BULLETIN
To: Contributing Employers to the Ornamental Metal Institute of New York, Inc.
From: Steven N. Davi
Date: July 1, 2024
Re: Local Union No. 580 CBA Rates
Effective: July 1, 2024 –December 31, 2024
Please be advised of the following economic changes effective July 1, 2024, through and including December 31, 2024, pursuant to the current collective bargaining agreement between Allied Building Metal Industries, Inc., and Iron Workers Local Union No. 580.
Journeyman; Foreman
The wage rate and trust fund contribution rates for Local 580 Journeymen and Foremen for the period July 1, 2024, through and including December 31, 2024, shall be as follows:
Wage Rates
Journeyman: $47.65 /hour*
Foreman: $49.08/hour*
Trust Fund Contribution Rates
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Supplemental Benefit: Insurance Fund: Apprentice-Journeyman Educational Fund: Scholarship Fund: IMPACT: Labor Management Fund: Intl. Organizing Fund: | $14.76 /hour*$16.67 /hour14.85 /hour$.60/hour$17.35 /hour |
| $1.27/hour$.25/hour$.29/hour$.25/hour$.18/hour* |
The contribution to the Ornamental Metal Institute of New York shall be $.35/hour for each Journeyman and Foreman employee.
The Working Assessment will be $1.45/hour, which shall be deducted from the wages of each Journeyman and Foreman employee.
*Taxable
JjOrnamentalMetalInstituteof New York
P a g e | 2
270 Madison Avenue | Suite 401 | New York, New York 10016 | 212.697.5554 | www.ominy.org
Apprentices
The wage rate and trust fund contribution rates for Local 580 apprentice iron workers for the period July 1, 2024, through and including December 31, 2024, shall be as follows:
Wage Rates
Apprentice (Year 1): $25.98*
Apprentice (Year 2): $28.45*
Apprentice (Year 3): $30.80*
Apprentice (Year 4): $34.39*
Trust Fund Contribution Rates
Apprentice (Year 1):
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Insurance Fund: IMPACT: Intl. Organizing Fund: | $2.00/hour*$3.00/hour$5.00/hour$6.00/hour$.29/hour$.18/hour* |
There shall be no contribution to The Ornamental Metal Institute of New York for first-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of first-year apprentice iron workers.
Apprentice (Year 2):
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Insurance Fund: IMPACT: Intl. Organizing Fund: | $2.00/hour*$3.00/hour$6.00/hour$7.00/hour$.29/hour$.18/hour* |
There shall be no contribution made to the Ornamental Metal Institute of New York for secondyear apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of second-year apprentice iron workers.
Apprentice (Year 3):
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Insurance Fund: IMPACT: Intl. Organizing Fund: | $2.00/hour*$3.00/hour$6.00/hour$8.00/hour$.29/hour$.18/hour* |
P a g e | 3
270 Madison Avenue | Suite 401 | New York, New York 10016 | 212.697.5554 | www.ominy.org
There shall be no contribution made to the Ornamental Metal Institute of New York for third-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of third-year apprentice iron workers.
Apprentice (Year 4):
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Insurance Fund: IMPACT: Intl. Organizing Fund: | $2.00/hour*$3.00/hour$7.00/hour$9.00/hour$.29/hour$.18/hour* |
There shall be no contribution made to the Ornamental Metal Institute of New York for fourth-year apprentice iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of fourth-year apprentice iron workers.
*Taxable
Probationary Iron Workers (aka “Pre-Apprentices”)
The wage rate and trust fund contribution rates for Local 580 probationary iron workers for the period July 1, 2024, through and including December 31, 2024, shall be as follows:
Wage Rates
Probationary Iron Worker: $22.55/hour*
Trust Fund Contribution Rates
| Benefit (Vacation) Fund: Annuity Fund: Pension Fund: Insurance Fund: IMPACT: Intl. Organizing Fund: | $1.00/hour*$2.00/hour$0.00/hour$5.00/hour$0.29/hour$0.18/hour* |
There shall be no contribution to the Ornamental Metal Institute of New York for probationary iron workers. Moreover, there shall be no Working Assessment deduction made from the wages of probationary iron workers.