- Vacation | $4.52 $0.23 $1.70 | $2.23$0.23$1.70 |
| 100% 50% | ||
| $15.32 | $7.50 | |
| Welfare | $14.00 $10.50 | |
| Pension Annuity Apprentice Supp. Unemployment Industry Promotion IU IMPACT (5/8 of 1%) Benefits Total TOTAL PACKAGE | $13.00 $17.32 $2.14 $0.00 $0.15 $0.38 | $7.82$3.75$1.14$0.00$0.07$0.38 |
| $62.31 $31.16$122.71 $61.36 |
Effective 01/01/25 – 06/30/25
70% 80% 90%
Apprentice Apprentice Apprentice
| $42.28 $48.32 | $54.36 | |
| $3.20 $0.23 $1.70 | $3.56 $0.23 $1.70 | $3.92 (deductedfrom wages)$0.23 (deductedfrom wages)$1.70 (deductedfrom wages) |
75% 75% 75%
| $11.25 $11.25 | $11.25 (taxable IN & OUT)$12.00$13.00$8.15$1.84$0.00$0.11$0.38$46.75 |
| $12.00 | $12.00 |
| $13.00 $13.00 | |
| $8.15 $1.84 $0.00 $0.11 $0.38 $46.75 | $8.15 $1.84 $0.00 $0.11 $0.38 $46.75 |
$89.03 $95.07 $101.11