United :J)errickman & /699er6 _j/66ocialion UNION LOCAL No. 197 Intenzational Association /Jrid9r, Strucluraf. Omamenlaf and t?ei,i/orci,ig Jron WorkerJ 47-10 32nd Place, Suite 403, Long Island City, N.Y. 11101 Phone: (718) 361-6534 • Fax No: (718) 361-6584 ALL LOCAL 197 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 July 1, 2023. The specific change will be as follows; Wage—————————– $ 1.00 Welfare————————– $ .50 Apprentice——————— $ .13 IU IMPACT———————– $ .01 Wage and Benefits Effective July 1. 2023 *New Wage—————— Union assessment———– LD F /Adm in——————– 1 U Organizing—————- Vacation ———————- *Welfare ———————- Pension———————— An nu ity————————- * Apprentice —————- Su pp. Unemployment— P romotio n—————— * Im pact—————- $58.90 $ 4.43 (deducted from wages) $ 1.70 (deducted from wages) $ .22 (deducted from wages) $15.00 (taxable in and out) $10.00 $15.00 $16.50 $ 1.87 $ .00 $ .15 $ .37 **If you have any questions. please do not hesitate to contact this office. Yours Truly, 1(/1/11,a,,e “!). ‘;?/a,u FS-T /Business Manager STONE DERRICKMEN RIGGERS, IW LOCAL 197 BUILDING STONE PRECAST REGULAR RATE SHEET Effective 07/01/23 – 12/31/23 PAY RA TES———— !Journey 50% I 70% I 80% I 90% Apprentice Apprentice IApprentice I Apprentice WAGE—————— $58.90 $29.45 $41.23 $47.12 $53.01 Union Assessment ———- $4.43 $2.19 $3.13 $3.49 $3.84 (deducted from wages) IU Org. Fund (3/8 ot 1%) ——- $0.22 $0.22 $0.22 $0.22 $0.22 (deducted from wages) LDF / Adm in Fund————- $1.70 $1.70 $1.70 $1.70 $1.70 (deducted from wages) – BENEFIT RA TE——– 100% 50% 75% 75% 75% – Vacation———————— $15.00 $7.00 $11.00 $11.00 $11.00l(taxable IN & OUT) Welfare————————- $10.00 $9.75 $10.00 $10.00 $10.00 Pension————————- $15.00 $7.75 $13.50 $13.50 $13.50 Annuity————————- $16.50 $3.50 $7.58 $7.58 $7.58 Apprentice——————— $1.87 $1.01 $1.61 $1.61 $1.61 Supp. Unemployment—— $0.00 $0.00 $0.00 $0.00 $0.00 Industry Promotion——— $0.15 $0.07 $0.11 $0.11 $0.11 IU IMPACT (5/8 of 1 %)————– $0.37 $0.37 $0.37 $0.37 $0.37 – ~ Benefits Tota 1—————– $58.89 $29.45 $44.17 $44.17 $44.17 TOT AL PACKAGE———————- $117.79 $58.90 $85.40 $91.29 $97.18
